DAX Tests 15200, Pound Sterling Above 1.23

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After several lossmaking fakeouts this week the DAX finally broke above 15200 and is currently testing that level on its hold as a higher support. If the price area between 15150 and 15200 holds, we may see a further leg up towards 15500. On the other side, a significant breakout below 15000 would change the sentiment in favor of the bears.

The best performer yesterday was the British pound which erased previous losses and climbed up to 1.23. Above 1.22, a next higher target is seen at 1.2450.

DAX® (GER40)

Long @ 15230

Short @ 15130

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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Loss-Making DAX

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The British pound dropped towards 1.2170 against the greenback and we were able to pocket some profits with two sell orders yesterday. Our short entry in the DAX, however, proved unprofitable which is why we had to record two losing trades. We will now keep an eye on breakouts below 15080 or above 15160.

Let’s see what today has in store in terms of profitable trades.

Our trading ideas for today 17/1/23:

EUR/USD

Long @ 1.0840

Short @ 1.0785

GBP/USD

Long @ 1.2215

Short @ 1.2165

DAX® (GER40)

Long @ 15160

Short @ 15080

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.

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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Trading Signals 16/1/23

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Our trading ideas for today 16/1/23:

EUR/USD

Long @ 1.0875

Short @ 1.0815

GBP/USD

Long @ 1.2260

Short @ 1.2210

DAX® (GER40)

Long @ 15160

Short @ 15090

 

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.

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.

Nach kleinen Gewinnen Ausschau halten

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Willkommen zu einer neuen Handelswoche.

EUR/USD: Wie bereits letzte Woche angedeutet, gab es ein bullisches Ausbruchsmuster und Bullen nutzten diese Gelegenheit vor dem Hintergrund eines schwächelnden U.S. Dollars und trieben den Euro über die 1.08-Schwelle hinaus. Auch wir konnten letzte Woche gute Gewinne im Euro einfahren. Wo könnte die Reise nun hingehen? Der Euro hat seit September kräftig zugelegt und dabei nur wenig korrigiert. Da die Märkte aber nie geradlinig immer nur in eine bestimmte Richtung tendieren, rechnen wir mit einer baldigen und notwendigen Korrektur. Eine aktuelle Unterstützung könnte bei rund 1.06 liegen. Sollte 1.08 jedoch standhalten, müssten sich Bullen auf den kurzfristigen Zielbereich bei rund 1.1180 konzentrieren.

GBP/USD: Die Schwingungen der letzten Woche ließen zu wünschen übrig und leider kam es zu mehr verlustreichen Fehlausbrüchen als zu gewinnbringenden Ausbrüchen. Aber auch diese Phasen gehören zum Daytrading dazu. Wollen wir sehen wie es diese Woche weitergeht. Die Aufwärtstendenz ist derweil intakt. Oberhalb von 1.2350 müsste ein erneuter Test der 1.24-Region erfolgen und könnte dann im positiven Ausbruchsfall in einer Aufwärtsbewegung bis 1.26 enden. Eine wichtige Unterstützung liegt bei 1.20.

DAX: Der Index zeigte sich von seiner starken Seite und erklomm die 15000-Hürde. Ein paar gute Wochengewinne konnten auch hier letzte Woche erzielt werden. Sollte der DAX oberhalb von 14500 verbleiben, so blicken wir der 16000-Schwelle entgegen.

Mit großer Volatilität rechnen wir am Anfang der Woche nicht. In den USA ist Feiertag und die Märkte bleiben feiertagsbedingt geschlossen. Trader sollten sich daher auf kleinere Gewinne konzentrieren.

Handelssignale:

Wenn auch Sie wissen möchten, wo wir unseren Stopp-Loss und Take-Profit setzen und ob wir an einem bestimmten Tag handeln oder nicht, sowie wie wir unsere Positionen managen, dann abonnieren Sie unseren Signalservice.

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 © 2023 MaiMarFX.

www.maimar.co

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Look For Small Profits

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Welcome to a new trading week.

EUR/USD: As indicated last week, there was a bullish breakout pattern and bulls took advantage of this opportunity against the backdrop of a weakening U.S. dollar, driving the euro above the 1.08 threshold. We were able to pocket some good gains in the euro last week. Where could the euro be headed now? The euro has rallied strongly since September with little correction. However, since the markets never tend straight-lined in a particular direction, we expect a (necessary) correction soon. A current support could come in at around 1.06. However, if 1.08 holds, bulls would have to focus on a short-term target area at around 1.1180.

GBP/USD: Last week’s oscillations left much to be desired and unfortunately, there were more loss-making false breakouts than profitable price breakouts. But these phases are also part of day trading. Let’s see how it continues this week. Meanwhile, the upward trend is intact. Above 1.2350, we could see a retest of the 1.24 area which could result in an upward movement to 1.26. An important support is currently seen at 1.20.

DAX: The index showed its strength and took off the 15000-hurdle. A few good weekly gains were achieved last week. If the DAX remains above 14500, we are looking towards the 16000 threshold.

We do not expect high volatility at the beginning of the week. It is the Martin Luther King Day in the U.S. and the markets remain closed for the holiday. Traders should therefore focus on smaller profits.

Daily Forex and DAX 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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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U.S. Dollar Lower Post CPI

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The U.S. inflation report for December came in as expected at 6.5 percent, down from November’s 7.1 percent result. Treasury yields and the U.S. dollar turned lower.

The euro broke above 1.08 against the dollar while the DAX held above the crucial 15000-mark.

We had some good results in the EUR/USD and DAX this trading week. We remind you to save some weekly profits today. The only problem child was the cable which remains in the red for now.

We wish you a beautiful weekend.

Our trading ideas for today 13/1/23:

EUR/USD

Long @ 1.0875

Short @ 1.0815

GBP/USD

Long @ 1.2235

Short @ 1.2175

DAX® (GER40)

Long @ 15120

Short @ 15040

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.

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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All Eyes On U.S. CPI

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Traders await the U.S. inflation data today at 13:30 UTC.

If CPI data shows a softening in inflation, it would be a stronger case for a smaller 25bp rate hike at the Fed’s next meeting in February. Nonetheless, Fed officials expect rates to remain above 5 percent for a long time- something the markets refuse to believe.

Our trading ideas for today 12/1/23:

EUR/USD

Long @ 1.0780

Short @ 1.0715

GBP/USD

Long @ 1.2180

Short @ 1.2130

DAX® (GER40)

Long @ 15010

Short @ 14930

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.

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.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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EUR/USD: Inverted Head-shoulder Pattern To Predict Further Gains?

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EUR/USD: Inverted head-shoulder pattern to predict further gains?

The euro held firmly above 1.05, exiting its primary downtrend channel, and is now flirting with the upper 1.07-area. Will we see a next leg up towards 1.12 or possibly 1.14? Chances for a bullish breakout increase as long as the common currency remains above 1.0450 and climbs above 1.08.

For the sentiment to shift from bullish to bearish, however, we must see a fall below 1.03.

Next interesting data release will be tomorrow’s U.S. CPI which could set the tone for the coming days.

Daily Forex and DAX 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 2023 MaiMarFX.

www.maimar.co

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Bumpy Start

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The week started off with some losing trades Monday morning but towards the end of the trading day we were able to catch some profits with our buy orders in the EUR/USD and DAX.

Our trading ideas for today 10/1/23:

EUR/USD

Long @ 1.0760

Short @ 1.0710

GBP/USD

Long @ 1.2180

Short @ 1.2135

DAX® (GER40)

Long @ 14760

Short @ 14670

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.

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.

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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Daily Trading Signals 9/1/23

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Dear traders,

Happy New Year everyone!

The U.S. dollar came under renewed selling pressure after U.S. payrolls showed a 226k net increase in December, modestly beating expectations and dampening economic concerns.

What’s up next: We have the market’s favorite inflation indicator, the CPI index, due for release on Thursday.

Let’s see what our first trading week of the year will bring.

Our trading ideas for today 9/1/23:

EUR/USD

Long @ 1.0710

Short @ 1.0675*

GBP/USD

Long @ 1.2170

Short @ 1.2140*

DAX® (GER40)

Long @ 14720

Short @ 14640

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.

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.

We wish you good trades!

Any and all liability of the author is excluded.