How To Make Money Today: Daily Market Analysis and Forex Trading Signals 4 April 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!
GBP/USD
On the H4, prices are abiding by an ascending trendline support. We see the potential for a dip from our 1st resistance 1.31152 at 23.6% Fibonacci retracement towards our ascending trendline support. Breaking our ascending trendline support will find prices dipping towards our 1st support at 1.30558 in line with 61.8% FIbonacci retracement. Our bearish bias is further supported by prices trading below our ichimoku cloud resistance. Alternatively, prices may climb towards our 2nd resistance at 1.31622 in line with our graphical swing high.
Areas of consideration:
- H4 1st resistance at 1.31152
- H4 1st support at 1.30558
![gbpusd analysis](https://i0.wp.com/tresorfx.com/wp-content/uploads/2022/04/gbpusd-daily-technical-analysis-forex-trading-signals-investing-uk-1.png?resize=1024%2C617&ssl=1)
GBP/USD Price Analysis: Defends the critical daily support line but not for long
- The weekly close of GBP/USD below the 21-DMA suggests that more misery is on the way.
- On the 1D chart, bears require a significant breach below the rising trendline support.
- The bearish RSI keeps sellers optimistic as they wait for the BOE’s announcement later this week.
As traders remain cautious ahead of a flurry of speeches by Bank of England (BOE) officials later this Monday, the GBP/USD is reversing a small slide below 1.3100, but stays practically flat on the day.
The US dollar is off multi-day highs versus key rivals, but it still maintains a large amount of last week’s rally, limiting cable’s potential. To make matters worse, the bond sell-off has extended into a new week, with Treasury rates returning to three-year highs amid hawkish Fed rhetoric.
The FOMC minutes will be crucial for cable traders this week, since BOE Governor Andrew Bailey’s address is scheduled for the following day. When questioned about the May rate decision, Bailey indicated last Monday that the environment is still quite fragile.
On the daily chart of the GBP/USD, the pair is defending the key rising trendline support around 1.3104.
If the former is broken on a daily basis, a new downswing will begin, leading to the previous week’s low of 1.3051.
The multi-week lows of 1.3000, which were touched in mid-March, are the next negative target.
The pair finished the week below the crucial bearish 21-Daily Moving Average (DMA) resistance, which is presently around 1.3129, indicating that dip buyers should proceed with care.
Furthermore, the 14-day Relative Strength Index (RSI) is still slow below the midline, indicating that bears have space to stretch their muscles.
![](https://i0.wp.com/tresorfx.com/wp-content/uploads/2022/04/image-1.png?resize=1024%2C504&ssl=1)
Acceptance over the 21-DMA support-turned-resistance is, however, required to begin a sustained rebound toward the previous week’s high of 1.3190.
Bulls will next prepare for a challenge of 1.3298, the three-week high.
GBP/USD: Additional technical levels
GBP/USD
OVERVIEW | |
---|---|
Today last price | 1.3112 |
Today Daily Change | 0.0002 |
Today Daily Change % | 0.02 |
Today daily open | 1.3113 |
TRENDS | |
---|---|
Daily SMA20 | 1.313 |
Daily SMA50 | 1.3347 |
Daily SMA100 | 1.3383 |
Daily SMA200 | 1.356 |
LEVELS | |
---|---|
Previous Daily High | 1.3152 |
Previous Daily Low | 1.3086 |
Previous Weekly High | 1.319 |
Previous Weekly Low | 1.3051 |
Previous Monthly High | 1.3438 |
Previous Monthly Low | 1.3 |
Daily Fibonacci 38.2% | 1.3111 |
Daily Fibonacci 61.8% | 1.3127 |
Daily Pivot Point S1 | 1.3082 |
Daily Pivot Point S2 | 1.3051 |
Daily Pivot Point S3 | 1.3017 |
Daily Pivot Point R1 | 1.3148 |
Daily Pivot Point R2 | 1.3182 |
Daily Pivot Point R3 | 1.3213 |
[geoswitch_country]'s wealthiest traders share their secret trading strategy in the Extreme FX Wealth eBook. Register now and download!
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)
Open Demo Account Open Live Account
This is how you can make €1000 income daily!
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)
Open Demo Account Open Live Account
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!