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Jeff Wecker

Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group

Forex Analysis
August 7, 20200Comments

Analysis of EUR/USD and GBP/USD for August 7. Markets are Starting to Believe in the US Currency, Which is Linked to Strong Non-Farm in the US

On August 6, the EUR/USD pair gained about 20 pips, but still presumably completed the construction of a 5 in 5 in C in B. Today, August 7, a new departure of quotes from the reached highs began. The current wave markup looks completely complete.
by Jeff Wecker
Forex Analysis
August 6, 20200Comments

Analysis of EUR/USD and GBP/USD for August 6. Dr. Anthony Fauci: Testing for Coronavirus as it is Now is Basically Meaningless

On August 5, the EUR/USD pair gained about 60 pips and presumably completed the construction of wave 5 at 5 at C at B, since the quotes began to move away from the previously reached highs already today, and the current wave counting took a fully completed form.
by Jeff Wecker
Forex Analysis
August 5, 20200Comments

Analysis of EUR/USD and GBP/USD for August 5. Trump diverts American’s Attention Away from Coronavirus with Beirut’s Explosion

On August 4, the EUR/USD pair gained about 40 pips and supposedly completed the construction of wave 4 in 5 in C to B, judging by the subsequent retreat of quotes from the reached minimums.
by Jeff Wecker
Forex Analysis
August 4, 20200Comments

Outlook for EUR/USD and GBP/USD on July 4. Donald Trump: Coronavirus Cases

On August 3, the euro/dollar pair lost around 20 basis points. Judging by a pullback from the reached highs, it is highly possible that the pair finished the formation of waves 4, 5, C, B. If it is true, the quote may continue rising within waves 4, 5, C, B.
by Jeff Wecker
Forex Analysis
August 3, 20200Comments

Analysis of EUR/USD and GBP/USD for August 3. Trump Tried to Suggest Postponing the Election Because of the Coronavirus, However, it’s Impossible Because of the Democrats Controlling Congress

On July 31, the EUR/USD pair lost about 70 basis points and presumably completed the construction of wave 3, 5, C, B. If this is true, then the decline in quotes will continue within the wave 4, 5, C, B, however, it is unlikely for long.
by Jeff Wecker
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