Quiet Trading

As for the price development not much has happened so far this week. Yesterday we saw the euro and British pound correcting some of their losses against the U.S. dollar but movements were limited and thus, not really profitable in terms of our daily signals.

We assume that this minor correction could be extended in very short-term timeframes, with the area at around 1.0750 in the EUR/USD and 1.25-1.2550 in the GBP/USD seen as a next price target within that correction.

However, we recommend traders to not expect too much when no major catalysts are scheduled on the fundamental docket. Better trade with small position or stay on the sidelines until volatility accelerates.


Daily Forex and DAX 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.

Our trading ideas for today 18/4/24:


Long @ 1.0710

Short @ 1.0640


Long @ 1.2510

Short @ 1.2440

DAX® (GER40)

Long @ 17860

Short @ 17760


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!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2024 MaiMarFX.