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Daily Trading Ideas

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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 @ 1.1325

Short @ 1.1265

GBP/USD

Long @ 1.3290

Short @ 1.3240

DAX® (GER30)

Long @ 15540

Short @ 15480

ETH/USD

Long @ 4410

Short @ 4240

 

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 2021 MaiMarFX.

www.maimar.co

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Daily Forex, DAX And Crypto Signals

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Both EUR/USD and GBP/USD remained trading in relatively tight price ranges on Monday.

EUR/USD: Remaining above 1.1270, we favor the uptrend with a first higher target at 1.1360. However, a break below 1.1250 would change the current sentiment again in favor of the bears with lower targets seen at 1.12 and 1.11.

GBP/USD: As long as 1.3270 remains unbroken, we anticipate a run for 1.34 and maybe even 1.35.

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 @ 1.1335

Short @ 1.1260

GBP/USD

Long @ 1.3340

Short @ 1.3285

DAX® (GER30)

Long @ 15160

Short @ 15070

ETH/USD

Long @ 4440

Short @ 4370

 

Monthly results 2021:

 

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

 

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 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

GBP/USD Heads For Test of 1.35, More Gains Ahead?

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The EUR/USD consolidated between 1.1340 and 1.1290 while the GBP/USD headed for a test of 1.35 this morning. Sterling bulls will pay attention to a break above 1.3525 which could spur bullish momentum towards 1.36. A current support is however seen at 1.34.

Elsewhere, the DAX seems to be on its way toward 16400. As long as the index remains above 16150 and generally above 16000, we favor the upward trend.

In the crypto world we saw some corrective movements which were expected after the recent high levels in many cryptocurrencies. In the ETH/USD we look at a trading range between 4650 and 4000. If the pair drops below 3890, we may see a steeper decline toward 3600.

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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U.S. Dollar Resumes Rally After Highest Inflation Print in 20 Years

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The U.S. dollar rose to fresh highs against the euro and British pound after the U.S. inflation print showed the highest annual rate of inflation in over 20 years at 6.2 percent. Rate hike bets surged as investors began to price in tighter monetary policy from the Federal Reserve in order to curb inflation. The market is now pricing in a full 25bp rate hike by July 2022.

Both EUR/USD and GBP/USD slipped below crucial support zones and bears are eyeing next lower targets.

GBP/USD: If 1.3390 breaks, we see a next important target at 1.33 from where bulls could try to start a countermove. A current resistance is seen at 1.3520.

EUR/USD: Remaining below 1.15, next lower targets are seen at 1.1450 and 1.14 but traders should be careful. The pair is oversold in short-term time frames which is making corrective moves more likely. Short-term resistances are seen at 1.1540 and 1.1580.

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.

Try out our new signals for cryptocurrencies:

ETH/USD

Long @ 4715

Short @ 4670

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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Will U.S. Inflation Spur The U.S. Dollar Rally?

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For now, the Federal Reserve is not worried about inflation but could they be at some point? Traders are awaiting today’s U.S. consumer price report at 13:30 UTC and should brace for an upside surprise amid persistent supply chain bottlenecks and elevated energy prices. Higher-than-expected CPI numbers bring forward interest rate hike bets, which is positive for the U.S. dollar, while lower-than expected inflation figures could lift risk-assets across the board.

EUR/USD technical view:

Euro bulls weren’t able to push the pair back above 1.16, at least not until now. As long as the 1.1620-30 price area remains a hurdle, we favor a test of the crucial 1.15-support with a potential break of that support-mark. A next lower target would be at 1.14. Above 1.1630, however, bulls could push the pair for a test of 1.17.

GBP/USD technical view:

After testing the lower bound of the cable’s support-zone around 1.34 we saw the pound recovering some of its losses, testing the 1.36-hurdle. If 1.36 was the limit, traders should brace for steeper losses towards 1.3350 and 1.33. Only a significant break above 1.3650 could change the sentiment in favor of the bulls with a higher target seen at 1.38.

 

Try out our new signals for cryptocurrencies:

ETH/USD

Long @ 4760

Short @ 4690

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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Fresh Highs in Cryptocurrencies While U.S. Dollar Consolidates

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Monday’s best performer was the British pound which rose towards 1.3580 amid a weakening U.S. dollar. Our long entry at 1.3520 has thus proved profitable. We continue to see a short-term resistance at around 1.3615 in the GBP/USD.

EUR/USD: Buyers were able to take some profits yesterday but the upward move was limited to a high of 1.1595. We may see a renewed test of 1.1615 today. A current support is however seen at 1.15.

In the crypto world we saw fresh record highs with Bitcoin jumping above 68,000 and ETH/USD testing the 4800-price-area. Tests of 70,000 in BTC/USD and 5,000 in ETH/USD wouldn’t come as a surprise before a pronounced correction is due.

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 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.

Try out our new signals for cryptocurrencies:

ETH/USD

Long @ 4830

Short @ 4760

Follow us on social media:

Facebook

Twitter

Instagram

 

DAX: Primed For New 16000-Test?

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For traders in the DAX, it has been a profitable start to the new week. The index touched an almost two-month high on Monday with our buy position reaching its profit target. If the DAX is now able to hold above 15570, we could see a continuation of the upward trend with a potential renewed test of 16000.

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.

Try out our new signals for cryptocurrencies:

ETH/USD

Long @ 4380

Short @ 4290

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