Posts

Quiet Markets This Week?

/in /by

Welcome to a new trading week.

The economic data and events calendar is very thin this week and especially U.S. markets could be extra quiet with the Thanksgiving holiday on Thursday. Consequently, trading could be quiet while currency movements might be limited.

The U.S. dollar rose against other counterparts.

Sellers in the EUR/USD are trying to retake control. If the pair drops below 1.0240, we may see a correction towards 1.02 and probably even 1.01.

If the GBP/USD falls below 1.1800, the cable could further correct towards 1.1750 and 1.17.

Our trading ideas for today 21/11/22:

EUR/USD

Long @ 1.0270

Short @ 1.0240

GBP/USD

Long @ 1.1830

Short @ 1.1790

DAX® (GER40)

Long @ 14410

Short @ 14360

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Trading Signals Friday 18/11/22

/in /by

The U.S. dollar rallied on Thursday but was unable to hold gains, ending the trading day virtually unchanged against the euro and pound. We will try to catch some small profits today. Let’s see.

We wish you a wonderful weekend!

Our trading ideas for today 18/11/22:

EUR/USD

Long @ 1.0410

Short @ 1.0335

GBP/USD

Long @ 1.1940

Short @ 1.1875

DAX® (GER40)

Long @ 14340

Short @ 14270

Settings for all trades today: Entries from 8:00 am UTC,  SL 25

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Price Overshoot

/in /by

The selloff in the U.S. dollar gained momentum Tuesday and led to overshooting prices in other counterparts. The British pound surged to a high of 1.2029 despite a deeply overbought situation. The euro, however refrained from testing the 1.05-level after breaking above 1.0370. Nonetheless, we saw sharp corrections in both pairs following price peaks.

We were able to catch some good profits in the midst of yesterday’s bullish momentum.

GBP/USD

Below 1.19 we expect a steeper correction towards 1.16. However, given the market’s speculation about a dovish sentiment (despite continued warnings that inflation is too high!) we may experience some extended dollar weakness. Today, U.K. inflation will be released, so let’s see what is in store for sterling traders.

Our trading ideas for today 16/11/22:

EUR/USD

Long @ 1.0410

Short @ 1.0360

GBP/USD

Long @ 1.1910

Short @ 1.1830

DAX® (GER40)

Long @ 14370

Short @ 14320

Settings for all trades today: Entries from 8:00 am UTC,  SL 25,

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

Difficult Trading And New Signals

/in /by

Yesterday was by far not our favorite trading day. We suffered several losses in all trading instruments. However, these challenging days always happened in our trading history while we know that better days are coming. We hope for more profitable movements today in order to compensate some of yesterday’s losses.

Our trading ideas for today 15/11/22:

EUR/USD

Long @ 1.0390

Short @ 1.0310

GBP/USD

Long @ 1.1830

Short @ 1.1790

DAX® (GER40)

Long @ 14410

Short @ 14290

Settings for all trades today: Entries from 8:00 am UTC,  SL 25, TP 40

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

Daily Forex And DAX Signals 26/7/22

/in /by

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.

EUR/USD

Long @ 1.0225

Short @ 1.0180

GBP/USD

Long @ 1.2065

Short @ 1.2040

DAX® (GER30)

Long @ 13220

Short @ 13140

 

Monthly results 2022:

June 2022: +333 pips

May 2022: +172 pips

April 2022: +111 pips

March 2022: +689 pips

February 2022: +531 pips

January 2022: +766 pips

 

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Forex And DAX Signals 15/7/22

/in /by

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.

EUR/USD

Long @ 1.0035

Short @ 0.9990

GBP/USD

Long @ 1.1860

Short @ 1.1810

DAX® (GER30)

Long @ 12640

Short @ 12570

 

Monthly results 2022:

June 2022: +333 pips

May 2022: +172 pips

April 2022: +111 pips

March 2022: +689 pips

February 2022: +531 pips

January 2022: +766 pips

 

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

The Euro’s Free Fall

/in /by

The euro depreciated further and its value is now close to parity with the U.S. dollar. The region’s energy crisis and recession fears have sent the common currency into a tailspin and if there is no change in Europe’s tactic towards its energy crisis, the euro is going to remain in free fall.

Daily Forex and DAX Signals for today 12/7/22:

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 @ 1.0065

Short @ 0.9985

GBP/USD

Long @ 1.1875

Short @ 1.1840

DAX® (GER30)

Long @ 12770

Short @ 12690

 

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

NFP Data In Focus

/in /by

It’s U.S. Nonfarm payrolls day today.

Today’s monthly jobs report is currently forecast to show the US added 265,000 payrolls in June, the fewest jobs in over a year. The unemployment rate is expected to hold at 3.6%, near its lowest level in decades. While June’s small jobs gain might be a natural slowdown, a number of less than 100k jobs would be a concern. However, even if data surprise to the upside, it is unlikely that the NFP report unleashes a long-lasting bullish reaction in the light of growing certainty of a recession.

Payrolls are due for release at 12:30 UTC.

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

EUR/USD & GBP/USD: Is The Heavy Sell-Off Coming To An End?

/in /by

Welcome to a new trading week.

EUR/USD: Long-term bias remains bearish, even though short-term bullish reversal could be in the cards
The euro’s sell-off is due primarily to three reasons: The divergence in monetary policy between the Federal Reserve and the European Central bank, the fallout from the Ukraine war and a negative market sentiment. Even though these reasons should keep the euro under pressure, bears were unable to create a lower low when testing the 1.0340-support area. However, if this crucial support-level breaks, the focus will shift to parity. In the positive case, however, if the euro holds above 1.0350, bulls may push the pair towards another test of 1.0570-1.06. Above 1.0660, a next bullish target could be at 1.0770.

GBP/USD: The cable dipped again below 1.20 last Friday and traders wonder whether the 1.19-support area could be tested. As long as sterling bulls are unable to push the pair above 1.23, we may see lower price targets such as 1.1820 and possibly even 1.1750. From a fundamental perspective and even though the economic outlook in the U.K. remains gloomy, sterling’s heavy sell-off may abate, due mainly to a weakening U.S. dollar.

Trading could be quiet today as U.S. markets will be closed for the Independence Day holiday.

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Short Traders Profit

/in /by

Finally, we saw the long-awaited correction from overbought levels in both EUR/USD and GBP/USD.

The cable broke below 1.2550 and slid almost 100 pips toward 1.2450. The price area around 1.2550 could now serve as a resistance while we expect a deeper dive towards 1.2410. Bears will pay attention to a significant break below 1.2380 that could send the pair tumbling toward 1.20.

The euro tested the support area between 1.0650 and 1.06. If 1.06 breaks significantly to the downside, we could see the euro settling at lower levels between 1.06 and 1.0450. Euro bulls on the other side will watch out for a renewed break above 1.0760.

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 @ 1.0685

Short @ 1.0640

GBP/USD

Long @ 1.2525

Short @ 1.2440

 

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

 

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.