How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 21 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…
On the H4 timeframe, price is dropping towards the ascending trendline. We see the potential for a bearish reversal from 1st resistance of 0.74568 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st support level of 0.73559 in line with78.6% Fibonacci projection, 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Our bearish bias is further supported by price being pushed down by Ichimoku cloud. However, there is a probability that price might break through the 1st resistance level to rise up towards 2nd resistance level of 0.75381 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.
Areas of consideration
- H4 1st resistance at 0.74568
- H4 2nd resistance at 0.75381
- H4 1st support at 0.73559
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