Last Friday's sharp drop has broken through the 38.2% Fibonacci retracement level (from the July low to the 151 high), marking a bearish technical trigger. The current price is finding support around 146.75 (50% retracement level). A break below this level will target 146.00 and even the 61.8% retracement support area of 145.85.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Last Friday's sharp drop has broken through the 38.2% Fibonacci retracement level (from the July low to the 151 high), marking a bearish technical trigger. The current price is finding support around 146.75 (50% retracement level). A break below this level will target 146.00 and even the 61.8% retracement support area of 145.85.#BrokerEvaluation#SharingTradingMistakesAndGrowth

The market currently predicts an over 80% probability of a September rate cut, bringing the cumulative rate cuts to 65 basis points by year-end. This, coupled with the impending resignation of Fed Governor Kugler, has triggered a plunge in US Treasury yields, putting continued selling pressure on the US dollar.#YourFavoriteEATool

The market currently predicts an over 80% probability of a September rate cut, bringing the cumulative rate cuts to 65 basis points by year-end. This, coupled with the impending resignation of Fed Governor Kugler, has triggered a plunge in US Treasury yields, putting continued selling pressure on the US dollar.#YourFavoriteEATool

July's nonfarm payroll figures were only 73,000, significantly below expectations. Data for May and June were also significantly revised downward, with June's employment figure revised from 147,000 to just 14,000, dampening market confidence. "The data showed a significant slowdown in the labor market, and coupled with Trump's dismissal of a senior Census Bureau official, the dollar's safe-haven status and the data's credibility were both undermined."#SharingTradingMistakesAndGrowth#BrokerEvaluation

July's nonfarm payroll figures were only 73,000, significantly below expectations. Data for May and June were also significantly revised downward, with June's employment figure revised from 147,000 to just 14,000, dampening market confidence. "The data showed a significant slowdown in the labor market, and coupled with Trump's dismissal of a senior Census Bureau official, the dollar's safe-haven status and the data's credibility were both undermined."#SharingTradingMistakesAndGrowth#BrokerEvaluation

The US non-farm payroll data has raised questions about the credibility of the data and increased expectations of interest rate cuts, limiting the dollar's gains.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The US non-farm payroll data has raised questions about the credibility of the data and increased expectations of interest rate cuts, limiting the dollar's gains.#SharingTradingMistakesAndGrowth#BrokerEvaluation

"The defeat of Japan's ruling party in the local elections in July also increased the political pressure on the Bank of Japan to maintain loose monetary policy." This put pressure on the yen, pushing USD/JPY to stop falling and stabilize in the Asian session.#SharingTradingMistakesAndGrowth

"The defeat of Japan's ruling party in the local elections in July also increased the political pressure on the Bank of Japan to maintain loose monetary policy." This put pressure on the yen, pushing USD/JPY to stop falling and stabilize in the Asian session.#SharingTradingMistakesAndGrowth

Market expectations for a Bank of Japan rate hike this year have quickly retreated after the Bank of Japan downgraded its economic outlook last week and expressed concerns about the impact of U.S. tariffs. BoJ Governor Kazuo Ueda emphasized the bank's "continuous assessment of data" and gave no indication of any near-term interest rate hike intentions.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Market expectations for a Bank of Japan rate hike this year have quickly retreated after the Bank of Japan downgraded its economic outlook last week and expressed concerns about the impact of U.S. tariffs. BoJ Governor Kazuo Ueda emphasized the bank's "continuous assessment of data" and gave no indication of any near-term interest rate hike intentions.#SharingTradingMistakesAndGrowth#BrokerEvaluation

After a sharp drop of more than 350 points last Friday, USD/JPY found initial support around 147.00 on Monday. The cooling of the Bank of Japan (BoJ) rate hike expectations and the weak US NFP data have led to strong bets on a September rate cut by the Federal Reserve, putting the currency pair in a short-term adjustment pattern with unclear direction.#SharingTradingMistakesAndGrowth#BrokerEvaluation

After a sharp drop of more than 350 points last Friday, USD/JPY found initial support around 147.00 on Monday. The cooling of the Bank of Japan (BoJ) rate hike expectations and the weak US NFP data have led to strong bets on a September rate cut by the Federal Reserve, putting the currency pair in a short-term adjustment pattern with unclear direction.#SharingTradingMistakesAndGrowth#BrokerEvaluation

In the short term, the currency pair may remain in the range of 1.3750-1.3840. We need to pay close attention to the US ISM Services PMI released on Tuesday and the subsequent oil price trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

In the short term, the currency pair may remain in the range of 1.3750-1.3840. We need to pay close attention to the US ISM Services PMI released on Tuesday and the subsequent oil price trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

#CommunityAMA Influencing Perceptions of Market Efficiency Discussions within online forex trading communities can collectively influence the perception of market efficiency. When members frequently share theories about "smart money" movements, institutional manipulation, or hidden market cycles, it creates a collective belief in the market's inefficiency and predictability. This shared narrative often leads traders to search for a "holy grail" indicator or a secretive strategy that exploits these perceived flaws. It can distract them from the reality of a largely random and efficient market, causing them to dismiss losses as external factors and hindering their ability to develop disciplined, probability-based trading systems.

#CommunityAMA Influencing Perceptions of Market Efficiency Discussions within online forex trading communities can collectively influence the perception of market efficiency. When members frequently share theories about "smart money" movements, institutional manipulation, or hidden market cycles, it creates a collective belief in the market's inefficiency and predictability. This shared narrative often leads traders to search for a "holy grail" indicator or a secretive strategy that exploits these perceived flaws. It can distract them from the reality of a largely random and efficient market, causing them to dismiss losses as external factors and hindering their ability to develop disciplined, probability-based trading systems.

#CommunityAMA Shaping Collective Views on Geopolitical and Economic Calendars Discussions within online forex trading communities can collectively shape the community's views on the importance and interpretation of geopolitical and economic calendars. When members frequently highlight specific, high-impact events like Non-Farm Payrolls (NFP), Federal Reserve press conferences, or CPI data releases, a shared understanding of their significance solidifies. This peer-driven focus often dictates when traders are most alert, when they avoid the market due to volatility, or when they actively seek to trade the news. This leads to a collective alignment of attention on certain dates and times, influencing a community-wide strategy for navigating fundamental data releases.

#CommunityAMA Shaping Collective Views on Geopolitical and Economic Calendars Discussions within online forex trading communities can collectively shape the community's views on the importance and interpretation of geopolitical and economic calendars. When members frequently highlight specific, high-impact events like Non-Farm Payrolls (NFP), Federal Reserve press conferences, or CPI data releases, a shared understanding of their significance solidifies. This peer-driven focus often dictates when traders are most alert, when they avoid the market due to volatility, or when they actively seek to trade the news. This leads to a collective alignment of attention on certain dates and times, influencing a community-wide strategy for navigating fundamental data releases.

#communityAMA Promoting a "Trader Accountability" Culture Discussions within online forex trading communities can collectively promote a culture of accountability. When members openly share their trading results, both wins and losses, and engage in constructive self-criticism, it fosters a shared value for transparency and personal responsibility. This is often reinforced by mentors or experienced traders who emphasize the importance of owning one's mistakes and learning from them. This peer-driven culture influences individual traders to be more honest with themselves about their performance, encouraging them to keep a trading journal, analyze their failures, and focus on self-improvement rather than external blame.

#communityAMA Promoting a "Trader Accountability" Culture Discussions within online forex trading communities can collectively promote a culture of accountability. When members openly share their trading results, both wins and losses, and engage in constructive self-criticism, it fosters a shared value for transparency and personal responsibility. This is often reinforced by mentors or experienced traders who emphasize the importance of owning one's mistakes and learning from them. This peer-driven culture influences individual traders to be more honest with themselves about their performance, encouraging them to keep a trading journal, analyze their failures, and focus on self-improvement rather than external blame.

#CommunityAMA Standardizing Trading Setups for Specific Timeframes Discussions within online forex trading communities can collectively standardize trading setups for specific timeframes. When a particular strategy, such as a breakout on the 15-minute chart or a moving average crossover on the 4-hour chart, is repeatedly shared and validated by successful traders, it creates a powerful sense of social proof. This collective endorsement influences a large number of traders to adopt these specific setups, leading to a community-wide preference for certain timeframes and entry criteria. This can, in turn, create a self-fulfilling prophecy where concentrated trading activity around these setups can actually amplify price movements, especially in less liquid markets.

#CommunityAMA Standardizing Trading Setups for Specific Timeframes Discussions within online forex trading communities can collectively standardize trading setups for specific timeframes. When a particular strategy, such as a breakout on the 15-minute chart or a moving average crossover on the 4-hour chart, is repeatedly shared and validated by successful traders, it creates a powerful sense of social proof. This collective endorsement influences a large number of traders to adopt these specific setups, leading to a community-wide preference for certain timeframes and entry criteria. This can, in turn, create a self-fulfilling prophecy where concentrated trading activity around these setups can actually amplify price movements, especially in less liquid markets.

#CommunityAMA Influencing the Perception of Institutional Traders Discussions within online forex trading communities can collectively influence the perception of institutional traders. When members share theories about "smart money" vs. "dumb money," or analyze order blocks, liquidity gaps, and other price action concepts, it fosters a collective belief in a hidden struggle between retail and institutional traders. This shared narrative often leads individual traders to believe that institutional players are constantly trying to hunt their stop losses and that they must "trade like the institutions" to be successful. This can shift the community's focus from a simple technical or fundamental approach to a more complex, and sometimes paranoid, analysis of institutional intent.

#CommunityAMA Influencing the Perception of Institutional Traders Discussions within online forex trading communities can collectively influence the perception of institutional traders. When members share theories about "smart money" vs. "dumb money," or analyze order blocks, liquidity gaps, and other price action concepts, it fosters a collective belief in a hidden struggle between retail and institutional traders. This shared narrative often leads individual traders to believe that institutional players are constantly trying to hunt their stop losses and that they must "trade like the institutions" to be successful. This can shift the community's focus from a simple technical or fundamental approach to a more complex, and sometimes paranoid, analysis of institutional intent.

#CommunityAMA Driving the Use of Social Trading or Copy Trading Platforms Discussions within online forex trading communities can collectively drive the adoption of social trading or copy trading platforms. When members share positive testimonials and performance charts of "master traders" they are following, it generates significant interest and trust in a platform. This peer-driven endorsement influences a large number of traders, especially beginners, to try copy trading as a way to generate passive income or learn from experts. This leads to a collective reliance on these platforms, creating a dynamic where the community's financial success is tied to the performance of a few popular traders, and potentially causing a large-scale emotional reaction if a popular master trader suffers a significant loss.

#CommunityAMA Driving the Use of Social Trading or Copy Trading Platforms Discussions within online forex trading communities can collectively drive the adoption of social trading or copy trading platforms. When members share positive testimonials and performance charts of "master traders" they are following, it generates significant interest and trust in a platform. This peer-driven endorsement influences a large number of traders, especially beginners, to try copy trading as a way to generate passive income or learn from experts. This leads to a collective reliance on these platforms, creating a dynamic where the community's financial success is tied to the performance of a few popular traders, and potentially causing a large-scale emotional reaction if a popular master trader suffers a significant loss.

#CommunityAMA Encouraging a Specific Trading Personality Discussions within online forex trading communities can collectively encourage a specific type of trading personality or temperament. For example, a community that values discipline and patience might praise traders who wait for A+ setups and avoid over-trading, while a community that values aggression and risk-taking might celebrate traders who take high-leverage scalping opportunities. This peer-driven reinforcement influences individual traders to try and conform to the community's ideal trading personality, even if it conflicts with their own natural temperament. This can lead to a trader adopting an unsuitable style, which may cause psychological stress and poor decision-making.

#CommunityAMA Encouraging a Specific Trading Personality Discussions within online forex trading communities can collectively encourage a specific type of trading personality or temperament. For example, a community that values discipline and patience might praise traders who wait for A+ setups and avoid over-trading, while a community that values aggression and risk-taking might celebrate traders who take high-leverage scalping opportunities. This peer-driven reinforcement influences individual traders to try and conform to the community's ideal trading personality, even if it conflicts with their own natural temperament. This can lead to a trader adopting an unsuitable style, which may cause psychological stress and poor decision-making.

#CommunityAMA Shaping Collective Views on Regulation and Licensing Discussions within online forex trading communities can collectively shape the community's views on regulation and licensing. When members share stories about brokers with questionable practices, withdrawal issues, or regulatory non-compliance, a shared understanding of which brokers are trustworthy and which are not emerges. This peer-driven vetting process influences individual traders to collectively favor brokers who are licensed by reputable bodies like the FCA, CySEC, or ASIC. This leads to a community-wide preference for regulated and secure trading environments, and a collective avoidance of unregulated brokers, thereby impacting the business landscape for forex brokers.

#CommunityAMA Shaping Collective Views on Regulation and Licensing Discussions within online forex trading communities can collectively shape the community's views on regulation and licensing. When members share stories about brokers with questionable practices, withdrawal issues, or regulatory non-compliance, a shared understanding of which brokers are trustworthy and which are not emerges. This peer-driven vetting process influences individual traders to collectively favor brokers who are licensed by reputable bodies like the FCA, CySEC, or ASIC. This leads to a community-wide preference for regulated and secure trading environments, and a collective avoidance of unregulated brokers, thereby impacting the business landscape for forex brokers.

The current trend of USD/CAD is constrained by two major macroeconomic factors: on the one hand, weak US economic data has strengthened expectations of interest rate cuts, and the US dollar is unlikely to regain its strength in the short term; on the other hand, the sharp decline in oil prices has weakened support for the Canadian dollar, limiting the downward space for the exchange rate.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The current trend of USD/CAD is constrained by two major macroeconomic factors: on the one hand, weak US economic data has strengthened expectations of interest rate cuts, and the US dollar is unlikely to regain its strength in the short term; on the other hand, the sharp decline in oil prices has weakened support for the Canadian dollar, limiting the downward space for the exchange rate.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The upper resistance is around 1.3840, and after breaking through, it is expected to retest the previous high of 1.3895. The technical indicator RSI fell slightly but is still above 50, and the short-term trend is neutral.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The upper resistance is around 1.3840, and after breaking through, it is expected to retest the previous high of 1.3895. The technical indicator RSI fell slightly but is still above 50, and the short-term trend is neutral.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The daily chart shows that USD/CAD is fluctuating downward in the short term, but is still in a bullish channel overall. If it falls below the 1.3750 support level, it may open up further room for a correction to the 20-day moving average near 1.3685.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The daily chart shows that USD/CAD is fluctuating downward in the short term, but is still in a bullish channel overall. If it falls below the 1.3750 support level, it may open up further room for a correction to the 20-day moving average near 1.3685.#SharingTradingMistakesAndGrowth#BrokerEvaluation

"As a major oil exporter, Canada's economy is highly dependent on energy exports, and weaker oil prices directly weaken the performance of the Canadian dollar." Therefore, although the US dollar has fallen, the Canadian dollar's upside is limited, providing support for USD/CAD.#SharingTradingMistakesAndGrowth#BrokerEvaluation

"As a major oil exporter, Canada's economy is highly dependent on energy exports, and weaker oil prices directly weaken the performance of the Canadian dollar." Therefore, although the US dollar has fallen, the Canadian dollar's upside is limited, providing support for USD/CAD.#SharingTradingMistakesAndGrowth#BrokerEvaluation