Comdoll Trading Kit (December 23-27, 2013): Market Preview

The holidays tends to bring rangebound behavior from currencies.  Check out these levels to on the major comdoll pairs to watch for possible support/resistance type reversal plays if market drivers stay the same!

Significant Levels to Watch Out For

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.8926 1.0639 0.8210
Previous Week High (PWH) 0.8970 1.0738 0.8288
Previous Week Low (PWL) 0.8821 1.0571 0.8151
Top Weekly ATR (tWATR) 0.9021 1.0699 0.8302
Bottom Weekly ATR (bWATR) 0.8831 1.0580 0.8118
Other significant levels 0.8850, 0.9000 1.0600, 1.0700 0.8300, 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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  • Thanks HappyPip. This is my first December in real real trading. I hear traders usually do not trade during December and Christmas/new year weeks. I thought I would stay out too after the first two weeks of Dec.
    What are your thoughts about this?

    • Happy Pip

      Yeah most of ’em are out enjoying the holidays. But that doesn’t mean the markets won’t move though! Perhaps those days are better for shorter-term setups, I suppose? Higher volatility is associated with lower liquidity after all.

  • great
    i love your blog a lot.

    • Happy Pip

      Thanks for the kind feedback!