DAX: Waiting For Price Breakouts After Days of Consolidation

The GBP/USD bounced off nearly 1.26 and slipped toward 1.2470. Short traders were able to profit from that bearish move. As stated in our analysis from Monday, we see a crucial resistance area between 1.26 and 1.2650, whereas on the downside, we expect a current support to come in at 1.24.

The DAX has not been one of our favorite trading instruments lately, since the index consolidated between 14250 and 13900. However, one thing is certain: A price breakout will come, probably very soon. We will focus on a price breakout above 14200 or a downside break below 13800.

Our trading idea for today 25/5/22:

DAX® (GER30)

Long @ 14060

Short @ 13990

We wish you good trades!

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Daily Forex, DAX And Crypto Signals 24/5/22

The euro broke above 1.0650 after European Central Bank President Christine Lagarde revealed in a blog post the prospective timetable for two quarter-point interest rate hikes by the end of the third quarter. Now that the EUR/USD broke above 1.0650, we shift our focus to higher support levels such as 1.0640 and 1.06. Remaining above 1.06 could see a run for 1.08 within the next days.

 Daily Forex, DAX And Crypto Signals:

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EUR/USD

Long @ 1.0675

Short @ 1.0640

GBP/USD

Long @ 1.2610

Short @ 1.2530

DAX® (GER30)

Long @ 14110

Short @ 14010

ETH/USD

Long @ 2030

Short @ 1970

 

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

 

Can The U.S. Dollar Regain Some Strength This Week?

The U.S. dollar retreated in the last week, pushing the euro and British pound higher into overbought territory as a result. This week, traders will watch the FOMC minutes (Wednesday) and the Federal Reserve’s preferred gauge of inflation, the PCE index (Friday). These reports may revive some strength in the greenback but we bear in mind that the market’s greatest concern is a U.S. recession with markets pricing out some Fed tightening in 2023.

GBP/USD – Should bulls dream of 1.30?

Positive U.K. data and a weakening dollar have helped to push the cable higher but the zone between 1.26 and 1.2650 (green ellipse) could come in as a crucial resistance. Moreover, the pair entered overbought territory, making corrections toward 1.24 more likely now. However, should bulls make their way up to 1.26 and even be able to push the cable above 1.2650, then there is little in the way of resistance before 1.30 comes into play. On the downside, we expect the 1.24-area to serve as a support.

EUR/USD – Nothing new between 1.0650 and 1.0450

Euro bulls aim to break above 1.06 despite the current overbought situation. If 1.0610 finally breaks to the upside, gains might be extended toward 1.0640-50 but it’s only a question of time when the euro will have to correct some of its gains. A current support-area is seen between 1.05-1.0450.

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.

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.

We wish you good trades!

Any and all liability of the author is excluded.

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Kann der U.S. Dollar diese Woche an Stärke zurückgewinnen?

Der U.S. Dollar gab in der letzten Woche nach und schickte im Gegenzug den Euro und das britische Pfund höher in den überkauften Bereich. In dieser Woche werden Trader das FOMC Protokoll (Mittwoch) und den von der Federal Reserve bevorzugten Inflationsindikator, den PCE-Index (Freitag), im Auge haben. Diese Berichte könnten dem Greenback eine gewisse Stärke zurück verleihen, jedoch behalten wir im Hinterkopf, dass die größte Sorge des Marktes eine U.S. Rezession bleibt. Daher werden Zinserhöhungen der Fed für 2023 bereits schon ausgepreist.

GBP/USD – Sollten Bullen von 1.30 träumen?

Positive Daten aus Großbritannien und ein schwächelnder Dollar haben dazu beigetragen, den Cable nach oben zu treiben, doch die Zone zwischen 1.26 und 1.2650 (grüne Ellipse) könnte sich als entscheidender Widerstand erweisen. Darüber hinaus erreichte das Paar den überkauften Bereich, was Korrekturen in Richtung 1.24 wahrscheinlicher macht. Sollten die Bullen jedoch bis auf 1.26 vordringen und das Pfund sogar über 1.2650 heben können, dann steht einem nächsten Widerstand bis 1.30 nur noch wenig im Weg. Auf der Unterseite erwarten wir, dass der Bereich um 1.24 erstmal als Unterstützung dienen wird.

EUR/USD – Nichts Neues, sofern zwischen 1.0650 und 1.0450 verbleibend

Die Euro Bullen streben trotz der aktuellen überkauften Situation einen Durchbruch über 1.06 an. Sollte 1.0610 schließlich nach oben durchbrochen werden, könnten die Gewinne in Richtung 1.0640-50 ausgeweitet werden. Dennoch ist es nur eine Frage der Zeit, wann der Euro einige seiner Gewinne korrigieren muss. Ein aktueller Unterstützungsbereich wird zwischen 1.05-1.0450 gesehen.

 

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 © 2022 MaiMarFX.

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Daily Forex, DAX And Crypto Signals 19/5/22

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 @ 1.0510

Short @ 1.0480

GBP/USD

Long @ 1.2410

Short @ 1.2335

DAX® (GER30)

Long @ 13940

Short @ 13840 Trade has hit profit target

ETH/USD

Long @ 1980

Short @ 1920

 

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

 

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

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.

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.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

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

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

 

Follow The Trend Until It Ends

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.

GBP/USD

If the pair is unable to break above 1.23, we see a next lower target at 1.20. The cable’s all-time low is at 1.1409.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

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Trading Break April/May

Dear traders,

There will be no signal service between April 22 and May 11.

With best regards,

The MaiMarFX team

 

DAX Holds Above 14000

The GBP/USD slipped again below 1.30 but bearish momentum faded quickly which is why we had to record a stop-loss with our sell position at 1.2985. If the cable now remains above 1.2990, we expect further gains towards 1.31. However, negative headlines about the war in Ukraine will weigh on the current market sentiment.

Trading the DAX paid off while we were able to book a good profit with our yesterday’s sell order. Above 14000 we pencil in a higher target at 14500, whereas below 13950, we will focus on lower price areas such as 13600.

Our adding ideas for today 20/4/22:

Long @ 14210

Short @ 14120

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.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram