How To Make Money Today: 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 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 have approached pivot and swing high. We see the potential for further bullish continuation from our 1st support at 121.834 in line with 127.2% Fibonacci extension and 200% Fibonacci projection towards our 1st resistance at 125.125 in line with 200% Fibonacci Projection. Prices are trading above our ichimoku cloud support, further supporting our bullish bias. On the H4 timeframe, prices have approached pivot and swing high. We see the potential for a short pullback from our 1st support at 122.409 in line with 127.2% Fibonacci extension towards our 1st support at 120.761 in line with 23.6% Fibonacci retracement. On the H4 timeframe, prices have approached pivot and swing high. We see the potential for a short pullback from our 1st resistance at 122.409 in line with 61.8% Fibonacci Projection towards our 1st support at 121.414 in line with 127.2% Fibonacci Retracement. Divergence is spotted on RSI, further supporting our bearish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 122.409
- H4 time frame, 1st support at 121.414
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