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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
April 8, 20200Comments

Analysis of EUR/USD and GBP/USD for April 8. Minutes of the Fed Meeting; US Number of Cases is Not Declining.

On April 7, the EUR / USD pair gained about 100 basis points and thus began, presumably, building an upward wave 3 in C. If this is true, then the increase in the instrument will resume with targets above the 11th figure after a small departure of quotes from the reached highs.
by Jeff Wecker
Forex Analysis
April 7, 20200Comments

Analysis of EUR/USD and GBP/USD for April 7. The First Successes Against Coronavirus; Boris Johnson’s Hospitalization

On April 6, the EUR/USD pair lost about 20 basis points, and thus, continued to build a prospective wave 2 as part of the future C. The instrument is still preparing to complete the construction of wave 2 and the transition to building wave 3.
by Jeff Wecker
Forex Analysis
April 6, 20200Comments

Analysis of EUR/USD and GBP/USD on April 6. Demand for US Dollar Remains High Despite Depressing Reports from US

On April 3, the EUR/USD pair lost about 50 basis points, and continued thus to build a prospective wave 2 as part of the future C. If this assumption is true, then the instrument will begin to increase quotes today with targets located above the peak of wave 1.
by Jeff Wecker
Forex Analysis
April 3, 20200Comments

Analysis of EUR/USD and GBP/USD for April 3. Dollar Leads Despite Possible Failure of US Statistics Today

On April 2, EUR / USD pair lost another 105 basis points, and thus, continued to build a prospective wave 2 as part of the future C. If this is correct, then we may begin raising the instrument within wave 3 in C in the coming days.
by Jeff Wecker
Forex Analysis
April 2, 20200Comments

Analysis of EUR/USD and GBP/USD for April 2. Dollar Keeps Afloat Thanks to Relatively Good Statistics From the US

On April 1, the EUR / USD pair lost another 75 basis points, and thus, continued to build a prospective wave 2 as part of the future C. If this assumption is correct, then the quotes of the instrument may resume rising within the framework of wave 3 in C in the next few days.
by Jeff Wecker
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