How To Make Money Today: Daily Market Analysis and Forex Trading Signals 22 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 consolidating in a triangle pattern. We see the potential for further bullish momentum from our 1st support at 98.175 in line with 61.8% Fibonacci retracement towards our 1st resistance at 98.962 in line with 78.6% Fibonacci projection and 100% Fibonacci Projection. MacD are showing bullish momentum from our crossovers, further supporting our bullish bias.

Areas of consideration:

H4 time frame, 1st resistance at 98.962
H4 time frame, 1st support at 98.175

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