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Daily Forex Signals

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Daily Forex 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 @ 1.1970

Short @ 1.1930

GBP/USD

Long @ 1.3980

Short @ 1.3915

DAX® (GER30)

Long @ 14570

Short @ 14520 Hit TP

 

Monthly results 2021:

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!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

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Daily Forex Signals

/in /by

Daily Forex 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 @ 1.1925

Short @ 1.1865

GBP/USD

Long @ 1.3910

Short @ 1.3840

DAX® (GER30)

Long @ 14440 Hit TP

Short @ 14380

 

Monthly results 2021:

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!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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DAX30 Surges To Record High

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Monday’s best performer was the DAX which experienced a bullish breakout towards 14500 after the technical 14200-barrier was breached to the upside.

The index surged to a high of 14444 after bulls took out the 14200-resistance. We anticipate that gains could be extended until 14500 and 14550 before a potential pullback is due. With the index at a record high there is currently no resistance on the upside and if we see a break above 14600 a next target could be 15000. Current support areas are however seen at 14300 and 14200.

EUR/USD: The euro succumbed to a strengthening U.S. dollar and extended its slide towards 1.1830. As long as the pair holds above 1.18, we may see a small rebound towards 1.1950 and 1.2050.

GBP/USD: The cable remained confined to a sideways trading range between 1.3860 and 1.38. We will now pay attention to technical breakouts either above 1.39 or below 1.3780.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Daily Forex Signals

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Dear traders,

The U.S. dollar retreated Tuesday and thus, both EUR/USD and GBP/USD ended the trading day in higher territory.

EUR/USD bounced back from a low at 1.1991 as the European Central Bank scales back the pace of its pandemic emergency purchase program (PEPP) for the third consecutive week. Looking at the daily chart, chances seem to be in favor of the bulls right now with near-term bullish targets being at 1.2185 and 1.2220. For bearish action to accelerate we will need to see a break below 1.1980.

As for GBP/USD trades we also expect the near-term chances being in favor of further bullish price action with a higher target seen at 1.40. If the cable is even able to take out the 1.40-barrier, we see a next bullish target at 1.4040. A support is however seen at around 1.3840.

Daily Forex 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 @ 1.2110

Short @ 1.2065

GBP/USD

Long @ 1.3990

Short @ 1.3925

DAX® (GER30)

Long @ 14130

Short @ 14010

 

Monthly results 2021:

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!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

Turnaround Tuesday After Monday’s Dollar Rally?

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The U.S. dollar climbed against most major peers Monday and provided short traders, at least in the EUR/USD, a good gain.

The EUR/USD extended its slide towards 1.20 this morning and as stated in yesterday’s analysis, lower targets might be at 1.1970 and 1.19 now.

The GBP/USD finally broke below 1.39 and bears might seek to extend the downward movement towards 1.3850 and 1.3830.

It should however be noted that today is Tuesday and from our experience we know that Tuesdays have often served as turnaround days following a strong market trend on Monday.

In other words, if dollar bulls take a breather today, we could see some corrective movements in the major currency pairs. Looking for potential reversals, traders should pay attention to upside breaks above 1.3960 and 1.40 in the GBP/USD and above 1.2110 and 1.2150 in the EUR/USD.

The DAX tested the 14050 level but was unable to hold above 14000. As long as the index remains between 14160 and 13800, there is nothing new to report.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

 

Daily Forex Signals

/in /by

Daily Forex 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 @ 1.2185

Short @ 1.2130

GBP/USD

Long @ 1.4040

Short @ 1.3920

DAX® (GER30)

Long @ 13790

Short @ 13640

 

Monthly results 2021:

January 2021: +472 pips

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Forex Signals

/in /by

Daily Forex 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 @ 1.2180

Short @ 1.2135

GBP/USD

Long @ 1.4090

Short @ 1.4025

DAX® (GER30)

Long @ 14020

Short @ 13940

 

Monthly results 2021:

January 2021: +472 pips

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Will Powell Testimony Spark USD Volatility?

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Dear traders,

U.S. dollar selling pressure was felt across most major currency pairs with both EUR/USD and GBP/USD edging higher at the start of the week.

Volatility could pick up Tuesday with market participants eyeing Fed Chair Powell’s semi-annual congressional testimony today at 15:00 UTC. Powell is expected to reiterate the accommodative stance of the Federal Reserve and the need for more fiscal stimulus. Traders will however pay close attention to potential remarks on the Fed’s willingness to keep borrowing costs low amid the recent rise in Treasury yields. While dovish comments could lead to another stretch of dollar weakness, another potential driver of U.S. dollar volatility includes the fiscal stimulus package of $1.9 trillion proposed by President Joe Biden. If there is nothing in the way of finalizing a stimulus deal, the dollar could strengthen.

Furthermore, we have the Eurozone’s Core Inflation Rate scheduled for release at 10:00 UTC which could have a short-lived impact on euro crosses.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Will GBP/USD Test 1.40 Before A Correction Is Due?

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The best performing currency on Thursday was the British pound which surged to a high of 1.3986 (more than 100 pips from our long entry) on hopes of a powerful economic bounce as vaccinations in the U.K. continue to outpace those in the EU. Another reason for sterling’s rise was the lack of demand for U.S. dollars that buoyed the uptrend in the GBP/USD.

Looking at the weekly chart in the GBP/USD we see that the pair posted an almost straight-lined appreciation since September 2020, pushing the cable not only in overbought territory but also towards a crucial resistance zone around 1.40. While the overall uptrend is obvious, we remind traders to prepare for a correction as soon as the area between 1.40 and 1.4020 is tested. A higher support is now seen at 1.3860-50. Below 1.3830, a next lower target could be at 1.3750.

The EUR/USD trended higher on the back of a new round of dollar weakness but the pair remained below 1.21. Below 1.2040 we anticipate further losses towards 1.1970 whereas on the upside, we will wait for a sustained break above 1.2115 to anticipate further gains.

We wish you a beautiful weekend.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

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Daily Forex Signals

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The U.S. dollar traded higher against other major currencies after U.S. retail sales exceeded all expectations, rising by most in seven months.

The weakest currency was however the euro which slid below 1.2050 against the dollar, providing short traders a good gain. We believe that the EUR/USD could be vulnerable to further losses with lower targets being at 1.20 and 1.1970. A break below 1.1950 could even send the euro lower towards 1.19. As already mentioned in previous analysis, for bearish sentiment to change we would need to see a break above 1.2170.

The GBP/USD posted a linear decline after reversing from its high at 1.3952. As long as the cable remains below 1.3870, we anticipate a test of 1.38.

Daily Forex 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 @ 1.2065

Short @ 1.2035

GBP/USD

Long @ 1.3880 Trade Hit TP

Short @ 1.3830

DAX® (GER30)

Long @ 14010

Short @ 13880

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram