Comdoll Trading Kit (Aug 4-8, 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) 0.9310 1.0920 0.8509
Previous Week High (PWH) 0.9409 1.0937 0.8554
Previous Week Low (PWL) 0.9275 1.0788 0.8456
Top Weekly ATR (tWATR) 0.9371 1.0975 0.8575
Bottom Weekly ATR (bWATR) 0.9249 1.0866 0.8444
Other significant levels 0.9250, 0.9300 1.0800, 1.0900 0.8450, 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

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  • Jake

    I’m looking at either a bounce off support for the NZD/USD at the 0.8400 level for a buy trade, or a break of this support level and then selling NZD/USD if it rallies back up to the broken support level as then becomes resistance.

    • Thanks for checking out my blog and for sharing your thoughts. I’m long biased on the Kiwi too, just waiting for buyers to return and take advantage of the higher interest rate. Best of luck with your trade!