Profitable Trading Week

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Dear traders,

It has been a very profitable week for us and we recommend traders to save the profits now and sit back and watch the market. While there still might be some profitable opportunity today we note that today is the last trading day of the month, so why risking any gains now?

Our performance in January 2021:

+472 pips with a realized gain of $ 1888 by a very low risk of 1 percent on a 10K trading account and $ 4720 by a risk of 2.5 percent on a 10K trading account.

We wish you a beautiful weekend!

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Daily Forex Signals

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The U.S. dollar advanced pre-FOMC and short traders in the EUR/USD and GBP/USD profited.

The Federal Reserve left their main interest rates unchanged and made clear it was nowhere near exiting its massive support for the economy.

Technically, we saw the EUR/USD testing its support at 1.2058 from where buyers were swooping in. If price falls below 1.2050, we pay attention to a lower target at 1.1950. Bulls should however wait for a renewed break above 1.2160.

The GBP/USD declined amid the market’s setback and short traders may wait for a break below 1.3635 in order to sell pounds towards 1.3580-50.

Elsewhere, the DAX dropped like a stone and we now focus on the lower support around 13300. Below 13240 a next crucial level will be 13000. On the upside we see a resistance at 13900 that could limit near-term upswings.

Daily Forex Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals

EUR/USD

Long @ 1.2140

Short @ 1.2080

GBP/USD

Long @ 1.3710

Short @ 1.3635

DAX® (GER30)

Long @ 13620

Short @ 13410

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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The Fed is Unlikely to Surprise the Market

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The British pound rose to a high of 1.3750 against the U.S. dollar and analysts predict that sterling will continue to outperform against other peers. One of the reasons for the pound’s strength is the vaccine rollout in the U.K. which is going better than almost anywhere else. While vaccine rollouts elsewhere are lagging, Britain has immunized around five times as many people as a proportion of its population than the European Union. Pound traders bet on a sterling comeback on the back of optimism that the economy will find its footing faster than other peers. Some analysts even predict that the pound could advance 20 percent against the euro.

Looking at the GBP/USD chart, chances are in favor of further bullish momentum with a higher target at 1.3850. For bearish momentum to gain traction we would need to see the pound declining again below 1.3630.

The EUR/USD remained trading within a relatively narrow price range between 1.2176 and 1.2107. We will now focus on price breakouts either above 1.2220 or below 1.2115 that could reinvigorate fresh momentum.

Today the focus turns to the Federal Reserve policy decision and Fed Chair Jerome Powell is expected to strike a cautious tone when it comes to curbing the Fed’s massive asset purchases, even though the economic outlook has brightened further thanks to the expected big budgetary boost from U.S. President Joe Biden. Even if some market participants may hope for a change in the Fed’s ultra-dovish policy stance, the most likely scenario is that the central bank maintains the current guidance indicating that monetary policy will remain ultra-loose for at least another year.

In other words, we do not expect any surprises at today’s decision but if the Fed sends a relatively more hawkish message, the U.S. dollar will strengthen in response.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Daily Forex Signals

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Daily Forex Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals

EUR/USD

Long @ 1.2160

Short @ 1.2115

GBP/USD

Long @ 1.3690

Short @ 1.3630

DAX® (GER30)

Long @ 13660

Short @ 13610

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Short Traders Profit Amid Increasing Risk Aversion

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Dear traders,

Investors mulled the possibility that a U.S. fiscal-relief package might be delayed and the U.S. dollar advanced amid increasing risk aversion.

On the pandemic front, vaccine coverage won’t reach a point that would stop transmission of the virus in the foreseeable future, the World Health Organization said Monday.

Short traders in the EUR/USD, GBP/USD and DAX were able to take some profits with the DAX being the worst performer yesterday. The index dropped more than 3 percent to a low of 13600 and if there is a sustained decline below 13600, we brace for lower targets at 13450-13400 and 13300.

EUR/USD: After the pair failed to overcome the 1.22-mark, a correction was inevitable. Lower targets are now at 1.2050 and 1.1950, whereas on the upside we see a short-term resistance at around 1.2240.

GBP/USD: Traders should pay attention to price breaks either above 1.37 or below 1.36 which could invigorate fresh momentum.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Euro And Pound Poised For Further Strength But be Careful

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Friday saw the euro tread water with the price reluctant to push above the 1.2180-mark. Thus, the technical picture in the EUR/USD has not fundamentally changed and we still anticipate another leg up towards 1.2250-70. If the pair is however unable to steady above 1.22 traders will focus on lower targets at 1.20 and 1.1960.

The U.S. dollar accelerated against other peers Friday as investors mulled the prospects for stimulus amid the worsening pandemic. There are warnings of longer and stricter lockdowns in the wake of mutant Covid-19 strains which might hinder a near-term economic recovery. The U.K.’s health minister warned that coronavirus vaccines may be less effective against new variants of the disease.

As for Wednesday’s Federal Reserve policy meeting, market participants hope that Federal Reserve Chair Jerome Powell will provide reassurance that $120 billion of monthly bond purchases won’t be tapered any time soon. Generally speaking, economists do not expect quantitative easing to be scaled back until 2022 so traders should not expect any surprises at the Fed’s meeting.

GBP/USD

The British pound managed to climb back above 1.37 after Friday’s depreciation against the U.S. dollar. Looking at the technical picture all signs are pointing to a further uptrend with a higher target seen at around 1.38. Sterling bears, on the other side, may focus on a decline below 1.36 in order to anticipate increased bearish momentum.

Daily Forex Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Zeichen stehen zugunsten weiterer Stärke im Euro und Pfund, jedoch ist Vorsicht geboten

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Der Euro trat am Freitag auf der Stelle und weigerte sich über die 1.2180-Schwelle hinaus zu klettern. Somit hat sich das technische Bild im EUR/USD nicht wesentlich verändert, wobei wir momentan immer noch mit einer Aufwärtsbewegung in Richtung von 1.2250-70 rechnen. Schafft es das Paar hingegen nicht sich oberhalb von 1.22 zu stabilisieren, muss mit tieferen Zielen bei 1.20 und 1.1960 gerechnet werden.

Der U.S. Dollar verteuerte sich derweil am Freitag gegenüber anderen Gegenspielern denn Investoren überdenken die Aussichten auf Stimulus inmitten der schlechter werdenden Pandemie. Es gibt Warnungen vor längeren und strikteren Lockdowns im Zuge der Covid-19 Virusmutationen welche eine naheliegende Wirtschaftserholung verhindern könnten. U.K. Gesundheitsminister warnen indes davor, dass die Coronavirus Impfung eventuell weniger effektiv auf neue Varianten der Erkrankung anspricht.

Was das Federal Reserve Treffen am Mittwoch anbetrifft, so hoffen Marktakteure, dass Fed Präsident Jerome Powell versichern wird, dass die monatlichen Anleihekäufe in Höhe von 120 Milliarden U.S. Dollar zu keiner näheren Zeit reduziert werden. Generell erwarten Ökonomen ohnehin keine Verminderung der quantitativen Lockerungen bis 2022. Somit sollten Trader auch keine Überraschungen auf dem Fed Treffen erwarten.

GBP/USD

Das Britische Pfund schaffte es wieder über 1.37 zu klettern nachdem es am Freitag zugunsten des Dollars ging. Schauen wir auf das technische Bild, so stehen alle Zeichen zugunsten des Aufwärtstrends mit einem höheren Ziel bei rund 1.38. Sterling Bären auf der anderen Seite könnten sich auf einen Rutsch unter 1.36 konzentrieren um von gesteigerter Bärendynamik auszugehen.

Wir wünschen gute Trades!

Der Inhalt des Beitrags spiegelt die persönliche Meinung des Autors wider. Dieser übernimmt für die Richtigkeit und Vollständigkeit keine Verantwortung und schließt jegliche Regressansprüche aus. Dieser Beitrag stellt keine Kauf- oder Verkaufsempfehlung dar.

Copyright © 2021 MaiMarFX.

www.maimar.co

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Daily Forex Signals

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Dear traders,

The euro did not surprise traders and rallied after the European Central Bank decided to keep interest rates and stimulus efforts unchanged. However, the 1.2170-mark proved to be challenging – as expected – and the euro bounced off that short-term resistance level.

As we wrote in yesterday’s post, chances are still in favor of the bulls but be careful – gains could be limited.

While maintaining the ECB’s stimulus after the December boost is good news, ECB President Christine Lagarde warned that the euro-area economy is headed for a double-dip recession.

The resilient euro doesn’t seem to confirm these warnings.

Have a beautiful and healthy weekend everyone!

Daily Forex Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals

EUR/USD

Long @ 1.2180

Short @ 1.2135

GBP/USD

Long @ 1.3715

Short @ 1.3665

DAX® (GER30)

Long @ 13920

Short @ 13840

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

ECB Decision to Prove as Non-Event?

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The anti-risk U.S. dollar started this day with another round of weakness on optimism that U.S. fiscal spending will revive economic growth. Yesterday however, we saw the dollar slightly appreciating against the euro but bearish momentum was not strong enough to send the EUR/USD below 1.2070.

The GBP/USD surged to a high of 1.3718 but failed to hold onto its high level and the pair is currently trading again below 1.37. We now focus on a trading range between 1.3780 and 1.3580.

The DAX treated water recently and we saw the index fluctuating within a relatively narrow price range between 14000 and 13700. This could however change in the near-term and we brace for larger market moves and pencil in a trading range between 14400 and 13800.

Today the focus will be on the European Central Bank policy decision and while no changes are expected, traders will have a close eye on ECB President Christine Lagarde. If she sounds more optimistic than the market expects we could see the euro rallying but most of Lagarde’s recent upbeat tone is already priced in into the euro’s strength, which is why today’s decision could prove to be a non-event.

The ECB appears to be on track to retain its current policy amid worries about new coronavirus strains, political tensions in Italy and the euro’s strength that dampens the rebound in inflation.

While chances are still in favor of the bulls, we expect potential gains to be limited until 1.2250 but it all depends on the market’s risk appetite.

Good trades!

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

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U.S. Dollar zieht sich zurück – weitere Gewinne im EUR/USD und GBP/USD?

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Dienstags stärkster Performer war der Euro, welcher in Richtung seines aktuellen 1.2150-Widerstandes kletterte. Die jüngste Stärke im U.S. Dollar war bisher nur von kurzer Dauer und sollte es dem Euro gelingen, oberhalb von 1.2180 auszubrechen, könnten wir eventuell weitere Gewinne gen 1.2270 zu Gesicht bekommen. Die Chancen stehen momentan jedenfalls zugunsten weiterer Bullenbewegung im EUR/USD.

Die künftige U.S. Finanzministerin Janet Yellen unterstützte derweil Bidens Billionen Hilfspaket in ihrer gestrigen Anhörung vor dem Senat und sprach sich gegen eine gezielte Schwächung des Dollar-Kurses aus. Yellens Kommentare unterstützen die Reflationshoffnungen und dienen am Markt als Hintergrund für mehr Risikobereitschaft. Der U.S. Dollar erweiterte seinen Rückzug.

Heute Nachmittag wird Joe Biden als neuer U.S. Präsident in Washington eingeschworen. Ob dies jedoch einen Einfluss auf die Volatilität am Markt hat, bleibt abzuwarten.

GBP/USD

Das Pfund konnte sich oberhalb von 1.36 stabilisieren nachdem ein Halt bei 1.3520 gefunden wurde. Seitdem sich das Paar allerdings kurzfristig wieder im überkauften Bereich befindet, rechnen wir nun mit Korrekturbewegungen.  Die 1.3550-Region könnte dabei als Unterstützung dienen. Auf der Oberseite könnten potentielle Gewinne hingegen bis 1.3750-80 begrenzt bleiben.

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Wir wünschen gute Trades!

Der Inhalt des Beitrags spiegelt die persönliche Meinung des Autors wider. Dieser übernimmt für die Richtigkeit und Vollständigkeit keine Verantwortung und schließt jegliche Regressansprüche aus. Dieser Beitrag stellt keine Kauf- oder Verkaufsempfehlung dar.

Copyright © 2021 MaiMarFX.

www.maimar.co

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