How To Make Money Today: 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…

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DXY:

On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 101.085 in line with the swing high resistance, 161.8% Fibonacci extension and 78.6% Fibonacci projection from our 1st support of 100.278 in line with the 23.6% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 99.434 in line with the 50% Fibonacci retracement. Our bullish bias is further supported by how price is expected to respect our ascending channel.

Areas of consideration:

H4 time frame, 1st resistance at 101.085
H4 time frame, 1st support at 100.278
H4 time frame, 2nd support at 99.434

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