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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GBP/USD

On the H4 timeframe, we are seeing price is abiding by the descending channel and is on a bearish momentum. As price is trading below the Ichimoku cloud, it can potentially reverse from the 1st resistance level of 1.30665 in line with 50% fibonacci retracement and 61.8% Fibonacci projection towards the 1st support level of 1.29935 which is in line with 61.8% Fibonacci projection. Otherwise, price might break through the 1st resistance level and head towards the 2nd resistance level of 1.31475which is in line with 100% Fibonacci projection .

Areas of consideration:

H4 1st resistance at 1.30665
H4 2nd resistance at 1.31475
H4 1st support at 1.29935

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