How To Make Money Today: USD/CAD Daily Market Analysis and Forex Trading Signals 12 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…

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USD/CAD:

On the H4, we expect a potential for bearish reversal from 1st resistance level of 1.26551 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection towards to 1st support level of 1.25416 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at resistance level.

Areas of consideration:

H4 time frame, 1st support at 1.26551
H4 time frame, 1st resistance at 1.25416

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