May 2022 – Page 2

Is The U.S. Dollar’s Retreat Sustained?

May 18, 2022/in General News & Updates /by MaimarFX

The U.S. dollar has lost ground against other counterparts and some traders already speak of a shift in sentiment from bullish USD to bearish USD. There were no fundamental news headlines supporting the greenback’s pullback but the reason could have been a kind of ‘saturation point’ for dollar bulls after strong gains. In other words, the dollar’s retreat should be taken with a grain of salt, at least as long as important technical barriers (EUR/USD 1.0650, GBP/USD 1.2650) remain unbroken to the upside.

EUR/USD: Consolidation between 1.0650 and 1.0450?

The euro appreciated and traded above 1.05. We will now pay attention to price breakouts either above 1.0660 or below 1.0440.

The best performer yesterday was the British pound which strongly rose against the dollar, testing the 1.25-level. Gains could be even extended towards 1.26 and 1.2650 but below 1.24, we favor a bearish continuation.

Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

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Daily Forex, DAX And Crypto Signals 17/5/22

May 17, 2022/in General News & Updates /by MaimarFX

Daily Forex, DAX And Crypto 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 @ 1.0460

Short @ 1.0415

GBP/USD

Long @ 1.2370

Short @ 1.2325

DAX® (GER30)

Long @ 14090

Short @ 14040

ETH/USD

Long @ 2090

Short @ 2040

Monthly results 2022:

April 2022: +111 pips

March 2022: +689 pips

February 2022: +531 pips

January 2022: +766 pips

Results 2021:

December 2021: +61 pips

November 2021: +452 pips

October 2021: +165 pips

September 2021: +578 pips

August 2021: +135 pips

July 2021: +34 pips

June 2021: +264 pips

May 2021: +528 pips

April 2021: +278 pips

March 2021: +45 pips

February 2021: +42 pips

January 2021: +472 pips

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

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Follow The Trend Until It Ends

May 16, 2022/in General News & Updates /by MaimarFX

It’s the worst losing streak in the market since the 2008 financial crisis. Stock markets fall toward bear market, the euro drops toward parity with the U.S. dollar, the cable slides back toward 1.20 and also cryptocurrencies experience a major set-back. Market strategists expect this trend to continue and warn investors to prepare for a recession. While some optimistic traders are buying the dip while trying to pick a bottom, one thing is clear in a sell-off: You won’t know it’s over until long after it ends. And thus, we cannot predict what will happen and whether the sell-off will be over soon but we can follow the trend for now.

EUR/USD

We believe that the euro could slide even further touching 1.03 before it could try to recover some losses. A current resistance is seen at 1.06. We bear in mind that the pair’s all-time low is at 1.0340. A significant drop below 1.03 could see accelerated bearish momentum toward parity.