How To Make Money Today: Daily Market Analysis and Forex Trading Signals 7 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!
USD/CHF:
On the H4, with price moving above the ichimoku cloud and the recent break of the channel, we have a bias that price will rise to our 1st resistance at 0.93696 in line with the 61.8% Fibonacci retracement from our 1st support at 0.93001 in line with the horizontal pullback support. Alternatively, price may break 1st support structure and head for 2nd support at 0.92270 in line with the swing pullback support.
Areas of consideration
- 1st support level at 0.93001
- 1st resistance level at 0.93696
The USD/CHF exchange rate is hovering around 0.9330 ahead of the Swiss Unemployment Rate.
- After a sharper upward rise following the publication of the FOMC minutes, USD/CHF is bouncing in a band of 0.9304-0.9344.
- The FOMC predicts that the Fed will raise interest rates by 50 basis points or more.
- The unemployment rate in Switzerland is 2.2 percent, which is unchanged from the previous number.
After a significant upward advance from the March 31 low to around 0.9200, the USD/CHF pair is bouncing in a tight range of 0.9304-0.9344. The pair has stayed bullish despite increased predictions of a Federal Reserve interest rate rise of 50 basis points (bps) (Fed).
Investors should expect higher interest rates, according to Fed officials, since the Fed has exhausted all other quantitative options for containing surging inflation. In addition, the strong labour market, which has seen the unemployment rate fall to 3.6 percent since February 2020, necessitates an interest rate rise to keep inflation under control.
Meanwhile, the market has been shaken by the publication of the Federal Open Market Committee (FOMC) minutes on Wednesday. According to the minutes of the Fed’s March monetary policy meeting, the balance sheet reduction should be done at a faster rate than in the 2017-19 episode. In addition, the Fed should raise interest rates by 50 basis points or more to relieve the excessive inflation pressure.
On the Swiss calendar, investors await the publication of the Unemployment Rate, which will provide insight into the Swiss National Bank’s (SNB) expected monetary policy position in the future. According to market expectations, the Swiss State Secretariat for Economic Affairs (SOEC) will publish the Unemployment Rate at 2.2 percent, unchanged from the previous print.
USD/CHF
| OVERVIEW | |
|---|---|
| Today last price | 0.9331 |
| Today Daily Change | 0.0036 |
| Today Daily Change % | 0.39 |
| Today daily open | 0.9295 |
| TRENDS | |
|---|---|
| Daily SMA20 | 0.9315 |
| Daily SMA50 | 0.9264 |
| Daily SMA100 | 0.9236 |
| Daily SMA200 | 0.9214 |
| LEVELS | |
|---|---|
| Previous Daily High | 0.9298 |
| Previous Daily Low | 0.9238 |
| Previous Weekly High | 0.9382 |
| Previous Weekly Low | 0.9195 |
| Previous Monthly High | 0.946 |
| Previous Monthly Low | 0.915 |
| Daily Fibonacci 38.2% | 0.9275 |
| Daily Fibonacci 61.8% | 0.9261 |
| Daily Pivot Point S1 | 0.9256 |
| Daily Pivot Point S2 | 0.9216 |
| Daily Pivot Point S3 | 0.9195 |
| Daily Pivot Point R1 | 0.9317 |
| Daily Pivot Point R2 | 0.9338 |
| Daily Pivot Point R3 | 0.9377 |
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!
