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No Signal Service From 13 To 24 February

This month has gone very well so far and we have been able to achieve a good performance with our day trading signals.

Signal results for February: +475 pips!

Since we are on vacation from February 13 to 24, we will save our profits for this month and will not reinvest gains.

We will be back with fresh trading signals in March.

Good trades,

The MaiMarFX team

 

www.maimar.co

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Warning Bell

Yesterday’s strong market sell-off is sounding a warning bell.

The euro fell to a record low against the U.S. dollar and could reach parity in the near future. As for the euro area, there is not much to be positive about. Investors are dealing with the prospects of an energy crisis that risks sending the region into a recession. If the Nord Stream 1 gas pipeline from Russia is shut off, there could be much more pain for the euro. Parity could thus be only an intermediate target amid the euro’s decline.

EUR/USD: A next lower target is 1.0170. The former support around 1.0350 could now act as a resistance.

The British pound dropped below 1.20 and tested even the 1.19-level on the back of political instability. Two members from U.K. Prime minister Boris Johnson’s cabinet announced their resignations, adding to political uncertainty.

GBP/USD: If 1.19 breaks we see a next lower target at 1.18. A short-term resistance comes in at around 1.2150.

Our trading ideas for today 6/7/22:

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 @ 1.0275

Short @ 1.0230

GBP/USD

Long @ 1.1940

Short @ 1.1890

DAX® (GER30)

Long @ 12530

Short @ 12440

 

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

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Daily Forex And DAX Signals

Trading was relatively quiet on Monday. Our yesterday’s buy position in the GBP/USD failed to reach its profit target by 0,2 pips as gains were quickly reversed towards 1.21. We will keep tabs on price breakouts above 1.2180 or below 1.2080.

The EUR/USD remained stuck within a 50-pips trading range.

The DAX consolidated between 13000 and 12700. A break above 13010 may revive some bullish momentum but we bear in mind that a short-term resistance comes in at around 13200. Below 12600 a next target is 12480.

Our trading ideas for today 5/7/22:

EUR/USD

Long @ 1.0485

Short @ 1.0425 Trade has hit TP

GBP/USD

Long @ 1.2135

Short @ 1.2080

DAX® (GER30)

Long @ 12890

Short @ 12840

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.

 

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

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.

Daily Forex, DAX And Crypto Signals 28/6/22

The euro took a glance above 1.0610 but there were no signs of stabilization above that price level, at least not until now. However, remaining above 1.0550 could still see a bullish breakout.

The cable bounced off the 1.2330-price area and continued its consolidation mode between 1.23 and 1.22. We will wait and see.

Traders in the DAX were able to profit with both long and short entries. As long as the index remains below 13700, we favor the downtrend with a lower target seen at 12700.

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 @ 1.0615

Short @ 1.0535

GBP/USD

Long @ 1.2290

Short @ 1.2235

DAX® (GER30)

Long @ 13270

Short @ 13140

ETH/USD

Long @ 1220

Short @ 1170

 

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

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 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.

Daily Forex, DAX And Crypto Signals 24/5/22

The euro broke above 1.0650 after European Central Bank President Christine Lagarde revealed in a blog post the prospective timetable for two quarter-point interest rate hikes by the end of the third quarter. Now that the EUR/USD broke above 1.0650, we shift our focus to higher support levels such as 1.0640 and 1.06. Remaining above 1.06 could see a run for 1.08 within the next days.

 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 @ 1.0675

Short @ 1.0640

GBP/USD

Long @ 1.2610

Short @ 1.2530

DAX® (GER30)

Long @ 14110

Short @ 14010

ETH/USD

Long @ 2030

Short @ 1970

 

Monthly results 2022:

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

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

Daily Forex, DAX And Crypto Signals 19/5/22

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 @ 1.0510

Short @ 1.0480

GBP/USD

Long @ 1.2410

Short @ 1.2335

DAX® (GER30)

Long @ 13940

Short @ 13840 Trade has hit profit target

ETH/USD

Long @ 1980

Short @ 1920

 

Monthly results 2022:

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

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

Sentiment Remains Unchanged, Focus On ADP Report

Going into Wednesday and looking at the technical picture, not much has changed.

Bulls in the GBP/USD still face the 1.3650-hurdle. We continue to watch out for a break above 1.3670-80 in order to anticipate further gains towards 1.3750 and 1.3850. On the downside, a renewed break below 1.3570 could see a continuation of the cable’s steeper decline targeting at 1.34.

The EUR/USD remained trading in a very narrow range between 1.1615 and 1.1580. Buyers should keep watching out for a sustained break above 1.1610 now with a next bullish target at 1.1670. A break below 1.1580 on the other side could increase chances for accelerated bearish momentum.

The DAX remained below 15200 but as well above the psychologically important 15000-mark. A break below 14950 could see a dip towards 14900 whereas a rise above 15300 may prompt bulls for a test of 15500.

Traders are awaiting the U.S. labor market data on Friday and today’s ADP Nonfarm Employment Change scheduled for release at 12:15 UTC may provide a foretaste of what to expect from Friday’s report.

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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DAX: Next Target 16100?

Both EUR/USD and GBP/USD ended yesterday’s trading day virtually unchanged. The euro remained in a very narrow trading range between 1.19 and 1.1850 while the cable dipped slightly lower towards 1.3815 but was able to stabilize above 1.3830 towards the end of the day.

The best performer was the DAX that surged to a high of 15960, providing us with a good gain from our long entry at 15860. As long as 15700 holds, we keep tabs on a higher target at 16100.

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

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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No Fundamental Changes After Jackson Hole

The market has been waiting for Jackson Hole throughout the summer and now that the Jackson Hole symposium is behind us, not much has changed as Federal Reserve Chair Jerome Powell didn’t offer a conclusive timeline for scaling back stimulus. He said the central bank could begin reducing its bond purchases this year but won’t be in a hurry to raise interest rates. One thing is certain following Powell’s virtual speech from Friday: A taper is coming. But this is what the market has already priced in, which is why the U.S. dollar sold off on the market’s interpretation that the Fed’s tempo is less aggressive than what was anticipated.

The focus now shifts to the U.S. jobs data on Friday for clues about the economic recovery.

We remind traders that the week before the U.S. Labor Day holiday is notorious for its quiet and illiquidity. In other words, big market moves could be missing in the coming days.

EUR/USD

The greenback fell and pushed the pair towards 1.1810. Since the pair entered overbought territory and tested the 1.18-resistance zone, we prepare for a correction in the latest upward movement. For the bullish movement to continue, we will keep tabs on a break above 1.1860 which could see a test of 1.1890-1.1920. Dollar bulls, on the other side, will have to wait either for a sustained break below 1.17 or a failed attempt to break above 1.19 in order to push the pair lower towards the crucial 1.16-support.

 

GBP/USD – As long as the cable holds above 1.3650-10, we see a next resistance at around 1.3820. An upside break of 1.3910 could spur bullish action towards 1.40. Breaking, however, significantly below 1.36 could pave the way for a sell-off towards 1.34.

DAX – The index marked a short-term support at 15700. We will focus on a renewed break above 15920 in order to anticipate a higher target at 16050 but bullish momentum will depend on liquidity.

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

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Profitable Start To The New Week

Monday started off with a profit for traders as dollar bulls took a breather, pushing other currencies higher in return. As expected, we thus saw some rebounds in short-term time frames. The British pound rebounded from oversold price levels and took out the 1.37-barrier. We went long in the GBP/USD at 1.3665 and were able to take profit around 1.37. We now pencil in a next resistance zone between 1.38-1.3830.

The rebound in the EUR/USD proved to be slightly smaller with the euro hitting an intraday high at 1.1750.  Above 1.1770, we expect the pair to test 1.18 and possibly even the area around 1.1830.

The DAX tested the 15800-level on its hold after the short-lived breakout above 15920 failed to provide any follow-through. Our short entry provided traders a good profit. We continue to pay attention to a sustained break above 15920 in order to shift the focus to 16050.

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

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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