Posts

Profit With The Bears

/in /by

Yesterday has been a profitable trading day with our short entries in the EUR/USD and DAX providing a good profit.

Let’s see what’s in store today.

 

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 26/9/23:

EUR/USD

Long @ 1.0665

Short @ 1.0570

GBP/USD

Long @ 1.2230

Short @ 1.2175

DAX® (GER40)

Long @ 15460

Short @ 15340

 

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

All Eyes On The Fed

/in /by

Very little movement was seen in both pairs EUR/USD and GBP/USD in the beginning of the week and before the FOMC meeting. In the euro we currently focus on a trading range between 1.08 and 1.06 while in the cable it will be interesting whether the pound also drops below 1.2330 and further towards 1.23. On the upside, resistance is seen at around 1.2550.

Today is Federal Reserve decision day and it is widely expected that the central bank will pause rate hikes. Instead, the focus will be on fresh economic projections and the dot plot forecast and whether another 2023 hike is in the cards. Traders expect that the Fed’s tightening campaign has ended. Thus, the U.S. dollar will rise if there are signals for further tightening, triggering a hawkish repricing of rate expectations.

The Fed decision and release of economic projections is scheduled for 18:00 UTC followed by the press conference 30 minutes later.

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 20/9/23:

EUR/USD

Long @ 1.0715

Short @ 1.0660

GBP/USD

Long @ 1.2435

Short @ 1.2330

DAX® (GER40)

Long @ 15740

Short @ 15640

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

U.S. CPI In Focus

/in /by

Both EUR/USD and GBP/USD were little changed Tuesday with the focus today turning to the U.S. Consumer Price Index (CPI) scheduled for release at 12:30 UTC. Market participants expect a mixed picture in the data while the key focus will be on whether a softer core inflation will be sufficient for the Federal Reserve to keep interest rates on hold.

Traders anticipate increased volatility around the CPI release.

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 13/9/23:

EUR/USD

Long @ 1.0675

Short @ 1.0725

GBP/USD

Long @ 1.2515

Short @ 1.2440

DAX® (GER40)

Long @ 15660

Short @ 15580

 

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 12/9/23:

EUR/USD

Long @ 1.0775

Short @ 1.0715

GBP/USD

Long @ 1.2560

Short @ 1.2480

DAX® (GER40)

Long @ 15840

Short @ 15780

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

Work-Life-Balance

/in /by

This week went quite well in terms of trading and although the DAX eliminated some previous profits yesterday, we were able to close our performance on balance positive. Thus, we stand this week +41 pips in EUR/USD, +56 pips in GBP/USD and still +40 points in the DAX in profit. This is enough for us for now, which is why we will not invest much more today.

We advise traders again and again to set a weekly profit target and as soon as this is reached, to let the trading rest and dedicate themselves to life :)

In this sense, 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.

 

German translation:

Diese Woche lief handelstechnisch ganz gut und obwohl der DAX uns gestern noch einen Strich durch die Rechnung machte, konnten wir unsere Performance unterm Strich positiv abschließen. Somit stehen wir diese Woche +41 pips im EUR/USD, +56 pips im GBP/USD und noch +40 Punkte im DAX im Gewinn. Das reicht uns erstmal weshalb wir heute nicht mehr viel investieren werden.

Wir raten Tradern immer wieder sich ein Wochengewinnziel zu setzten und sobald dieses erreicht ist, das Trading mal ruhen zu lassen und sich dem Leben zu widmen :)

In diesem Sinne wünschen wir allen ein schönes Wochenende.

 

Wenn auch Sie wissen möchten, wo wir unseren Stopp-Loss und Take-Profit setzen und ob wir an einem bestimmten Tag handeln oder nicht, sowie wie wir unsere Positionen managen, dann abonnieren Sie unseren Signalservice.

U.S. Dollar Strength To Continue?

/in /by

The U.S. dollar continued its climb against the euro and British pound which was mainly due to higher Treasury yields.

The EUR/USD fell below 1.0760 and extended its tailspin towards 1.07. The area around 1.0660 is seen as a next lower support, whereas on the upside, the 1.0850-70 zone may serve as a resistance for now.

The pound sterling dropped below 1.2540 and further towards 1.2480. We see a next lower target at around 1.2440. A short-term resistance is however seen at 1.2550.

In the DAX there is nothing new to report since it remains trading within its sideways trading range between 16300 and 15600.

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 7/9/23:

EUR/USD

Long @ 1.0760

Short @ 1.0715

GBP/USD

Long @ 1.2530

Short @ 1.2490

DAX® (GER40)

Long @ 15760

Short @ 15670

 

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

This week went off to a quiet start with very little movement in the U.S. dollar crosses. Our buy order in the GBP/USD at 1.2630 ended with a small loss of 4 pips. Elsewhere however, in the DAX, we were able to pocket a profit yesterday with a buy order at 15910 and a successful take profit at 15950.

Let’s see what today brings.

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 5/9/23:

EUR/USD

Long @ 1.0820

Short @ 1.0740

GBP/USD

Long @ 1.2630

Short @ 1.2580

DAX® (GER40)

Long @ 15790*

Short @ 15740

 

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

Quiet Start To The New Week?

/in /by

Friday’s U.S. jobs data came in slightly higher than expected while the unemployment rate jumped to 3.8 percent from previous 3.5 percent. The U.S. dollar strengthened across the board which was mainly due to higher treasury yields. U.S. markets are closed today due to Labour Day holiday which could lead to lighter trading volumes and a quieter start to the new week.

EUR/USD – Things are not looking good for the euro

After a failed bullish attempt to break the 1.0950-barrier last week, the single currency fell back towards 1.0770. Chances are in favor of more bearish momentum towards 1.0660, but more importantly 1.05.

GBP/USD

Traders will pay attention to a break below the 200-day-EMA at 1.2540 in order to sell the pound towards 1.2370. We favor a bearish stance in this pair as long as 1.27 remains intact.

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:

Facebook

Twitter

Instagram

New Month Starts With NFP

/in /by

We wish all traders a good and successful start into the month of September. We hope that you were able to recover a little during the summer and have recharged your batteries for trading ; )

Let’s take a look at the technical chart right at the beginning.

EUR/USD

After its last high at 1.1275 in July, the euro only gave up against the U.S. dollar. The tailspin was only stopped in August at just 1.0765, the ascending trendline. If the euro remains below 1.1050 and also falls below the 1.08-mark again, we generally expect a drop to 1.05 (red ellipse). On the other side, the few euro bulls are waiting for a renewed breakout above 1.12.

GBP/USD

The British pound has also been in a downtrend channel since July. The 200-day EMA was able to stop the fall above 1.2550 for the time being, but as long as the pound trades below 1.2850, it remains vulnerable to further losses.

DAX

The index marked a high of 16533 points on July 31. However, this level could not be maintained and so it also went downhill for the German index to 15465. Currently, we see the DAX back in its sideways trading range between 16300 and 15600, which has existed since April of this year. Thus, we have to wait and see.

Today at 12:30 UTC, the U.S. labor market data are due. This news could lead to some volatility in the dollar crosses as usual. We take it leisurely.

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Traders Brace For Higher Volatility This Week

/in /by

After several days of muted trading conditions, volatility is likely to increase this week, with major central bank decision on tab.

The Federal Reserve is widely expected to raise interest rates by 25bp on Wednesday. Traders’ focus will be on the forward guidance. If the Fed signals a further hawkish bias, the U.S. dollar will receive a boost.

On Thursday, the European Central Bank is also expected to deliver a quarter-point hike but unlike the U.S. dollar, the euro could be at risk of a sharp drop. Given the deterioration of growth in the eurozone, ECB policy makers may sound less committed about further tightening.

Last but not least, traders will assess the June PCE data on Friday. A higher reading would argue in favor of additional Fed tightening, and thus, benefit the greenback.

 

Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.

 

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