The Bollinger Bands showed signs of "opening up". A large negative line broke through the support range between the middle and lower Bollinger bands. The current exchange rate is running near the lower Bollinger band. The short-term trend has fallen into a strong downward trend. The MACD indicator crosses above the zero axis and then quickly crosses down. The MACD histogram turns from positive to negative and continues to expand, and the trend bearish momentum is strengthened. The RSI index is near 38 and has not yet entered the oversold zone. There is still room for decline in the short term.#SharingTradingMistakesAndGrowth#BrokerEvaluation#VeteranIBSuccessStory

The Bollinger Bands showed signs of "opening up". A large negative line broke through the support range between the middle and lower Bollinger bands. The current exchange rate is running near the lower Bollinger band. The short-term trend has fallen into a strong downward trend. The MACD indicator crosses above the zero axis and then quickly crosses down. The MACD histogram turns from positive to negative and continues to expand, and the trend bearish momentum is strengthened. The RSI index is near 38 and has not yet entered the oversold zone. There is still room for decline in the short term.#SharingTradingMistakesAndGrowth#BrokerEvaluation#VeteranIBSuccessStory

From the 4-hour candlestick chart, the exchange rate quickly retreated after forming a top pattern at the high point of 1.1788, forming an obvious "false breakthrough" structure in the short term. The recent price has dropped to 1.1657, close to the medium-term key support area formed by the previous low of 1.1556.#BrokerEvaluation#SharingTradingMistakesAndGrowth#ExpertReview

From the 4-hour candlestick chart, the exchange rate quickly retreated after forming a top pattern at the high point of 1.1788, forming an obvious "false breakthrough" structure in the short term. The recent price has dropped to 1.1657, close to the medium-term key support area formed by the previous low of 1.1556.#BrokerEvaluation#SharingTradingMistakesAndGrowth#ExpertReview

This week, Europe's second quarter GDP and July inflation data will be released. The market expects GDP to show zero growth month-on-month, and inflation may fall below 2%, which will intensify market expectations for a potential rate cut by the European Central Bank in September, although the probability of a rate cut is currently only priced at 15%. If the data continues to weaken, it will confirm the market's prediction that the eurozone economic recovery is in doubt, suppressing the exchange rate's room for further rebound.#BrokerEvaluation#SharingTradingMistakesAndGrowth

This week, Europe's second quarter GDP and July inflation data will be released. The market expects GDP to show zero growth month-on-month, and inflation may fall below 2%, which will intensify market expectations for a potential rate cut by the European Central Bank in September, although the probability of a rate cut is currently only priced at 15%. If the data continues to weaken, it will confirm the market's prediction that the eurozone economic recovery is in doubt, suppressing the exchange rate's room for further rebound.#BrokerEvaluation#SharingTradingMistakesAndGrowth

relatively limited. It failed to completely eliminate tariffs, but only significantly reduced the original 30%, while the US still kept tariffs on some goods unchanged, which weighed on the euro. In addition, the European Central Bank is approaching the end of its monetary easing cycle, and the market's expectations for the Federal Reserve to cut interest rates in the short term have cooled significantly.#SharingTradingMistakesAndGrowth#BrokerEvaluation

relatively limited. It failed to completely eliminate tariffs, but only significantly reduced the original 30%, while the US still kept tariffs on some goods unchanged, which weighed on the euro. In addition, the European Central Bank is approaching the end of its monetary easing cycle, and the market's expectations for the Federal Reserve to cut interest rates in the short term have cooled significantly.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Fundamentals: The new trade agreement between the EU and the US has become the focus of market attention recently. The EU promised to invest 600 billion euros in the US in the next few years and expand its purchase of natural gas and arms from the US in exchange for a unified 15% tariff on major EU exports such as medicines, cars and chips. Although this move was called "successfully avoiding a structural impact on Germany's export economy" by German Chancellor Merz, the market did not buy it.#SharingTradingMistakesAndGrowth##ExpertReview

Fundamentals: The new trade agreement between the EU and the US has become the focus of market attention recently. The EU promised to invest 600 billion euros in the US in the next few years and expand its purchase of natural gas and arms from the US in exchange for a unified 15% tariff on major EU exports such as medicines, cars and chips. Although this move was called "successfully avoiding a structural impact on Germany's export economy" by German Chancellor Merz, the market did not buy it.#SharingTradingMistakesAndGrowth##ExpertReview

#CommunityAMA Driving the Use of Specific Chart Types Discussions within online forex trading communities can collectively drive the widespread use and preference for specific chart types, such as candlestick charts, line charts, or Renko charts. This happens when experienced traders or popular educators within the community consistently share their analyses, strategies, and trade setups using a particular chart type, demonstrating its perceived advantages for clarity, trend identification, or signal generation. Through shared visuals, explanations, and peer recommendations, a collective understanding and appreciation for the benefits of certain chart types emerge. This influences a significant portion of retail traders to adopt and standardize their visual representation of price action, often leading to a community-wide preference for a particular way of viewing the market, thereby impacting how individual traders interpret price movements and make trading decisions.

#CommunityAMA Driving the Use of Specific Chart Types Discussions within online forex trading communities can collectively drive the widespread use and preference for specific chart types, such as candlestick charts, line charts, or Renko charts. This happens when experienced traders or popular educators within the community consistently share their analyses, strategies, and trade setups using a particular chart type, demonstrating its perceived advantages for clarity, trend identification, or signal generation. Through shared visuals, explanations, and peer recommendations, a collective understanding and appreciation for the benefits of certain chart types emerge. This influences a significant portion of retail traders to adopt and standardize their visual representation of price action, often leading to a community-wide preference for a particular way of viewing the market, thereby impacting how individual traders interpret price movements and make trading decisions.

On Monday (July 28), the EUR/USD exchange rate briefly surged above 1.1750, then fell sharply, hitting a low of 1.1657, with the intraday range significantly expanded. The EU and the US reached a new trade agreement and announced a unified 15% tariff on European products, accompanied by a high investment commitment from the EU to the US. At the same time, the US dollar received continued support due to better-than-expected durable goods orders and labor data, further suppressing the euro's rebound space.#BrokerEvaluation##ExpertReview

On Monday (July 28), the EUR/USD exchange rate briefly surged above 1.1750, then fell sharply, hitting a low of 1.1657, with the intraday range significantly expanded. The EU and the US reached a new trade agreement and announced a unified 15% tariff on European products, accompanied by a high investment commitment from the EU to the US. At the same time, the US dollar received continued support due to better-than-expected durable goods orders and labor data, further suppressing the euro's rebound space.#BrokerEvaluation##ExpertReview

Losing funds due to an investment scam is nothing new. Many around the world are getting scammed by fraudulent forex brokers in the name of guaranteed returns. At first, you must fall for such fake promises. However, we can all commit mistakes. In case you get scammed, consider recovering your funds using these means immediately. Actions to Take Get in Touch with Your Bank/Financial Institution Do this immediately and request a reversal of the transaction or account freezing. Register a Complaint with Competent Authorities Immediately report the scam to the National Cyber Crime Reporting Portal or the local police. Collect Scam-related Evidence Collect all emails, receipts, and transaction details concerning the scam. Go Legal You can also consult a lawyer specialized in financial crime cases for effective guidance on these cases.

Losing funds due to an investment scam is nothing new. Many around the world are getting scammed by fraudulent forex brokers in the name of guaranteed returns. At first, you must fall for such fake promises. However, we can all commit mistakes. In case you get scammed, consider recovering your funds using these means immediately. Actions to Take Get in Touch with Your Bank/Financial Institution Do this immediately and request a reversal of the transaction or account freezing. Register a Complaint with Competent Authorities Immediately report the scam to the National Cyber Crime Reporting Portal or the local police. Collect Scam-related Evidence Collect all emails, receipts, and transaction details concerning the scam. Go Legal You can also consult a lawyer specialized in financial crime cases for effective guidance on these cases.

Analysts pointed out that at a stage when the Fed has not yet clarified its policy path, strong employment data not only represents consumer power supporting corporate profits, but also means that monetary policy may be more inclined to wait and see or even further tighten. Therefore, non-agricultural data will become one of the most watched economic events this week. If it is higher than expected, the US dollar may usher in a period of strengthening.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Analysts pointed out that at a stage when the Fed has not yet clarified its policy path, strong employment data not only represents consumer power supporting corporate profits, but also means that monetary policy may be more inclined to wait and see or even further tighten. Therefore, non-agricultural data will become one of the most watched economic events this week. If it is higher than expected, the US dollar may usher in a period of strengthening.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The July non-farm payrolls report for the United States will be released at 20:30 this Friday. The market expects 102,000 new jobs, a slight decline from the previous period, but still maintaining positive growth. Despite the increasing substitution of AI for low-end jobs and the impact of immigration policies on labor supply, the overall employment trend remains stable.#SharingTradingMistakesAndGrowth#BrokerEvaluation#VeteranIBSuccessStory

The July non-farm payrolls report for the United States will be released at 20:30 this Friday. The market expects 102,000 new jobs, a slight decline from the previous period, but still maintaining positive growth. Despite the increasing substitution of AI for low-end jobs and the impact of immigration policies on labor supply, the overall employment trend remains stable.#SharingTradingMistakesAndGrowth#BrokerEvaluation#VeteranIBSuccessStory

Powell maintains a cautious tone at the press conference and there is a divergence of internal positions in the resolution, the market may strengthen initially, but then may weaken again due to concerns about policy uncertainty, forming a repeated market trend of "first rise and then fall".#SharingTradingMistakesAndGrowth#BrokerEvaluation

Powell maintains a cautious tone at the press conference and there is a divergence of internal positions in the resolution, the market may strengthen initially, but then may weaken again due to concerns about policy uncertainty, forming a repeated market trend of "first rise and then fall".#SharingTradingMistakesAndGrowth#BrokerEvaluation

positions within the Federal Reserve. In particular, the two board members appointed by Trump, Waller and Bowman, have recently shown a dovish tendency. If the two vote together to support a rate cut, it will constitute a "rare double dissent" and the market is bound to be highly sensitive to this.#SharingTradingMistakesAndGrowth#BrokerEvaluation

positions within the Federal Reserve. In particular, the two board members appointed by Trump, Waller and Bowman, have recently shown a dovish tendency. If the two vote together to support a rate cut, it will constitute a "rare double dissent" and the market is bound to be highly sensitive to this.#SharingTradingMistakesAndGrowth#BrokerEvaluation

and the market reaction may rise first and then fall. The Fed will announce its latest interest rate decision at 02:00 this Thursday and hold a press conference at 02:30. At present, the market generally expects that there will be no interest rate adjustment this time. The real focus is on the hints on the future policy path, especially whether to cut interest rates in September, which has become the core of traders' hot discussion.#SharingTradingMistakesAndGrowth#BrokerEvaluation

and the market reaction may rise first and then fall. The Fed will announce its latest interest rate decision at 02:00 this Thursday and hold a press conference at 02:30. At present, the market generally expects that there will be no interest rate adjustment this time. The real focus is on the hints on the future policy path, especially whether to cut interest rates in September, which has become the core of traders' hot discussion.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If the data is higher than 3%, it will not only help confirm that the US economy has returned to normal track, but also strengthen the market's preference for US dollar assets; if it is lower than 2%, it will reignite market concerns about economic slowdown. However, as the Fed's interest rate decision is about to be released, analysts believe that the market impact of GDP data may be relatively short-lived.#BrokerEvaluation#SharingTradingMistakesAndGrowth

If the data is higher than 3%, it will not only help confirm that the US economy has returned to normal track, but also strengthen the market's preference for US dollar assets; if it is lower than 2%, it will reignite market concerns about economic slowdown. However, as the Fed's interest rate decision is about to be released, analysts believe that the market impact of GDP data may be relatively short-lived.#BrokerEvaluation#SharingTradingMistakesAndGrowth

The United States will release ADP private sector employment data at 20:15 this Wednesday. Although this data theoretically provides a forward-looking reference for the non-farm payrolls report, its market influence continues to decline due to its repeated deviations from official data in the past few months, especially the most recent one that even recorded a decrease in jobs.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The United States will release ADP private sector employment data at 20:15 this Wednesday. Although this data theoretically provides a forward-looking reference for the non-farm payrolls report, its market influence continues to decline due to its repeated deviations from official data in the past few months, especially the most recent one that even recorded a decrease in jobs.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Traders are more concerned about actual actions and policy trends. Analysts pointed out that if the ADP data is weak, the market may tend to "automatically ignore" it; but if the data is unexpectedly strong, it will be re-weighted and may push up expectations for the upcoming non-agricultural data, triggering short-term market fluctuations.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Traders are more concerned about actual actions and policy trends. Analysts pointed out that if the ADP data is weak, the market may tend to "automatically ignore" it; but if the data is unexpectedly strong, it will be re-weighted and may push up expectations for the upcoming non-agricultural data, triggering short-term market fluctuations.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Recently, the United States and Europe have reached a tariff agreement with a tariff rate of 15%, which is the same as the previous agreement between the United States and Japan. The market generally interprets this as a positive signal that the trade environment is stabilizing. In sharp contrast, there has been no substantial breakthrough between the United States and India and the United States and South Korea. Considering that US President Trump has unexpectedly announced additional tariffs at critical moments many times, the market is highly concerned about whether heavy tariffs of more than 20% will suddenly be imposed on India or South Korea this week.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Recently, the United States and Europe have reached a tariff agreement with a tariff rate of 15%, which is the same as the previous agreement between the United States and Japan. The market generally interprets this as a positive signal that the trade environment is stabilizing. In sharp contrast, there has been no substantial breakthrough between the United States and India and the United States and South Korea. Considering that US President Trump has unexpectedly announced additional tariffs at critical moments many times, the market is highly concerned about whether heavy tariffs of more than 20% will suddenly be imposed on India or South Korea this week.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Analysts believe that once Trump launches a tariff policy that exceeds market expectations, it will quickly trigger a rise in risk aversion sentiment, especially the US dollar, gold and US bonds may strengthen simultaneously; this also means that the current trade agreement is not only related to the stability of the global supply chain, but has also become an important indicator affecting the foreign exchange market and commodities.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Analysts believe that once Trump launches a tariff policy that exceeds market expectations, it will quickly trigger a rise in risk aversion sentiment, especially the US dollar, gold and US bonds may strengthen simultaneously; this also means that the current trade agreement is not only related to the stability of the global supply chain, but has also become an important indicator affecting the foreign exchange market and commodities.#SharingTradingMistakesAndGrowth#BrokerEvaluation

#CommunityAMA Promoting Specific Trading Indicators Discussions within online forex trading communities can collectively promote the widespread adoption and focus on specific trading indicators. This occurs when influential members, or those who consistently share successful analyses, repeatedly highlight and demonstrate the utility of particular indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or various moving averages. Through shared charts, backtesting results, and real-time trade examples, a shared understanding and belief in the efficacy of these specific tools emerges. This influences a significant portion of the retail trading community to integrate these particular indicators into their own technical analysis setups, often leading to a standardization of visual cues and analytical approaches across many individual traders, and potentially contributing to self-fulfilling price movements as many act on the same signals.

#CommunityAMA Promoting Specific Trading Indicators Discussions within online forex trading communities can collectively promote the widespread adoption and focus on specific trading indicators. This occurs when influential members, or those who consistently share successful analyses, repeatedly highlight and demonstrate the utility of particular indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or various moving averages. Through shared charts, backtesting results, and real-time trade examples, a shared understanding and belief in the efficacy of these specific tools emerges. This influences a significant portion of the retail trading community to integrate these particular indicators into their own technical analysis setups, often leading to a standardization of visual cues and analytical approaches across many individual traders, and potentially contributing to self-fulfilling price movements as many act on the same signals.

#CommunityAMA Amplifying the "Fear of Missing Out" (FOMO) Discussions within online forex trading communities can powerfully amplify the "Fear of Missing Out" (FOMO) among retail traders. When numerous members actively share their successful trades, highlight rapidly moving opportunities, or express strong conviction about an impending market move, it creates a palpable sense of urgency and perceived exclusivity. This constant stream of "wins" and "hot tips" can lead individual traders to feel that they are being left behind if they don't jump into a trade, even if it doesn't align with their own strategy or risk tolerance. The collective excitement and apparent success of others can override rational decision-making, prompting impulsive entries into already extended moves or highly speculative positions, often resulting in significant losses as the market corrects or reverses.

#CommunityAMA Amplifying the "Fear of Missing Out" (FOMO) Discussions within online forex trading communities can powerfully amplify the "Fear of Missing Out" (FOMO) among retail traders. When numerous members actively share their successful trades, highlight rapidly moving opportunities, or express strong conviction about an impending market move, it creates a palpable sense of urgency and perceived exclusivity. This constant stream of "wins" and "hot tips" can lead individual traders to feel that they are being left behind if they don't jump into a trade, even if it doesn't align with their own strategy or risk tolerance. The collective excitement and apparent success of others can override rational decision-making, prompting impulsive entries into already extended moves or highly speculative positions, often resulting in significant losses as the market corrects or reverses.