How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 22 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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AUD/USD:
On the weekly timeframe, price is near to the key support level. We see the potential of a bullish bounce from 1st support level of 0.72722 in line with 50% fibonacci retracement and 100% fibonacci projection towards the 1st resistance level of 0.75409 in line with 161.8% fibonacci extension.
On the daily timeframe, price is near the key support level, We see the potential of a bullish bounce from 1st support level of 0.73142 in line with 50% fibonacci retracement and 100% fibonacci projection towards the 1st resistance level of 0.75466 in line with 161.8% fibonacci extension.
On the H4 timeframe, price is near the key support level, We see the potential of a bullish bounce from 1st support level of 0.73558 in line with 61.8% fibonacci retracement towards the 1st resistance level of 0.74841 in line with 50% fibonacci retracement. Otherwise, price might break the key support level and head towards the 2nd support of 0.72483 which is in line with 78.6% fibonacci retracement and 61.8% fibonacci projection.
Areas of consideration
- H4 1st resistance at 74841
- H4 1st support at 73625
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