Comdoll Trading Kit (Sept 1-5, 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) 0.9324 1.0877 0.8357
Previous Week High (PWH) 0.9375 1.0999 0.8409
Previous Week Low (PWL) 0.9272 1.0811 0.8311
Top Weekly ATR (tWATR) 0.9382 1.0933 0.8419
Bottom Weekly ATR (bWATR) 0.9267 1.0821 0.8296
Other significant levels 0.9400, 0.9300 1.0950, 1.0900 0.8400, 0.8300

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? Q1 2014 in Review Comdoll Trading Kit AUD/NZD Trade

  • Peter Griffin

    Hello HappyPip,

    I will be going long on the NZD against the Euro. The NZD seems to have bottomed out and have found some support at the current level against majors like the USD and it gained pips at the end of last week and today against the JPY and the Euro. Albeit pretty decent US news, the US Dollar didn’t push the NZD any further down. Fonterra has confirmed solid news last week and there’s no major NZD news scheduled this week. Also, the Euro is doing very very poorly and the ECB is probably going to ease again this Thursday, or at least they’ll make some pretty dovish comments. There are even some talks of a rate cut of another 10 basis points.

    To round it up, there’s the positive rollover, as always. I know you had some bad experience with the NZD the last few trades, but these are my two cents.

    Cheers!

    • Thanks for sharing your thoughts, I really appreciate it! Sometimes I get the feeling that I’m too biased with some currencies that I could use some help in hearing other traders’ perspectives and see if I’m missing out on anything. I’m also counting on ECB easing this week or at least more hints on it so I’m holding on to my short EUR/NZD trade as well. Good luck to us!

      • UPANDDOWN

        200 PIP drop on EURCAD. CAD was going northward as EUR was going south. You can see this on EURUSD and USDCAD. ADP Employment Change for USD makes CAD go north and ECB Interest Rate Decision for EUR makes EUR go south . From 1.4290 to 1.4090 in 45 minutes on EURCAD.

  • khor

    Hello. Newbie. I m learning