Comdoll Trading Kit (December 9-13, 2013): Market Preview

If you think the comdolls are in for big moves this week, y’all better mark these inflection points on AUD/USD, USD/CAD, and NZD/USD!

Significant Levels to Watch Out For

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.9133 1.0639 0.8286
Previous Week High (PWH) 0.9169 1.0709 0.8294
Previous Week Low (PWL) 0.8990 1.0613 0.8136
Top Weekly ATR (tWATR) 0.9231 1.0698 0.8385
Bottom Weekly ATR (bWATR) 0.9036 1.0581 0.8188
Other significant levels 0.9200, 0.9300 1.0600, 1.0650 0.8200, 0.8100

In case you’re wondering what ATRs are all about and how I computed those figures, make sure you check out my entry explaining my trading strategies.
Happy time

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  • ForExchange

    Hi,

    sorry, what does comdoll mean?

    Thanks

    • Happy Pip

      Comdoll is short for commodity dollar. These are the currencies whose price action is typically correlated to commodity prices.

      • ForExchange

        Ok, thanks! Is it only then: CAD, NZD and AUD?

        • Happy Pip

          Yep! Although some are saying that CHF should be included in the mix too since the franc sometimes reacts to changes in gold prices.