How To Make Money Today: Daily Market Analysis and Forex Trading Signals 02 March 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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DXY:

On the H4 timeframe, prices are at pivot and in line with a recent swing high. We see the potential for a dip from our 1st resistance at 97.434 in line with 100% Fibonacci extension towards our 1st support at 96.858 in line with 78.6% Fibonacci retracement. RSI is at a level where dips occurred previously and further supporting our bearish bias.

Areas of consideration:

H4 time frame, 1st resistance at 97.434
H4 time frame, 1st support at 96.858

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