Daily Forex And DAX Signals 23/6/22

The tone of Federal Reserve Chair Jerome Powell’s remarks at yesterday’s testimony was consistent with his hawkish comments at the last FOMC press conference. Powell warned however that it will be “very challenging” to foster a soft-landing for the economy even if the U.S. economy is very strong to handle tighter monetary policy. While the recession risk has clearly risen, traders continue to price the prospects of a hard-landing next year. The U.S. dollar slightly weakened against its counterparts on recession fears.

EUR/USD – Chances in favor of the bulls?

We see an ascending triangle in the daily chart which may predict upcoming bullish momentum as soon as the euro breaks above 1.0610. While a next hurdle is seen at 1.0650, bulls may push for a test of the 1.08-area. However, in case the pair falls back below 1.05, chances increase in favor of the bears.

Daily Forex, DAX And Crypto Signals 23/6/22:

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Long @ 1.0585

Short @ 1.0525


Long @ 1.2275

Short @ 1.2230 Trade hit TP

DAX® (GER30)

Long @ 13170

Short @ 13090 Trade hit TP100


Monthly results 2022:

May 2022: +172 pips

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


We wish you good trades!

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