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Difficult Trading And New Signals

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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

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Further U.S. Dollar Strength Ahead? Waiting For NFP Outcome

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Dear Traders,

Bullish exposure seems to be fading ahead of the March U.S. employment report with bears gaining control of the EUR/USD and GBP/USD. However, we are hesitant in our assessment of further dollar strength as we know that payrolls can catch traders on the wrong foot.

While U.S. job growth is expected to have slowed last month, the jobless rate was forecast to have fallen to 4.0 percent amid stronger wage growth. If the latter headline figure meets or even exceeds expectations it might be dollar-positive but traders should be careful. There is plenty of room for a surprise and volatile swings can make today’s trading difficult.

Sign-up for our professional day trading support if you want to know how we trade the NFP report.

The NFP Report is due at 12:30 UTC.

GBP/USD

The worst performing currency was the British pound which dropped below its crucial support at 1.40 and extended its slide towards 1.3965. As mentioned in previous analysis, our focus now shifts to a lower target of 1.3880, provided that the pound remains below 1.4050. A break above 1.4060, however, could encourage sterling bulls for a test of 1.41 but it all depends on the outcome of the payrolls.

EUR/USD: The euro dropped below 1.2235 and this pair seems to be heading towards 1.2190 now. A break below 1.2180 could spark bearish momentum towards 1.2150 and possibly even 1.2050 but that remains to be seen. The 1.23-level could act as a short-term resistance.

We wish you good trades and a beautiful weekend!

Daily Forex Signals:

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We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2018 Maimar-FX.

www.maimar.co