Is The Pound Sterling Overvalued?

The pound sterling corrected some of its recent gains against the U.S. dollar after the GBP/USD failed to break above 1.2660. As we stated in previous analysis, we expect an even stronger correction that may lead to a slide back towards 1.24 in the near-term. Some investors are even most bearish on the pound, saying the market has to go much further in pricing out Bank of England rate hikes. Some market participants think that the pound is overvalued in the long-term pointing on concerns over U.K. financial imbalances.

However, from a technical point of view the GBP/USD remains in a downtrend with a next resistance seen at 1.2680. Sterling bulls may prefer to wait until 1.27 is cleared to jump in on buy attempts toward 1.30.

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GBP/USD

Long @ 1.2620

Short @ 1.2560

We wish you good trades!

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Daily Forex, DAX And Crypto Signals 31/5/22

Daily Forex, DAX And Crypto Signals:

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EUR/USD

Long @ 1.0770

Short @ 1.0720

GBP/USD

Long @ 1.2665

Short @ 1.2585

DAX® (GER30)

Long @ 14540

Short @ 14460

ETH/USD

Long @ 1980

Short @ 1930

 

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

 

Trader richten Augenmerk auf U.S. NFP Bericht

Nach wochenlangem Ausverkauf kauften die Anleger nun den Kursrückgang . Der U.S. Dollar schwächte sich ab und drängte andere Währungen über die aktuellen Widerstandsniveaus. Der DAX durchbrach die Marke von 14300 und steuerte auf 14600 zu.

Das Hauptaugenmerk wird in dieser Woche auf den US-Arbeitsmarktdaten vom Freitag liegen, für die ein geringerer Anstieg im Mai erwartet wird. Die Federal Reserve ist auf dem besten Weg, die Zinssätze bei den nächsten Sitzungen um 50 Basispunkte zu erhöhen, jedoch könnte eine anhaltende Verlangsamung des Lohn- und Stellenwachstums die Währungshüter davon überzeugen, das Tempo der geldpolitischen Straffung nach dem Sommer zu verringern.

DAX – Auf dem Weg zu 15000?

Der Index beendete seine Konsolidierung und brach über 14300 aus. Ein nachhaltiger Ausbruch über 14600 könnte die Bullen Dynamik in Richtung 15000 befeuern. Der Preisbereich um 14200 könnte nun als Unterstützung dienen.

EUR/USD: Der Euro wurde höher gehandelt und ein weiterer Test von 1.08 scheint realistisch. Das Risiko von Korrekturen innerhalb des jüngsten geradlinigen Aufwärtstrends bleibt jedoch hoch, wobei sich unser Fokus auf 1.0650 richtet.

GBP/USD: Der Cable versuchte, die Marke von 1.2660 zu durchbrechen, doch die bullische Dynamik schwand. Sollte das Paar wieder unter 1.2580 fallen, erwarten wir eine potenziell tiefere Korrektur mit tieferen Zielen bei 1.25 und 1.24.

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.

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Traders Eye NFP Report

Investors have been buying the dip after weeks of selloff. The U.S. Dollar weakened, pushing other peers above current resistance levels. The DAX broke above 14300 and headed toward 14600.

The focus this week will be on Friday’s U.S. payroll numbers, which are projected to show a smaller advance in May. The Federal Reserve is on track to hike interest rates by 50bp at the next couple of meetings but a continued slowdown in payrolls and wage growth could eventually convince policy makers to slow the pace of tightening after the summer.

DAX – Going for 15000?

The index ended its consolidation and broke above 14300. A sustained break above 14600 could spur bullish momentum towards 15000. The price area around 14200 could now serve as a support.

EUR/USD: The euro traded higher and a further test of 1.08 seems realistic. However, the risk for corrections within the recent straight-lined uptrend remains high with the focus turning to 1.0650.

GBP/USD: The cable attempted to break above 1.2660 but bullish momentum faded. If the pair slips back below 1.2580, we expect a potential correction to deepen with lower targets seen at 1.25 and 1.24.

We wish you good trades!

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Profitable Week

Thursday turned out to be a very profitable trading day with two profitable buy positions in the GBP/USD and a big profit of 100 points in the DAX. All in all, it has been a good trading week and that’s why we will save our weekly gains and will not re-invest any profits today.

The DAX finally broke above 14200 and headed for a test of the 14300-region. As long as 14000 holds, we may see an extension of gains towards 14700.

The euro and British pound continued to rise on a weakening U.S. dollar despite their overbought situation. We continue to warn traders of the risk of sharp corrections within the recent straight-lined uptrend.

We wish everyone a beautiful weekend and good trades!

Daily Forex, DAX And Crypto Signals:

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DAX® (GER30)

Long @ 14260

Short @ 14190

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GBP/USD: Gains Capped At 1.26 Amid Overbought Situation

While the FOMC minutes of the Federal Reserve’s last meeting showed policy makers agreed to raise interest rates in half-point steps in June and July, the tone of the report can be described as less-hawkish-than-feared. The U.S. dollar weakened against other peers.

The GBP/USD is again testing the resistance area between 1.26-1.2650 this morning. A sustained break above that area could result in a run for 1.30 but caution is advised here: The pair is overbought and needs to correct to revive bullish momentum.

EUR/USD: We currently see chances in favor of the bears even if the pair holds above 1.0640-1.06. However, we anticipate a correction toward 1.0580, rather than a flight toward 1.08.

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!

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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!

Any and all liability of the author is excluded.

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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:

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 @ 1.0675

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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www.maimar.co

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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.

 

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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 © 2022 MaiMarFX.

www.maimar.co

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