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 and the trading strategy to use today. 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/JPY:

Price is abiding by the ascending trendline and is on a bullish momentum. We expect price to have a rise from 1st support level of 127.542 in line with 23.6% Fibonacci retracement towards the 1st resistance level of 129.832 in line with previous horizontal swing high. If price breaks through the 1st support level, it will trigger a dip towards the 2nd support level of 125.128 which is in line with 50% Fibonacci retracement.

Areas of consideration:

  • H4 time frame, 1st resistance at 129.832
  • H4 time frame, 1st support at 127.542
  • H4 time frame, 2nd support at 125.128

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