FX Weekly Recap: May 20 – 24, 2024

Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development…

The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Thursday for the sixth successive day. The AUD/USD pair may gain ground as the Aussie Dollar could receive support from investors’ caution following the release of Australia’s Consumer Inflation Expectations, which rose to 4.7% in December from November’s three-month low of 4.5%, supporting…

The NZDUSD price faces difficulty to continue the rise, to decline again and start pressing on the key support 0.6000$, which hints heading to resume the bearish track, and we prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting its next destination clearly. Note that continuing…

The Trend Magic and Trigger Line Forex Trading Strategy stands as a cornerstone for traders seeking clarity and precision in the dynamic world of forex. This strategy harnesses the power of two essential tools: the Trend Magic indicator and the Trigger Line. The Trend Magic indicator is not just another moving average; it adjusts its…