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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EUR/USD
Long @ 1.0585
Short @ 1.0525
GBP/USD
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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