Market Analysis 15 Aug - 20 Aug

Week Aug 15-Aug 20 Market Analysis and what to look out for

[vc_row][vc_column][cs_space][vc_column_text]Forex prices move before or after key events and data. It is important to know what’s ahead in forex calendar 1-2 weeks later. I have listed some important dates for 15-20 Aug 2016.[/vc_column_text][cs_space][vc_column_text]

This week few events to look for on #forexcalendar  15 Aug -20 Aug

[/vc_column_text][vc_column_text]1. #AUD Aug  16 Tue – Australia Monetary policy meeting – #audusd  is currently near to strong resistance, likewise, #euraud  at strong support. I do not see any change in policy, but my guess that market might use this opportunity to temporarily short #AUD[/vc_column_text][vc_column_text]Reminder that we had a short into #AUDJPY  at 78.30. Now price is trading at 77.40. I am planning for another reentry. The strength of this trade is the small stop loss in view of the huge target profit.[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”19677″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/2016-08-13_18-23-50-audjpy-chart.jpg”][cs_space][vc_column_text]2. #NZD  Aug 16 and Aug 17 – two pieces of data to look out for. Aug 16 GDT Price Index and also Aug 16 Employment change. Market could be playing ahead of a possible rate cut, thus explaining why #nzd  sees some weakness. We already have a short in #nzdusd  right to the top 0.7220-30. Now price is trading 0.7176. We are at profit of about 45pips. I am thinking of shorting more into #nzdjpy  or #nzdcad[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”19702″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/2016-08-15_12-54-19-nzdusd-chart.jpg”][cs_space][cs_responsive_image alignment=”aligncenter” image=”19700″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/2016-08-14_22-08-40-nzdusd.jpg”][cs_space][vc_column_text]3. #USD  Aug 18 #FOMC  meeting minutes – I don’t expect any big change, and don’t expect this meeting minutes to affect anything. But I suspected that dollar index has found a support and is reversing up temporarily. That’s why I have opened a #eurusd  short.[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”19708″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/2016-08-15_12-44-50-dxy.jpg”][vc_row_inner][vc_column_inner width=”1/2″][cs_space][cs_responsive_image alignment=”alignleft” image=”15294″][cs_space][/vc_column_inner][vc_column_inner width=”1/2″][cs_space][vc_column_text]

[/vc_column_text][cs_space][/vc_column_inner][/vc_row_inner][cs_space][vc_column_text]4. #WTI  (Oil) and #cad – I’ve mentioned we will see support of #wti  at 39.30-50. Indeed price bounce up from the price that I’ve said. Yesterday included another chart here on #WTI https://plus.google.com/+Terraseedsforexstrategy/posts/cDbEs6stpws leading me to believe that there is another leg up. I will be planning for buy positions.

This is also the reason why there is a short into #eurcad.[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”19690″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/2016-08-14_22-24-53-wti.jpg”][cs_space][vc_column_text]

5. #xagusd  is more bearish than #xauusd. We have shifted SL of our #xauusd long at 1350 to 1356, thus during #nfp  spike down, I ended with a 30 ticks loss (as I had my entry at 1359 and 1356). Now #xauusd  is temporary bearish.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][cs_space][vc_row_inner][vc_column_inner width=”1/4″][cs_space][cs_responsive_image alignment=”alignleft” image=”15287″][cs_space][/vc_column_inner][vc_column_inner width=”3/4″][cs_space][vc_custom_heading text=”If you like what I’m preaching – learn to fish while fishing – learn a lifelong skill, follow me in The Alien Room for trade ideas and thoughts while you are sharpening your forex trading skills, then start Master Forex Course now! ” font_container=”tag:h4|font_size:24px|text_align:center|color:%233366cc” google_fonts=”font_family:Open%20Sans%20Condensed%3A300%2C300italic%2C700|font_style:300%20light%20regular%3A300%3Anormal” link=”url:http%3A%2F%2Fonlineforexmaster.com%2Fofm-forex-course%2F%231463462650752-22684b06-3d79|||” css=”.vc_custom_1467442977594{border-radius: 1px !important;}”][cs_space][/vc_column_inner][/vc_row_inner][cs_space][vc_row_inner][vc_column_inner width=”2/6″][vc_column_text]

To your trading success,

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