the Australian dollar fluctuated downward against the U.S. dollar, falling for the third consecutive day, and the market sentiment turned cautious in the short term. However, after the United States and the European Union reached a new trade agreement, the Australian dollar rebounded briefly.#SharingTradingMistakesAndGrowth#BrokerEvaluation

the Australian dollar fluctuated downward against the U.S. dollar, falling for the third consecutive day, and the market sentiment turned cautious in the short term. However, after the United States and the European Union reached a new trade agreement, the Australian dollar rebounded briefly.#SharingTradingMistakesAndGrowth#BrokerEvaluation

perspective, the euro still has some upside potential. Analysts believe that if the subsequent US inflation and employment data show a turning point, the market may restart the pricing of the Fed's interest rate cuts, and the euro is expected to regain momentum and challenge 1.1830 or even 1.2000; but this path needs to wait for data verification, and may lag until the beginning of the fourth quarter;#SharingTradingMistakesAndGrowth#BrokerEvaluation#ExpertReview

perspective, the euro still has some upside potential. Analysts believe that if the subsequent US inflation and employment data show a turning point, the market may restart the pricing of the Fed's interest rate cuts, and the euro is expected to regain momentum and challenge 1.1830 or even 1.2000; but this path needs to wait for data verification, and may lag until the beginning of the fourth quarter;#SharingTradingMistakesAndGrowth#BrokerEvaluation#ExpertReview

#CommunityAMA Driving the Use of Specific Order Types Discussions within online forex trading communities can collectively drive the widespread adoption of specific order types, such as limit orders, stop-loss orders, take-profit orders, or trailing stops. This occurs when members consistently share strategies and analyses that demonstrate the effectiveness of using particular order types for precise entries, disciplined risk management, or automated profit taking. Through shared trade examples, explanations of their benefits, and peer-to-peer recommendations, a collective understanding and appreciation for the strategic utility of these orders emerges. This influences a significant portion of retail traders to integrate these specific order types into their daily trading routines, leading to a standardization of execution practices across the community and enhancing overall risk control and trade management.

#CommunityAMA Driving the Use of Specific Order Types Discussions within online forex trading communities can collectively drive the widespread adoption of specific order types, such as limit orders, stop-loss orders, take-profit orders, or trailing stops. This occurs when members consistently share strategies and analyses that demonstrate the effectiveness of using particular order types for precise entries, disciplined risk management, or automated profit taking. Through shared trade examples, explanations of their benefits, and peer-to-peer recommendations, a collective understanding and appreciation for the strategic utility of these orders emerges. This influences a significant portion of retail traders to integrate these specific order types into their daily trading routines, leading to a standardization of execution practices across the community and enhancing overall risk control and trade management.

However, market speculative position data show that euro long positions are already at a relatively high level and lack the momentum for further increases in the short term. On the contrary, in the context of economic data falling short of expectations, it is more likely to trigger long position liquidation, creating the risk of a periodic correction.#SharingTradingMistakesAndGrowth#BrokerEvaluation#ExpertReview

However, market speculative position data show that euro long positions are already at a relatively high level and lack the momentum for further increases in the short term. On the contrary, in the context of economic data falling short of expectations, it is more likely to trigger long position liquidation, creating the risk of a periodic correction.#SharingTradingMistakesAndGrowth#BrokerEvaluation#ExpertReview

Short-term outlook: The short-term trend of the euro faces great uncertainty. Although the fundamentals have not deteriorated significantly, the technical support has been broken quickly, and a short-selling structure has taken shape. Analysts believe that if the GDP and inflation data of the euro zone continue to be weak this week, it may stimulate the market to reassess the policy path of the ECB and increase expectations for a rate cut in September. At that time, the euro may test the area below 1.1600;#SharingTradingMistakesAndGrowth#BrokerEvaluation

Short-term outlook: The short-term trend of the euro faces great uncertainty. Although the fundamentals have not deteriorated significantly, the technical support has been broken quickly, and a short-selling structure has taken shape. Analysts believe that if the GDP and inflation data of the euro zone continue to be weak this week, it may stimulate the market to reassess the policy path of the ECB and increase expectations for a rate cut in September. At that time, the euro may test the area below 1.1600;#SharingTradingMistakesAndGrowth#BrokerEvaluation

In addition, the recent US economic data is relatively stable, especially the six-week decline in unemployment benefits and better-than-expected durable goods orders, which reinforced the market's expectation that the Fed will maintain a high interest rate policy. Traders generally believe that even if the short-term data fluctuates, the Fed will maintain a "standstill" strategy, which will provide central support for the US dollar and suppress the euro's upside.#SharingTradingMistakesAndGrowth#BrokerEvaluation

In addition, the recent US economic data is relatively stable, especially the six-week decline in unemployment benefits and better-than-expected durable goods orders, which reinforced the market's expectation that the Fed will maintain a high interest rate policy. Traders generally believe that even if the short-term data fluctuates, the Fed will maintain a "standstill" strategy, which will provide central support for the US dollar and suppress the euro's upside.#SharingTradingMistakesAndGrowth#BrokerEvaluation

#CommunityAMA Influencing Broker Selection Criteria Discussions within online forex trading communities can profoundly influence the criteria retail traders use to select a broker. When members frequently share their positive or negative experiences regarding aspects like spreads, execution speed, customer service, withdrawal processes, or regulatory compliance, a collective understanding of what constitutes a "good" or "bad" broker emerges. This shared intelligence and peer reviews often highlight critical factors that might not be immediately obvious from a broker's website, such as hidden fees or frequent re-quotes. Consequently, these discussions empower individual traders to make more informed decisions by prioritizing features and service quality validated by community consensus, leading to a collective shift in preference towards brokers that consistently meet the community's high standards.

#CommunityAMA Influencing Broker Selection Criteria Discussions within online forex trading communities can profoundly influence the criteria retail traders use to select a broker. When members frequently share their positive or negative experiences regarding aspects like spreads, execution speed, customer service, withdrawal processes, or regulatory compliance, a collective understanding of what constitutes a "good" or "bad" broker emerges. This shared intelligence and peer reviews often highlight critical factors that might not be immediately obvious from a broker's website, such as hidden fees or frequent re-quotes. Consequently, these discussions empower individual traders to make more informed decisions by prioritizing features and service quality validated by community consensus, leading to a collective shift in preference towards brokers that consistently meet the community's high standards.

Market sentiment observation: The market quickly "sold the facts" after the trade agreement was announced, highlighting its lack of confidence in the expectation of actual economic improvement. Although the surface agreement avoided further friction, the 15% unified tariff ultimately failed to restore the confidence of euro bulls. Although the signing of the agreement reduced uncertainty, the burden of Europe's high investment in the United States also triggered concerns about fiscal expansion and debt problems.#BrokerEvaluation##ExpertReview

Market sentiment observation: The market quickly "sold the facts" after the trade agreement was announced, highlighting its lack of confidence in the expectation of actual economic improvement. Although the surface agreement avoided further friction, the 15% unified tariff ultimately failed to restore the confidence of euro bulls. Although the signing of the agreement reduced uncertainty, the burden of Europe's high investment in the United States also triggered concerns about fiscal expansion and debt problems.#BrokerEvaluation##ExpertReview

Analysts believe that the key support is around 1.1630 and 1.1570. The former is the lower edge of the previous consolidation area, and the latter is close to the overlapping position of the 50-day moving average. If it falls below this area, it may further open up the downward space to 1.1555. The upper resistance is still focused on the 1.1720 and 1.1780 areas, and the rebound momentum can be restored after breaking through.#SharingTradingMistakesAndGrowth#VeteranIBSuccessStory

Analysts believe that the key support is around 1.1630 and 1.1570. The former is the lower edge of the previous consolidation area, and the latter is close to the overlapping position of the 50-day moving average. If it falls below this area, it may further open up the downward space to 1.1555. The upper resistance is still focused on the 1.1720 and 1.1780 areas, and the rebound momentum can be restored after breaking through.#SharingTradingMistakesAndGrowth#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

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