profitable Forex signals

Bullish Breakouts

November 16, 2023/in General News & Updates /by MaimarFX

We didn’t trade the EUR/USD and GBP/USD yesterday after we were able to pocket a good gain on Tuesday amid strong bullish breakouts. U.S. inflation came in below expectations, a fact that has crushed a hawkish repricing that would have benefit the greenback. The euro surged to a high of 1.0887 from where it consolidated yesterday. Higher targets are now seen at 1.0940 and 1.10 while we expect a fresh support to come in at around 1.0730.

The GBP/USD is currently hovering around 1.24 after it was unable to break significantly above 1.25. For the bullish bias to continue, the cable will need to stabilize above 1.24 while traders will focus on a break above 1.2510 in order to go for 1.26.

The DAX broke above 15600 and headed towards 15800. The next crucial target for traders will be the crucial 16000-barrier. Our former breakout-area at 15600 could now turn into a support zone.

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.

U.S. Dollar Rebound

June 29, 2023/in General News & Updates /by MaimarFX

The U.S. dollar rebounded against the British pound and the euro following hawkish comments from Federal Reserve Chair Jerome Powell.

The Fed chairman said at a central banking forum in Sintra, Portugal, that more tightening is coming and that a broad majority of Fed officials support two additional rate hikes this year. Furthermore, he admitted that he doesn’t expect core inflation to get to 2.0 percent until 2025. This could mean no rate cuts next year. Tomorrow’s PCE deflator could be of particular interest in terms of more clarity on the inflation outlook. A surprise to the upside could bolster the greenback.

Many traders, however, remain doubtful about a renewed round of tightening.

GBP/USD: The cable sold off towards the 1.26-support. If the pair now slips below 1.2580, we will turn our focus to a next lower target at around 1.2510. Bulls on the other side, will keep tabs on prices above 1.2770 in order to buy pounds toward 1.2850.

Looking at our signal performance in June we can say that it has been a highly profitable trading month with +188 pips in the GBP/USD, +47 pips in the EUR/USD and +247 points in the DAX. We will therefore not reinvest our monthly profits during the last two trading days of the month.

We hope that you were also able to profit in the markets in June and wish you many more profitable trades to come.

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.

Any and all liability of the author is excluded.

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Trading Profits And A Hawkish Takeaway

June 15, 2023/in General News & Updates /by MaimarFX

It came as expected, but with a hawkish takeaway. The Federal Reserve paused rate hikes in June after 15 months of interest rate increases but there is less conviction for markets now that yesterday’s decision will mark the end of its tightening cycle. The Federal Open Market Committee stated that this month’s pause aims to allow the officials to assess more incoming data and Powell added that nearly all FOMC officials expect ‘some’ further rate hikes. Additionally, the dot plot peak rate for 2023 revised to 5.6 percent form previous 5.1 percent, which suggests another 50bp tightening by the end of this year.

The U.S. dollar gained following the more hawkish dot plot projections and thus, corrected recent gains in the EUR/USD and GBP/USD.

Our yesterday’s signal entries have proved highly profitable with two long entries in both pairs, providing only yesterday +64 pips in the EUR/USD and +80 pips in the GBP/USD.

Today, we will have the European Central Bank decision due at 12:15 UTC followed by the ECB press conference. It is expected that officials will raise rates by 25bp but may signal on a dovish guidance.

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.

www.maimar.co

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U.S. Dollar Sells Off After Less-Hawkish Fed Statement

March 23, 2023/in General News & Updates /by MaimarFX

We got what we were looking for: A volatile price breakout with a good profit. We were able to catch a 100-pips-gain in the EUR/USD amid a broad-based sell-off in the U.S. dollar. The greenback’s move was prompted by the Federal Reserve’s softer guidance, which was less hawkish, suggesting that the central bank’s rate hike cycle is close to its end. This bearish outcome led to the sell-off in the dollar and pushed other counterparts higher in turn.

EUR/USD: Focus is now on the 1.0930-50-resistance zone. A break above 1.0960 could lead to a test of the 1.1033-February-high. A current support is seen at around 1.0750.

GBP/USD: Next hurdle lies at 1.2350, followed by the crucial 1.2450-resistance. The 1.22-area could act as a support for now.

The Bank of England is due to decide on interest rate hikes today. Any less-hawkish monetary policy decision could see sterling trade lower.

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.

www.maimar.co

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Profitable Trading Day

March 8, 2023/in General News & Updates /by MaimarFX

What a trading day!

Market participants rushed to reprice Federal Reserve rate hike expectations after Fed Chair Jerome Powell’s hawkishness strengthened the U.S. dollar which rose to fresh highs against its counterparts. Powell stated the ultimate rate peak is likely to higher than expected and the Fed is ready to increase the pace of rate hikes if needed. This was enough for traders to go short in the euro, cable and DAX, providing us a very good profit yesterday.

Generally speaking, the dollar looks to gain further now.

GBP/USD

The British pound looks primed for a next leg down as it attempts to break below 1.18-support. The strong bearish candle in the cable’s daily chart suggests similar.

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.

www.maimar.co

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No Signal Service From 13 To 24 February

February 13, 2023/in General News & Updates /by MaimarFX

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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GBP/USD: Correction Ended?

January 25, 2023/in General News & Updates /by MaimarFX

As anticipated the GBP/USD corrected recent gains and tested the support area between 1.23 – 1.2250. If 1.23 holds, a next leg up is possible with a potential upside breakout above 1.2450. However, another fall below 1.2280 could see a bearish move towards 1.22.

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 25/1/23:

EUR/USD

Long @ 1.0920

Short @ 1.0865

GBP/USD

Long @ 1.2340

Short @ 1.2310

DAX® (GER40)

Long @ 15110

Short @ 15040

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.

Profitable Trades

January 24, 2023/in General News & Updates /by MaimarFX

As for our two major currency pairs, it has been a profitable start to the new week. In terms of profits, however, the DAX is lagging behind but we await a price breakout very soon. We will keep tabs on prices either above 15200 or below 15000.

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 24/1/23:

EUR/USD

Long @ 1.0920

Short @ 1.0860

GBP/USD

Long @ 1.2410

Short @ 1.2370

DAX® (GER40)

Long @ 15180

Short @ 15080

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.

Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

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Profitable Forex Trading Week

December 16, 2022/in General News & Updates /by MaimarFX

Dear traders,

As for the currencies, it has been a profitable trading week for us, so we will save our profits now.

Have a beautiful and restful weekend!

Our trading ideas for today 16/12/22:

EUR/USD

Long @ 1.0665

Short @ 1.0615

GBP/USD

Long @ 1.2225

Short @ 1.2170

DAX® (GER40)

Long @ 14060

Short @ 13980 Trade has hit profit target

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.

www.maimar.co

Follow us on social media:

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Profit With The Bulls

December 9, 2022/in General News & Updates /by MaimarFX

Bullish momentum persisted on eased demand for safe havens. The U.S. dollar dropped for the third day against most of its major counterparts. We were able to profit within the ongoing bull run. Beside our day trading signals and based on yesterday’s chances toward a further bullish breakout, we went long in the EUR/USD at 1.0503, as well as long in the GBP/USD at 1.2193. Final take-profits are set at 100 pips but we secured a big portion of both positions this morning.

Next week will be busy with high-profile event risk on the docket.

So, until we are in the starting blocks for next week, we wish you a restful and peaceful 3^rd Advent weekend.

Our trading ideas for today 9/12/22:

EUR/USD

Long @ 1.0590

Short @ 1.0520

GBP/USD

Long @ 1.2280

Short @ 1.2230*

DAX® (GER40)

Long @ 14340

Short @ 14270

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.