Daily Forex, DAX And Crypto Signals

Bullish bias in both EUR/USD and GBP/USD faded after Federal Reserve Chair Jerome Powell said the Fed is ready to raise interest rates by 50bps at its next FOMC meeting if needed. Powell was more hawkish than at the Fed’s policy meeting last week, indicating that the Fed favors a more aggressive pace of tightening. The U.S. dollar surged against other peers in a first response to the comment.

The EUR/USD dropped below 1.10, which is why we scrapped a potential bullish breakout idea above 1.1160. A lower resistance is now seen at 1.1090.

GBP/USD: Below 1.3130 we may see a slide towards a test of 1.3080. Resistance remains present at 1.3210.

Daily Forex, DAX And Crypto Signals:

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EUR/USD

Long @ 1.1040

Short @ 1.0960

GBP/USD

Long @ 1.3175

Short @ 1.3110

DAX® (GER30)

Long @ 14360 Trade hit profit target

Short @ 14290

ETH/USD

Long @ 3010

Short @ 2890

Monthly results 2022:

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

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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!

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