How To Make Money Today: Daily Market Analysis and Forex Trading Signals 6 April 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…
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/JPY:
On the H4 timeframe, prices are on strong bullish momentum. We see the potential for further bullish momentum from our 1st support at 123.147 in line with 38.2% Fibonacci retracement towards our 1st resistance at 124.281 in line with 78.6% Fibonacci Projection. Prices are trading above our ichimoku clouds, further supporting our bullish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 124.281
- H4 time frame, 1st support at 123.147
USD/JPY Price Analysis: Aiming for a six-year high of 125.10 USD/JPY
- The asset has been unbalanced due to the Darvas box chart structure bursting.
- The upside is still intact, according to advancing 20 and 50-period EMAs.
- In a positive range of 60.00-80.00, the RSI (14) has steadied.
After auctioning in a narrow-range box on March 28, the USD/JPY pair has become imbalanced and is reaching its new six-year high of 125.10. On Tuesday, the asset fell down after starting at 122.80, resulting in a bullish open rejection-reverse session. The major, on the other hand, was subjected to heavy bids to around 122.38 as investors opted for a ‘buy the dip’ strategy.
On the hourly scale, the structure shows a stronger breakout of a Darvas box chart pattern, which is depicted in the 121.30-123.00 zone. The Darvas box chart pattern explodes, resulting in increased volumes and volatility.
The 20- and 50-period Exponential Moving Averages (EMAs) at 123.35 and 123.00, respectively, are still scaling higher, indicating that the bullish bias is still in place.
Meanwhile, the Relative Strength Index (RSI) (14) has stabilized into a bullish range of 60.00-80.00, suggesting that additional gains are on the way.
If the round level resistance at 124.00 is broken, the asset will rise to a six-year high of 125.10, followed by a high of 125.86 on June 1, 2015.
The yen bulls, on the other hand, can control the asset if it falls below the 50-EMA at 123.00. This will bring the asset to lows of 121.98 and 121.31 on March 29 and 30, respectively.
USD/JPY
| OVERVIEW | |
|---|---|
| Today last price | 123.83 |
| Today Daily Change | 0.22 |
| Today Daily Change % | 0.18 |
| Today daily open | 123.61 |
| TRENDS | |
|---|---|
| Daily SMA20 | 120.36 |
| Daily SMA50 | 117.27 |
| Daily SMA100 | 115.78 |
| Daily SMA200 | 113.49 |
| LEVELS | |
|---|---|
| Previous Daily High | 123.67 |
| Previous Daily Low | 122.38 |
| Previous Weekly High | 125.1 |
| Previous Weekly Low | 121.28 |
| Previous Monthly High | 125.1 |
| Previous Monthly Low | 114.65 |
| Daily Fibonacci 38.2% | 123.17 |
| Daily Fibonacci 61.8% | 122.87 |
| Daily Pivot Point S1 | 122.77 |
| Daily Pivot Point S2 | 121.93 |
| Daily Pivot Point S3 | 121.48 |
| Daily Pivot Point R1 | 124.06 |
| Daily Pivot Point R2 | 124.51 |
| Daily Pivot Point R3 | 125.35 |
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!
