How To Make Money Today: Daily Market Analysis and Forex Trading Signals 25 February 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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EUR/USD :
On the weekly chart, price is near 1st resistance level of 1.14226 which is also 61.8% Fibonacci projection and 23.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 1.06475 which is 78.6% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it.
On the daily chart, price is abiding by the descending trendline and is near 1st support level of 1.11303 in line with 100% Fibonacci projection and graphical swing low. Price can potentially bounce to the 1st resistance level of 1.13445 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is at support level.
On the H4 chart, price is near 1st resistance level of 1.12213 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to the 2nd resistance level of 1.13163 in line with 61.8% Fibonacci projection and 78.6% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is near support level
- H4 1st resistance at 1.12213
- H4 2nd resistance at 1.13163
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