A trader asked me this question: " Anyone who participates in the forex market will look for a profit?" This looks really funny at the first glance but actually the answer to this question would be really informative in order to find out some fundamental concepts of the currency market. Read more »
Trade77; EURJPY Lower Highs and Lows 7am
EURJPY price action is really simple to read these days as it's forming lower highs and lower lows in a downtrend after launching off its important daily trendline I mentioned before. Read more »
Trade77; Where Are The USD Bulls? 7am
Dollar index tested 76.87 this week after launching off its important 81.00 level a month ago. Bearish trend was really strong and despite of some better-than-expected news releases bears strength remained intact. Read more »
Trade77; EURJPY Daily Trendline 7pm
Price sharply bounced off the daily trendline I mentioned in twitter and decreased around 250pips in a day. Here I want to write about a possible short setup in this pair. Read more »
Trade77; USDJPY Daily Triangle Update 7am
I mentioned a daily triangle in this pair a week ago and now price is going up and down at the beneath bond of this triangle which is around 81.30 price level. Read more »
Trade77; EURGBP Technical Analysis 7pm
After rejection from 0.8650 resistant level price went down and reached near 0.8500 round level. Building lower highs and lower lows in shorter timeframes could be an indication of more falls as Cable is pretty strong these days. Read more »
Trade77; Trading Rules 7pm
I was watching my trading rules and I want to share them with you in an article and I hope they will be useful for you. Read more »
Trade77; USDCHF Ping Pong Zone 7am
Swissie is in the ping pong zone after bouncing off 78.6% Fibonacci retracement level. This range zone is between 0.9400 and 0.9470 and price went up and down so many times in this rectangle. Read more »
Trade77; EURAUD Near The Daily Trendline 7pm
A daily trendline resides around 1.3900 round level and price is near to reach it. Also if you see the chart below you will see that price level has acted as a resistant before. Read more »
Trade77; USDJPY Daily Triangle Setup 7am
Price is still in a tight range between 82.00 and 83.50 and despite of that, sentiment is still bullish and upward pressure on this pair is very big. Price has finally made a low at 80.23 and now is trading blow 83.00 level. Read more »