How To Make Money Today: Daily Market Analysis and Forex Trading Signals 10 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 115.780 in line with 23.6% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 116.322 in line with 161.8% Fibonacci extension and 161.8% Fibonacci Projection. Our bullish bias is further supported by prices trading above our ichimoku cloud support. Alternatively, prices may dip towards our 2nd support at 115.565 in line with 38.2% Fibonacci retracement.

Areas of consideration:

H4 time frame, 1st resistance at 116.322
H4 time frame, 1st support at 115.780

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