No Signal Service Between 29/4/24 And 13/5/24
We will be on vacation from 29/4/24 until 13/5/24 so there will be no signal service during that period.
All the best until then!
The MaiMarFX Team
We will be on vacation from 29/4/24 until 13/5/24 so there will be no signal service during that period.
All the best until then!
The MaiMarFX Team
Prices fluctuated sharply yesterday and provided almost no profitable trading chance in terms of our signal entries. The U.S. dollar fell on the GDP figure disappointment but turned around straight as traders factored in the PCE increases. Today’s Core PCE Price index, scheduled for release at 12:30 GMT is expected to come in at 2.6 percent.
However, the market fully priced in a 25bp rate cut in November, which is why today’s release is unlikely to be the game changer.
As always, we wish everyone a beautiful weekend!
Note that we will be on vacation from 29/4/24 until 13/5/24 so there will be no signal service during that period.
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.
Our trading ideas for today 26/4/24:
EUR/USD
Long @ 1.0760
Short @ 1.0670
GBP/USD
Long @ 1.2515
Short @ 1.2490
DAX® (GER40)
Long @ 18060
Short @ 17990
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.
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2024 MaiMarFX.
The U.S. dollar weakened but its recent sell-off may be short-lived, provided that economic growth in the U.S. exceeds expectations.
The U.S. GDP report is due for release today at 12:30 GMT.
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.
Our trading ideas for today 25/4/24:
EUR/USD
Long @ 1.0725
Short @ 1.0670
GBP/USD
Long @ 1.2510
Short @ 1.2415
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.
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2024 MaiMarFX.
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.
Our trading ideas for today 24/4/24:
EUR/USD
Long @ 1.0715
Short @ 1.0690
GBP/USD
Long @ 1.2470
Short @ 1.2390
DAX® (GER40)
Long @ 18260
Short @ 18190*
Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30
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.
Welcome to a new trading week. The focus this week will be on two significant economic data releases that could increase volatility in the U.S. dollar crosses. First will be the U.S. GDP for the first quarter (Thursday) and second the March’s core PCE data (Friday), the key inflation gauge for the Federal Reserve. Should both readings prove hotter-than-expected, traders could bet on the Fed maintaining higher interest rates for longer – a bullish outcome for the U.S. dollar.
Furthermore, geopolitical developments will play a major role and if there are signs of a potential de-escalation in the Middle East, the dollar could give up recent gains.
Risk management: We will start by a very low risk this week per trade since there are no major catalysts at the beginning of this week.
Let’s wait and see.
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.
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 2024 MaiMarFX.
As for the price development not much has happened so far this week. Yesterday we saw the euro and British pound correcting some of their losses against the U.S. dollar but movements were limited and thus, not really profitable in terms of our daily signals.
We assume that this minor correction could be extended in very short-term timeframes, with the area at around 1.0750 in the EUR/USD and 1.25-1.2550 in the GBP/USD seen as a next price target within that correction.
However, we recommend traders to not expect too much when no major catalysts are scheduled on the fundamental docket. Better trade with small position or stay on the sidelines until volatility accelerates.
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.
Our trading ideas for today 18/4/24:
EUR/USD
Long @ 1.0710
Short @ 1.0640
GBP/USD
Long @ 1.2510
Short @ 1.2440
DAX® (GER40)
Long @ 17860
Short @ 17760
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 2024 MaiMarFX.
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.
Our trading ideas for today 16/4/24:
EUR/USD
Long @ 1.0640
Short @ 1.0585
GBP/USD
Long @ 1.2475
Short @ 1.2415
DAX® (GER40)
Long @ 17840
Short @ 17760
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.
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2024 MaiMarFX.
Der Euro ist am Freitag gegenüber dem US-Dollar auf ein neues Tief gefallen. Die psychologische Marke von 1,07 wurde nach unten durchbrochen, was zu einem Rückgang auf 1,06 und damit in den überverkauften Bereich führte. Die dovische Haltung der Europäischen Zentralbank legte den Grundstein für den Abschwung des Euro, während Händler nun erwarten, dass die EZB die erste Zentralbank sein wird, die die Zinsen noch früher und deutlich vor der Fed senkt.
EUR/USD
Der Euro fiel auf einen Tiefstand von 1,0622, und angesichts der Stärke dieser jüngsten Abwärtsbewegung auf der einen Seite und der geopolitischen Spannungen und der Inflation auf der anderen Seite erwarten wir weitere Abwärtsdynamik. Die nächsten tieferen Ziele (rote Linien) werden bei 1,0520 und 1,0450 gesehen.
Der Greenback hat wieder an Aufmerksamkeit gewonnen, nachdem die unerwartet hohe US-Inflation eine hawkische Neubewertung des Dollars erzwungen hat. Auch an der geopolitischen Front dürfte der Dollar angesichts der Eskalation des Krieges im Nahen Osten erstmal gestützt bleiben.
Wie der EUR/USD ist auch der Cable stark gefallen, und der Abwärtstrend könnte sich noch ausweiten.
GBP/USD
Nach dem Bruch der 1,25 richten wir unser Augenmerk auf die unteren Unterstützungsbereiche um 1,2380 und 1,23. Ein Durchbruch unter 1,2270 könnte sogar zu einem Rückgang in Richtung 1,22 führen. Auf der Oberseite könnte der Bereich um 1,26 nun als Widerstand fungieren.
DAX
Der Überflieger-Index hat korrigiert. Eine wichtige Unterstützung könnte bei 17600-17500 liegen, von wo aus Käufer wieder einsteigen könnten. Der allgemeine Aufwärtstrend bleibt intakt, solange der DAX über 17000 oszilliert.
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.
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.
The euro fell to a fresh low on Friday against the U.S. dollar. The psychological 1.07-barrier broke to the downside, giving way to a fall towards 1.06 and thus, a dip into oversold territory. The European Central Bank’s dovish stance laid the groundwork for the euro’s downturn while traders now expect the ECB to be the first central bank to cut rates even earlier and clearly before the Fed.
EUR/USD
The euro dropped to a low of 1.0622 and given the strength of that latest bearish move on the one side and geopolitical tension and inflation on the other side, we expect further bearish momentum. Next lower targets (red lines) are seen at 1.0520 and 1.0450.
The greenback has regained attention after higher-than-expected U.S. inflation forced a hawkish repricing in the dollar. Also on the geopolitical front, the dollar is likely to remain supported amidst the escalation of the war in the Middle East.
The cable, like the EUR/USD has dropped sharply and the bearish move has the potential to extend.
GBP/USD
After 1.25 broke we turn our focus to lower support areas around 1.2380 and 1.23. A break below 1.2270 could even result in a dip towards 1.22. On the upside, the area around 1.26 could now act as a resistance.
DAX
The highflying index has corrected. A crucial support could come in at 17600-17500 from where buyers may jump back in. The general uptrend remains intact as long as the DAX oscillates above 17000.
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.
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 2024 MaiMarFX.
What a trading day!
The hotter-than-expected U.S. inflation numbers sent the U.S. dollar soaring and all of our yesterday’s short entries in both EUR/USD and GBP/USD have proved highly profitable. The still high inflation diminished hopes for a Federal Reserve June rate cut, an expectation that was unthinkable at the start of this year, when the consensus view was for six cuts, beginning already in March! This repricing sent Treasury yields and consequently the greenback soaring.
The EUR/USD crushed again below 1.0830 but found some halt at the 1.0720-support area. Falling below 1.0720 will turn the focus to a potential break of 1.07 and possible a dip towards 1.0650. Euro bulls will take a backseat until a renewed break above 1.0880.
The GBP/USD fell towards its 2024-low at 1.2518 and traders are curious whether the support around 1.25 could now break.
Today, the European Central Bank is set to decide on its monetary policy guidance but the ECB is largely expected to point towards the start of rate cuts in June. Traders do not expect today’s announcement to be a huge market mover since the rate cut timeline has already communicated by ECB officials. However, the press conference at 12:45 GMT may increase volatility across the euro currency pairs.
Let’s wait and see.
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.
Our trading ideas for today 11/4/24:
EUR/USD
Long @ 1.0785
Short @ 1.0720
Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30
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 2024 MaiMarFX.
We are Maite & Marios Krausse, both born in Germany and trade full time in the Foreign Exchange Market (Forex) as independent traders.
Our teamwork began in 1998, when we got to know and love each other. 20 years later after having built our careers, our son was born, making us a happy family. Continue reading...
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