How To Make Money Today: Daily Market Analysis and Forex Trading Signals, June 7, 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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On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 0.97642 where the 38.2% Fibonacci retracement is from our 1st support at 0.96602 in line with the pullback resistance and 23.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 0.95548 where the swing low support is.

Areas of consideration

1st support level at 0.96602
1st resistance level at 0.97642

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