How To Make Money Today: Daily Market Analysis and Forex Trading Signals 31 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…
Looking for perfect daily analysis and/or a managed investment account with the world's biggest brokers and make stable 30% - 50% Return on Investment weekly?
Text us now on WhatsApp for more information! We are online waiting for you!
USD/CHF:
On the H4, with price expected to bounce off the support of the stochastics indicator, we have a bias that price will rise to our 1st resistance at 0.93001 in line with the 50% Fibonacci retracement from our 1st support at 0.92302 in line with the horizontal overlap support and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support at 0.91630 in line with the swing low support.
Areas of consideration
- 1st support level at 0.92302
- 1st resistance level at 0.93001
Analysis of the USD/CHF exchange rate: It has dropped below 61.8 percent. Death cross and Fibo retracement imply downward around monthly lows.
- Below the 61.8 percent Fibo retracement, USD/CHF is balanced in a tight range of 0.9220-0.9240.
- A death cross of the 50 and 200-period EMAs indicates that there will be more downside in the future.
- The RSI (14) has fallen into a bearish band of 20.00-40.00, indicating that more misery is on the way.
In early Tokyo, the USD/CHF pair is trading in a tight range of 0.9220-0.9240. After falling below the previous week’s low of 0.9260, the asset has seen a sharp decrease lately.
On an hourly basis, USD/CHF is trading at 0.9269, just below the 61.8 percent Fibonacci retracement (monthly lows and highs at 0.9150 and 0.9460, respectively). The asset is trading around a descending trendline that runs from the low of March 21 at 0.9294 to the low of the previous week at 0.9260.
A bearish assault on the counter was prompted by a death cross between the 50 and 200-period Exponential Moving Averages (EMAs) around 0.9328.
The Relative Strength Index (RSI) (14) has switched from 40.00-60.00 to a bearish range of 20.00-40.00, indicating more pain ahead.
Bulls in the Swiss franc must move the asset below the current consolidation range of 0.9220-0.9240 to see more decline. More fall is expected at the March 7 low and monthly lows of 0.9197 and 0.9150, respectively.
Greenback bulls, on the other hand, may gain control if the asset rises over the 20 EMA at 0.9281. This will push the asset towards the 200 EMA at 0.9313, as well as the 38.2 percent Fibo retracement level at 0.9341.
USD/CHF
| OVERVIEW | |
|---|---|
| Today last price | 0.9231 |
| Today Daily Change | -0.0078 |
| Today Daily Change % | -0.84 |
| Today daily open | 0.9309 |
| TRENDS | |
|---|---|
| Daily SMA20 | 0.9306 |
| Daily SMA50 | 0.9254 |
| Daily SMA100 | 0.9235 |
| Daily SMA200 | 0.9212 |
| LEVELS | |
|---|---|
| Previous Daily High | 0.9374 |
| Previous Daily Low | 0.9298 |
| Previous Weekly High | 0.9376 |
| Previous Weekly Low | 0.926 |
| Previous Monthly High | 0.9297 |
| Previous Monthly Low | 0.915 |
| Daily Fibonacci 38.2% | 0.9327 |
| Daily Fibonacci 61.8% | 0.9345 |
| Daily Pivot Point S1 | 0.928 |
| Daily Pivot Point S2 | 0.9251 |
| Daily Pivot Point S3 | 0.9204 |
| Daily Pivot Point R1 | 0.9356 |
| Daily Pivot Point R2 | 0.9403 |
| Daily Pivot Point R3 | 0.9433 |
0.0 pips spreads | 500:1 leverage
Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)
[maxbutton id="18" url="https://tinyurl.com/bigroifx" text="Open Demo Account" ] [maxbutton id="17" url="https://tinyurl.com/bigroifx" text="Open Live Account" ]
This is how you can make €1000 income daily!
Register bellow and we will tell you how to do it (or we will do it for you.. for a small fee)
FOR DAILY SIGNALS, TECHNICAL VIEWS, MANAGED ACCOUNTS and other services with GUARANTEED PERFORMACE, simply text us on WhatsApp to get more info!
Click here to send a dircet text to us!
WhatsApp number: +447747535495
Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)
[maxbutton id="18" ] [maxbutton id="17" ]
and gain access to the Premium Daily Signals, made by certified CFA traders with guaranteed minimum profit of 50 pips per trade (5 - 10 premium signals daily)
MAKE MORE MONEY
ENJOY YOUR LIFE! LEAVE THE TRADING TO US!
Text us for more info about our managed trading accounts!
