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100 Points DAX Profit

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We were able to catch a big fish yesterday with our buy order in the DAX which provided a gain of 100 points.

Have a fabulous weekend everyone!

Our trading ideas for today 25/11/22:

EUR/USD

Long @ 1.0430

Short @ 1.0380

GBP/USD

Long @ 1.2130

Short @ 1.2090

DAX® (GER40)

Long @ 14580

Short @ 14490

Settings for all trades today: Entries from 8:00 am UTC, SL 25

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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Profitable Start

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Friday’s U.S. payrolls report offered a mixed picture with 261k new jobs in October and a higher unemployment rate of 3.7 percent. The payrolls advance was the least since December 2020 and given that the Federal Reserves’ aggressive tightening is weighing on employment, it’s only logical that the dollar fell in response to the report. Traders are leaning toward a downshift in the Fed’s pace of tightening to 50bp in December.

On November 8, the U.S. mid-term elections could lead to a change in which party controls Congress. However, the result’s impact to the dollar might be limited.

The market’s focus then shifts to the October consumer price index (CPI) due on Thursday. A lower reading would likely encourage more risk-taking. This could buoy the dollar’s counterparts on speculation the Fed could ease its rate-hiking path.

The British pound fell 2 percent as the Bank of England lifted rates to 3 percent and warned that the U.K. faces a protracted slowdown. Only Friday’s mixed payrolls report helped the pound to recover from lower levels on the back of a weakening dollar. However, sterling might be vulnerable to further losses with banks predicting a fall below $ 1.10 by the end of the year.

Our trading ideas for today 7/11/22:

EUR/USD

Long @ 0.9960 Hit TP

Short @ 0.9915

GBP/USD

Long @ 1.1330 Hit TP

Short @ 1.1290

DAX® (GER40)

Long @ 13480 Hit TP

Short @ 13430

Settings for all trades today:  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

Follow us on social media:

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GBP/USD: Imminent Price Breakout?

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This week started profitable with our sell position in the EUR/USD at 1.1035. The pair fell towards 1.0960 and if also 1.0940 breaks, we expect further losses towards 1.0880.

We will now keep an eye on the GBP/USD which looks primed for an upcoming price breakout of its narrow trading range. This morning we will pay particular attention to prices either above 1.3125 or below 1.3090. A higher target is at 1.32, whereas on the downside, the 1.30-zone could be tested again.

 

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, DAX And Crypto Signals for 5/4/22:

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 @ 1.1015

Short @ 1.0930

GBP/USD

Long @ 1.3165

Short @ 1.3080

DAX® (GER30)

Long @ 14520

Short @ 14470

ETH/USD

Long @ 3530

Short @ 3480

GBP/USD Corrects From Overbought Levels

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The GBP/USD corrected gains as expected but held above 1.3180 – so far. As stated in yesterday’s analysis we will pay attention to a break below 1.3170 that could see further losses towards 1.30 and 1.2950. A break above 1.3215, on the other side, could see another leg up towards 1.3350.

The EUR/USD trended towards 1.0960. Our short trade at 1.1020 with a profit target of 40 pips has thus proved profitable. A short-term resistance is seen at 1.1050.

Also, our yesterday’s long trade in the DAX at 14360 provided a good profit for bulls. Gains could be extended until 14800 – provided that the index remains above the 14000- threshold.

 

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, DAX And Crypto 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:

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Profitable Monday

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Monday has been a very profitable trading day in the EUR/USD with our long entry at 1.0940 being triggered and hitting profit target at 1.0980 two times. Profit result +80 pips. Our buy attempt in the GBP/USD ended with a small loss of -10 pips which does not weigh on the performance.

EUR/USD: We will now pay attention to an upside break above 1.1060 in order to expect a re-test of 1.11-1.1130. On the downside, a dip below the 1.0720-mark will be of interest in terms of further losses.

GBP/USD: As long as sterling holds above 1.2950, a rebound towards 1.3150-1.32 is in the cards.

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.

Daily Forex, DAX And Crypto Signals:

Long @ 1.1025

Short @ 1.0960

GBP/USD

Long @ 1.3065

Short @ 1.3020

DAX® (GER30)

Long @ 13780 Trade has hit profit target

Short @ 13690 Trade has hit profit target

ETH/USD

Long @ 2570

Short @ 2510

 

Monthly results 2022:

February 2022: +531 pips

January 2022: +766 pips

 

Results 2021:

December 2021: +61 pips

November 2021: +452 pips

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

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Profitable Trade: Euro Rises On ECB Rate Hike Bets

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While it was a highly profitable ‘bullish’ trading day in the EUR/USD, the GBP/USD lagged behind and provided more fake-outs than break-outs.

The market has been overly-aggressive in terms of Bank of England rate forecasts which was evident in the cable’s latest upward move towards 1.3750. The BoE raised rates as expected while the central bank’s forecast suggests further hikes are now likely in March and May with the risk of a further move in August. This hawkish outlook was however nothing that the market has not already been priced in and thus, the GBP/USD failed to generate large market moves yesterday. Governor Andrew Bailey even cautioned against thinking “rates are now on an inevitable long march upwards.”

The situation was different and much more profitable in the EUR/USD. We went long at 1.1310 and took profit at 1.1410. The euro broke out of the technical rectangle (our analysis from 3/2/22) and started its run towards 1.1480. Reason for the bullish breakout were bets on an ECB rate hike in 2022 while ECB President Christine Lagarde spoke. She refused to repeat that a rate hike was very unlikely this year. This is interpreted as less dovish and pushed the euro upwards.

Today we will have the U.S. nonfarm payrolls report on tab at 13:30 UTC but we will stay on the sidelines ahead of the report and save our weekly profits.

Have a good weekend everyone!

 

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

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Off To A Good Start

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The trading week started profitable.

EUR/USD: We have already reached our bullish target at 1.1220 and secured a good gain (we went long at 1.1175 yesterday).

Next price levels to watch out for: Above 1.1290 chances are slightly in favor of the bulls with higher targets seen at 1.1350 and 1.1380. If the euro, however, falls back below 1.12 (and further below 1.1180) sentiment changes in favor of the bears with lower targets seen at 1.1050 and 1.10.

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 @ 2780

Short @ 2660

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:

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Profits And Bearish Breakouts

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Also Thursday has proved to be a profitable trading day while traders were able to secure additional gains by using our signals for both currency pairs and the DAX.

EUR/USD – Bearish bias

The pair slipped below 1.1180 and immediately extended its slide toward 1.1130. Bears are back in control and may push the euro even lower despite the already deeply oversold situation. A crucial next target is 1.10 but the potential downward move will not happen straight-lined, so watch out for short-term corrections. A promising level for sellers to jump in will now be at around 1.1230.

GBP/USD – Supports breached but 1.3350 holds

As written in Thursday’s analysis, bears will wait for a break below 1.3350 in order to sell sterling toward 1.32. A lower resistance at 1.35 could attract sellers to jump back in.

We wish everyone a beautiful weekend!

 

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.

Follow us on social media:

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Profitable Trading Days

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Tuesday has been a very profitable trading day and we got what we have been looking for – a correction from overbought price levels in both EUR/USD and GBP/USD. Many thanks for all the positive feedback coming from traders in the last few days! We are happy that you were able to profit with our signals and assistance.

Monthly results (in pips):

January 2022

EUR/USD +97
GBP/USD +130
DAX® +285

Today we will secure our profits and stay on the sidelines. Nonetheless, let’s take a brief look at the technical picture.

EUR/USD: The euro approaches the 1.13-support. Around the 1.13-mark we might see buyers trying to push the pair back upwards toward 1.1380 but if this support-mark breaks significantly to the downside (which would mean a fall below 1.1270) we will shift our focus to 1.1220 and 1.12.

GBP/USD: The cable has hit our bearish profit target at 1.36. Whether we will see further losses remains to be seen and hinges on Federal Reserve rate hike speculations. The FOMC decision is coming up next week. A break below 1.3560 could increase bearish momentum and drive the pair toward a test of 1.35. On the upside, a crucial resistance is seen at 1.37.

Also trading the DAX has proved to be very profitable recently with our performance for the month of January standing at a profit of 285 points. On the topside, the 16300-handle remains an important hurdle to overcome for the bulls but more attention should be given to a potential test of the 15300-support.

 

Try out our new signals for cryptocurrencies:

ETH/USD

Long @ 3190

Short @ 3040

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

Short Traders Profit Amid Market Anxiety

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Wednesday has been a highly profitable trading day for us as we were able to catch a 100-points-gain while trading the dip in the DAX while elsewhere, all profit targets in the EUR/USD and GBP/USD have been reached as well. The ADP report came in better than expected and although the impact on the greenback was minimal, traders brace for stronger non-farm payrolls tomorrow. These expectations could buoy the U.S. dollar ahead of Friday’s report.

Additionally, the U.S. debt ceiling and the risk of a standoff between the Democrats and Republicans is adding uncertainty. This game of chicken is likely to accompany us through the end of this year.

DAX

The index stopped its fall shy of 14800. A break below 14800 would have generated a stronger sell signal but now that the imminent danger of such break is over, we see a strong rebound towards 15200. For bullish action to resume we must see a break above 15300. A higher target is seen at 15600. On the downside, we would now wait for a break below 14750 in order to shift our focus to 14400.

EUR/USD

The euro follows its steeper downtrend channel with a lower target now seen at 1.1480. If the pair is, however, able to stabilize above 1.1610 we could see a run for 1.17.

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.

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