How To Make Money Today: Daily Market Analysis and Forex Trading Signals, May 4, 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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USD/CHF:

On the H4, we expect that price will potentially reverse from 1st resistance level of 0.97986 in line with a major 127.2% fibonacci extension towards the 1st support level of 0.96723 in line with 23.6% fibonacci retracement. Alternatively, price may head for 2nd resistance at our daily resistance.

Areas of consideration

  • 1st support level at 0.96723
  • 1st resistance level at 0.97986

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