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How To Make Money Today: USD/CAD Daily Market Analysis and Forex Trading Signals, 31 May 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/CAD:

On the H4, with price expected to bounce off the stochastics, we have a bullish bias that price will rise to our 1st resistance at 1.27204 where the horizontal pullback resistance is from our 1st support at 1.27407 in line with the horizontal pullback support. 

Areas of consideration:

  • H4 time frame, 1st resistance at 1.27204
  • H4 time frame, 1st support at 1.27407

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