Log-in required. WTI is downtrending since the last 2 weeks with clear lower low sequence and almost equidistant retracement. We are looking at a repeat of this price action and critically inspecting H4 chart.
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.
This week few events to look for on #forexcalendar 15 Aug -20 Aug
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……