Comdoll Trading Kit (March 24-28, 2014): Market Preview

What’s in store for the comdolls this week? If you’re planning on trading AUD/USD, USD/CAD, or NZD/USD, don’t forget to mark these potential inflection points:

Significant Levels to Watch Out For

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.9091 1.1206 0.8550
Previous Week High (PWH) 0.9139 1.1279 0.8641
Previous Week Low (PWL) 0.8993 1.1025 0.8502
Top Weekly ATR (tWATR) 0.9177 1.1284 0.8629
Bottom Weekly ATR (bWATR) 0.9005 1.1129 0.8471
Other significant levels 0.9100, 0.9000 1.1200, 1.1100 0.8600, 0.8500

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. And if you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:

Forex Comdoll Calendar

Forex Comdoll Calendar

Got any comdoll trade ideas you’d like to share? Post ’em right here!

Cheers,

Happy time

Other Popular Articles:

What is the STA strategy? Q2 2013 in Review Comdoll Trading Kit AUD/USD Trade

  • John

    Really interested in this week and how it will turn out. Ever since last wednesday when the USD rallied after good news, NZD/USD has been ranging, almost sleeping at the same level, while AUD/USD has been gaining pips back for example. What’s up with that? Can’t make up my mind which direction it will go. I’m very eager to hear your thoughts and some trade ideas. I still think CAD bears are the stronger party at the moment, even if it gained some pips due to good news on Friday.

    Also, I just read an article how China is profiting from the Krim crisis which heavily influences the US and the EUROzone. Good news for China is good news for AUD and NZD, right? So I’m sitting tight there too.

    Have a nice trading week and may the pip be with you.

    • Happy Pip

      Thanks for checking out my blog and for sharing your thoughts! For some odd reason, AUD is still staying afloat despite weak Chinese data. Maybe this is because traders are now expecting some form of stimulus from either the Chinese gov’t or PBOC or both. Even NZD is climbing after FM English said he thinks it’ll depreciate over time. Interesting point about China profiting from the Crimea crisis, I’ll look into it! Have a good trading week too 🙂