How To Make Money Today: Dow Jones Daily Market Analysis and Forex Trading Signals, May 31, 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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Dow Jones Industrial Average Analysis:

On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 32646 where the 38.2% Fibonacci retracement is from our 1st resistance at 33133 in line with the swing high resistance. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance is.

Areas of consideration :

H4 time frame, 1st resistance at 33133
H4 time frame, 1st support at 32646

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