How To Make Money Today: Daily Market Analysis and Forex Trading Signals 08 March 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis and the trading strategy to use today. 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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USD/JPY:
On the H4 timeframe, prices are on bullish momentum. We see the potential for further bullish momentum from our 1st support at 115.483 in line with 78.6% Fibonacci retracement towards our 1st resistance at 115.805 which is an area of fibonacci confluences. Our bullish bias is further supported by prices trading above our ichimoku cloud support and also MacD being on bullish momentum.
Areas of consideration:
- H4 time frame, 1st resistance at 115.805
- H4 time frame, 1st support at 115.483
![usdjpy signals](https://i0.wp.com/tresorfx.com/wp-content/uploads/2022/03/usdjpy-daily-technical-analysis-forex-trading-signals-investing-uk-5.png?resize=1024%2C617&ssl=1)
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