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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
July 2, 20200Comments

EUR/USD and GBP/USD analysis for July 2. Tensions Between Washington and Beijing Slowly Escalate. Markets Reluctant to Buy USD.

On July 1, the EUR/USD pair advanced by only 15 basis points. Thus, the current wave marking did not indicate any significant changes. However, I still expect the upward wave 5 to enter C or B area.
by Jeff Wecker
Forex Analysis
July 1, 20200Comments

Analysis of EUR/USD and GBP/USD for July 1. New Rising Tension Between Beijing and Washington; Dollar’s New Decline is Becoming More Real

On June 30, the EUR/USD pair lost only a few basis points, and thus, the current wave counting practically did not suffer any changes. The expected wave 4 in C in B has completed its construction, so now it is still expected to build an upward wave 5 in C in B.
by Jeff Wecker
Forex Analysis
June 29, 20200Comments

Analysis of EUR/USD and GBP/USD for June 29. US Begins to Tighten Quarantine Again due to a new Coronavirus Outbreak

On June 26, the EUR/USD pair has not won and has not lost a single basis point, and thus, the current wave markup has not changed at all and still assumes the construction of wave 5 in C in B.
by Jeff Wecker
Forex Analysis
June 26, 20200Comments

Analysis of EUR/USD and GBP/USD for June 26. ECB’s head, Christine Lagarde, Fears Second Wave of COVID-19 and Expects GDP to Fall -13% in the Second Quarter

On June 25, the EUR/USD pair has lost around 40 basis points, but has not violated the current wave counting, which involves the construction of an upward wave of 5 in C in B.
by Jeff Wecker
Forex Analysis
June 25, 20200Comments

Analysis of EUR/USD and GBP/USD for June 25. COVID-19 Possible Second Outbreak, but There will be no Re-Lockdown in Either the US or Europe

On June 24, the EUR/USD pair lost about 55 basis points and thus started building a new downward wave. However, this wave can belong to the wave 4 in C in B or be the second, corrective in the composition of the wave 5 in C in B.
by Jeff Wecker
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