How To Make Money Today: USD/CAD Daily Market Analysis and Forex Trading Signals 25 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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USD/CAD:
On the Weekly, with price expected to reverse off our RSI indicator, we have a bias that price will drop from 1st resistance to our 1st support .Alternatively, price may break 1st resistance and head for 2nd resistance.
On the Daily, with price moving expected to bounce off the stochastics indicator, we have a bias that price will rise to our 1st resistance from our 1st support. Alternatively, price may break 1st support structure and head for 2nd support.
On the H4, with price moving below our ichimoku cloud, we have a bias that price will drop from 1st resistance at 1.26198 in line with the horizontal pullback resistance and 23.6% Fibonacci retracement to 1st support at 1.24581 in line with the swing low support .Alternatively, price may break 1st resistance and head for 2nd resistance at 1.27107 in line with the horizontal pullback resistance and 50% Fibonacci retracement.
Areas of consideration:
- H4 time frame, 1st support at 1.24581
- H4 time frame, 1st resistance at 1.26198
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