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Daily Trading Signals

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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 6/6/23:

EUR/USD

Long @ 1.0735

Short @ 1.0690

GBP/USD

Long @ 1.2460

Short @ 1.2425

DAX® (GER40)

Long @ 16010

Short @ 15890

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 2023 MaiMarFX.

www.maimar.co

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Choppy Swings

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We saw some choppy swings on Tuesday which also provided some profit for traders. The U.S. dollar traded lower against the euro and pound but ended the day virtually unchanged. Market participants speculate on a more restrictive monetary policy after a potential debt deal in the U.S. This could slow the economy and thus, increase recession fears, in case the White House plans to reduce government spending.

Technical view

GBP/USD: The pound climbed back above 1.24 but struggles to hold that level. If 1.23 breaks to the downside, we expect further losses towards 1.22. On the topside the next resistance is seen at 1.2520.

EUR/USD: The euro tends to trade downwards. As long as it remains below 1.08, the next target will be the crucial support at around 1.05.

 

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 31/5/23:

EUR/USD

Long @ 1.0725

Short @ 1.0680

GBP/USD

Long @ 1.2430

Short @ 1.2370

DAX® (GER40)

Long @ 15860

Short @ 15770

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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Daily Trading Signals

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Markets have been fairly quiet yesterday with the exception of the DAX which tested the recent resistance at around 16090 from where it slipped back more than 150 points towards 15900. Our sell order was able to provide a good profit.

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 30/5/23:

EUR/USD

Long @ 1.0760

Short @ 1.0675

GBP/USD

Long @ 1.2380

Short @ 1.2325

DAX® (GER40)

Long @ 15990

Short @ 15960*

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

Daily Trading Signals

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Our trading ideas for today 26/5/23:

EUR/USD

Long @ 1.0765

Short @ 1.0690

GBP/USD

Long @ 1.2360

Short @ 1.2280

DAX® (GER40)

Long @ 15840

Short @ 15780

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Trading Signals

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Dear traders,

There is not much new to report.

We saw a modest correction in the DAX while both euro and pound consolidated.

Let’s see what today will bring.

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 23/5/23:

EUR/USD

Long @ 1.0840

Short @ 1.0785

GBP/USD

Long @ 1.2470

Short @ 1.2410

DAX® (GER40)

Long @ 16280

Short @ 16190

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Trading Signals

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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 17/5/23:

EUR/USD

Long @ 1.0880

Short @ 1.0840

GBP/USD

Long @ 1.2520

Short @ 1.2440

DAX® (GER40)

Long @ 15940

Short @ 15860

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

GBP/USD: 1.25-Area May Prove To Be Crucial Price Level

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And finally, the GBP/USD corrected south in the aftermath of the Bank of England’s rate hike. Still, the cable remains our problem child this month and we hope for some profitable movements to come in the days ahead. Bulls might jump in again at around 1.2490 since this is the price area of the lower trendline of the cable’s recent uptrend channel. Thus, the 1.2490-80 zone could lead either to a breakout or a pullback.

We wish you a happy weekend.

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 12/5/23:

EUR/USD

Long @ 1.0965

Short @ 1.0910

GBP/USD

Long @ 1.2540

Short @ 1.2485

DAX® (GER40)

Long @ 15890

Short @ 15830

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

Will GBP Correct On BoE?

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The U.S. CPI report surprised lower, at least the headline inflation gauge which came in at 4.9 percent in April, slightly lower than the 5.0 percent forecast. The core gauge printed 5.5 percent which was in line with expectations. As anticipated, the U.S. dollar further weakened in the aftermath of the slightly better inflation print.

The British pound rose to a high of 1.2680 but was unable to overcome this resistance.

The euro, however, refrained from a sustained break above 1.10 and oscillated sideways around the 1.0970-handle.

Today the Bank of England is expected to raise interest rates to 4.5 from 4.25 percent. The BoE decision is scheduled for 11:00 UTC. What matters is the forward guidance. The market expects more rate hikes later this year with a potential pivot from hawkish to dovish in early 2024. Any signs of earlier rate cuts could lead to a deeper correction in the GBP/USD.

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 11/5/23:

EUR/USD

Long @ 1.1010

Short @ 1.0965

GBP/USD

Long @ 1.2630

Short @ 1.2580

DAX® (GER40)

Long @ 15940

Short @ 15890

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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After Lackluster Movement Focus On CPI

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What a lackluster price development!

The GBP/USD’s minor correction ended at a daily low at 1.2577, failing to provide a sustained profit to short trades. The focus however still remains on an upside break above 1.2680 with a following higher target seen at 1.2720.

The EUR/USD found a short-term support at 1.0940 but for the euro’s sideways sentiment to change we would need to see a clear break either above 1.11 or below 1.09.

Elsewhere, there was nothing new in the DAX. The 16000-barrier seems to be a hard nut to crack for bulls – for now.

We will have the U.S. CPI release today at 12:30 UTC. Forecasts see a slight decline in the core gauge to 5.5 percent form 5.6 percent. Thus, chances are slightly in favor of further upward momentum in both currency pairs. In case of a disappointing reading, however, the dollar will surge.

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 10/5/23:

EUR/USD

Long @ 1.0975

Short @ 1.0940

GBP/USD

Long @ 1.2630

Short @ 1.2585

DAX® (GER40)

Long @ 15990

Short @ 15930

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

 

Daily Trading Signals

/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.

Our trading ideas for today 9/5/23:

EUR/USD

Long @ 1.1020

Short @ 1.0975

GBP/USD

Long @ 1.2635

Short @ 1.2590

DAX® (GER40)

Long @ 16010

Short @ 15930

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram