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How To Make Money Today: Daily Market Analysis and Forex Trading Signals 17 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 on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our 1st support at 98.287 in line with 61.8% Fibonacci projection towards our 1st resistance at 99.154 in line with 61.8% Fibonacci retracement. Prices are trading above our ichimoku cloud support and RSI are at levels where bounces previously occurred, further supporting our bullish bias.

Areas of consideration:

  • H4 time frame, 1st resistance at 99.154
  • H4 time frame, 1st support at 98.287
dxy analysis

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