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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
June 17, 20200Comments

Analysis on EUR / USD and GBP / USD for June 17, 2020

On June 16, the EUR / USD pair again lost approximately 60 bps and thereby completed building supposed wave b to 4 in C in B. If so, then lowering the tool quotes will continue with the purposes arranged around levels and 100.0% 76.4% Fibonacci, under waves with a 4 to C to B.
by Jeff Wecker
Forex Analysis
June 16, 20200Comments

Analysis on EUR / USD and GBP / USD for June 16, 2020

On June 15, the EUR / USD pair gained about 70 bps, and thus, started the construction of the intended wavelength to b 4 to C to B. If so, then lowering the tool quotes resumes with the goals, levels arranged approximately 100.0% and 76.4% Fibonacci within wave with a 4 to C to B.
by Jeff Wecker
Forex Analysis
June 15, 20200Comments

Analysis of EUR/USD and GBP/USD for June 15. British GDP and Brexit Pull Down the Pound

On June 12, the EUR/USD pair lost around 40 basis points and continued building the expected wave 4 in C in B. If this is true, then the decline in the instrument's quotes will continue in the direction of the 100.0% and 76.4% Fibonacci levels.
by Jeff Wecker
Forex Analysis
June 12, 20200Comments

Analysis of EUR/USD and GBP/USD for June 12. Fed Accidentally Interfered with Donald Trump; US President Criticizes Fed Again

On June 11, the EUR/USD pair lost about 80 basis points after an unsuccessful attempt to break through the 161.8% Fibonacci level. Thus, the proposed wave 5 in 3 in C in B of the upward trend section is completed and wave 4 in C in B begins to form.
by Jeff Wecker
Forex Analysis
June 11, 20200Comments

Analysis for EUR/USD and GBP/USD on June 11. Fed Expecting Economic Recovery. Forecasts for 2020 Remain Weak.

On June 10, the euro/dollar pair gained about 30 basis points. At the end of the day, it hit the 161.8% Fibonacci level. However, the price failed to break the mentioned level and pulled back from the reached highs.
by Jeff Wecker
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