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Trading Signals 27/1/23

U.S. GDP data came in better than expected, bolstering slightly the dollar. However, larger and profitable market moves were missing with both EUR/USD and GBP/USD remaining in tight ranges.

Traders will keep an eye on the PCE deflator today at 13:30 UTC.

Let’s see if we can lock in some profits today. We wish everyone a beautiful 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 27/1/23:

EUR/USD

Long @ 1.0910

Short @ 1.0835

GBP/USD

Long @ 1.2420

Short @ 1.2335

DAX® (GER40)

Long @ 15190

Short @ 15120

 

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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Tight Ranges To Continue – Most Probably

Today we have the U.S. GDP reading on tap (due at 13:30 UTC). However, traders doubt that this reading will generate large market movements since market participants await next week’s exceptional event risk. Investors may not want to risk premature exposure ahead of the FOMC rate decision and U.S. nonfarm payrolls next week.

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 26/1/23:

EUR/USD

Long @ 1.0930

Short @ 1.0880

GBP/USD

Long @ 1.2430

Short @ 1.2360

DAX® (GER40)

Long @ 15190

Short @ 15090

 

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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EUR/USD And GBP/USD: Uptrend Could Be Losing Steam

Prices of the U.S. dollar’s counterparts continue trading upward, and when we look particularly at the EUR/USD we see that the pair broke in the direction anticipated by an inverted Head and Shoulders chart formation. Thus, the euro was pushed to the 1.09 resistance handle. The euro’s recent uptrend has largely been driven by the dollar sell-off and the European Central Bank’s hawkish stance to fight inflation by further interest rate hikes. The ECB is expected to raise rates by 50bps at its next rate decision in February. The Federal Reserve on the other hand is widely expected to slow its rate hike path, pointing toward a less hawkish approach. Markets await a 25bps rate hike at the Fed’s meeting next Wednesday.

EUR/USD: Bulls may try to push the pair up to 1.10 but considering the fact that the euro is close to overbought levels, the next leg up might be limited to 1.0970, for now. Bears will watch out for price breaks below 1.0830 and 1.0730 in order to sell the euro.

GBP/USD: The pound tested the 1.2450-area but since economic prospects in the U.K. are not looking too good, we doubt that there is far more upside potential. We expect the pair to fall back towards 1.23 – 1.2250.

From a fundamental backdrop, traders will watch Friday’s U.S. PCE deflator that could generate some volatility.

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.

 

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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Trading Signals 20/1/23

Have a very good weekend.

Our trading ideas for today 20/1/23:

EUR/USD

Long @ 1.0860

Short @ 1.0815

GBP/USD

Long @ 1.2410

Short @ 1.2330

DAX® (GER40)

Long @ 15060

Short @ 14970

 

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.

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

 

Trading Signals 19/1/23

Dear traders,

The cable provided bulls a good profit Wednesday. Our long entry at 1.2340 has thus proved very profitable.

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 19/1/23:

EUR/USD

Long @ 1.0825

Short @ 1.0780

GBP/USD

Long @ 1.2360

Short @ 1.2290

DAX® (GER40)

Long @ 15160

Short @ 15060

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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Look For Small Profits

Welcome to a new trading week.

EUR/USD: As indicated last week, there was a bullish breakout pattern and bulls took advantage of this opportunity against the backdrop of a weakening U.S. dollar, driving the euro above the 1.08 threshold. We were able to pocket some good gains in the euro last week. Where could the euro be headed now? The euro has rallied strongly since September with little correction. However, since the markets never tend straight-lined in a particular direction, we expect a (necessary) correction soon. A current support could come in at around 1.06. However, if 1.08 holds, bulls would have to focus on a short-term target area at around 1.1180.

GBP/USD: Last week’s oscillations left much to be desired and unfortunately, there were more loss-making false breakouts than profitable price breakouts. But these phases are also part of day trading. Let’s see how it continues this week. Meanwhile, the upward trend is intact. Above 1.2350, we could see a retest of the 1.24 area which could result in an upward movement to 1.26. An important support is currently seen at 1.20.

DAX: The index showed its strength and took off the 15000-hurdle. A few good weekly gains were achieved last week. If the DAX remains above 14500, we are looking towards the 16000 threshold.

We do not expect high volatility at the beginning of the week. It is the Martin Luther King Day in the U.S. and the markets remain closed for the holiday. Traders should therefore focus on smaller profits.

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.

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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Bumpy Start

The week started off with some losing trades Monday morning but towards the end of the trading day we were able to catch some profits with our buy orders in the EUR/USD and DAX.

Our trading ideas for today 10/1/23:

EUR/USD

Long @ 1.0760

Short @ 1.0710

GBP/USD

Long @ 1.2180

Short @ 1.2135

DAX® (GER40)

Long @ 14760

Short @ 14670

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.

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 9/1/23

Dear traders,

Happy New Year everyone!

The U.S. dollar came under renewed selling pressure after U.S. payrolls showed a 226k net increase in December, modestly beating expectations and dampening economic concerns.

What’s up next: We have the market’s favorite inflation indicator, the CPI index, due for release on Thursday.

Let’s see what our first trading week of the year will bring.

Our trading ideas for today 9/1/23:

EUR/USD

Long @ 1.0710

Short @ 1.0675*

GBP/USD

Long @ 1.2170

Short @ 1.2140*

DAX® (GER40)

Long @ 14720

Short @ 14640

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.

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.

GBP/USD: Upcoming Bearish Breakout?

The GBP/USD is possibly formatting a head-shoulders-pattern with the neckline ranging from 1.21 to 1.2080. The ‘first shoulder’-high was at 1.2345, so if sterling bulls are unable to climb back above 1.2350 in an attempt to break above 1.2450 and 1.25, chances increase significantly in favor of the bears. A break below 1.2080 and further 1.2020 could open the door for a fall towards 1.1750.

Let’s wait and see.

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.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Holiday Conditions Ahead

Welcome to this new trading week which will be our last one for this year.

Let’s shortly resume what has happened last week? The Federal Reserve raised rates by 50bp and stressed that more work needs to be done on fighting inflation despite a softer November U.S. inflation report. The European Central Bank surprised markets with a more aggressive hawkish tone. The DAX fell about 3.3 percent and below 14000 while the euro has held solid above 1.05. A cautiously stronger dollar led to a correction in the cable while the support around 1.21 remains intact.

Typically, the final two weeks of the year see a significant drop off in liquidity. However, thin liquidity can also transmit unexpected volatility but often without a clear direction. Traders do therefore better to be prepared for sideways and maybe choppy swings, rather than for trending markets. We for our part, will not reinvest much of our December gains and will start the Christmas holidays contemplatively.

The last interesting piece of economic data will be Friday’s PCE index.

Our trading ideas for today 19/12/22:

EUR/USD

Long @ 1.0640

Short @ 1.0580

GBP/USD

Long @ 1.2215

Short @ 1.2175

DAX® (GER40)

Long @ 13960

Short @ 13890

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.

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

Follow us on social media:

Facebook

Twitter

Instagram