Comdoll Trading Kit (Aug 11-15, 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




Week Open (WO) 0.9277 1.0970 0.8464
Previous Week High (PWH) 0.9375 1.0987 0.8531
Previous Week Low (PWL) 0.9239 1.0904 0.8424
Top Weekly ATR (tWATR) 0.9338 1.1023 0.8528
Bottom Weekly ATR (bWATR) 0.9216 1.0917 0.8400
Other significant levels 0.9350, 0.9300 1.1000, 1.0900 0.8500, 0.8400

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

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


Happy time

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  • DarkForce

    where can I get such levels for all majors?

  • Peter Griffin

    Also, I recommend going short on the Aussie. The dismal jobs data, global risk aversion and general dovishness related to the currency make it a perfect cindidate to edge lower in the next couple of weeks after it flew so high. Same for the NZD, although I think most of the bears have already cashed in their positions. It’s really low already and the high interest rate still makes it attractive.

    • Thanks for sharing your thoughts! I’m short AUD/NZD since I also think buyers will return to the Kiwi sooner or later because of the interest rate. It’s taking quite a long time though!

  • Ughh yeah, consolidation in the pairs I’m watching (AUD/NZD and EUR/NZD) and barely any top-tier reports to spark strong movement.