Comdoll Trading Kit (May 26-30, 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 and forex market events.

Significant Levels to Watch Out For

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.9235 1.0871 0.8537
Previous Week High (PWH) 0.9378 1.0943 0.8655
Previous Week Low (PWL) 0.9209 1.0850 0.8531
Top Weekly ATR (tWATR) 0.9308 1.0934 0.8607
Bottom Weekly ATR (bWATR) 0.9162 1.0808 0.8467
Other significant levels 0.9300, 0.9200 1.0900, 1.0800 0.8650, 0.8550

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

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  • Jake

    I like the idea of a long trade on the NZD/USD this week, up towards it’s range high on the daily chart.

    • Happy Pip

      Yep that support area looks pretty strong. Best of luck with that trade!

  • Jake

    Well, unfortunately I came out -60pips from this trade. However, I just got out of my short trade on GBP/JPY which has netted me +133 pips, so I’m still very happy!

    • Happy Pip

      Yipes! That Fonterra news must really be weighing on monetary policy expectations and sentiment for NZD. Congrats on your GBP/JPY win though!