Comdoll Trading Kit (Oct. 20-24, 2014): Forex 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) 0.8754 1.1289 0.7923
Previous Week High (PWH) 0.8860 1.1386 0.7998
Previous Week Low (PWL) 0.8653 1.1173 0.7796
Top Weekly ATR (tWATR) 0.8832 1.1363 0.8002
Bottom Weekly ATR (bWATR) 0.8676 1.1215 0.7844
Other significant levels 0.8800, 0.8700 1.1300, 1.1200 0.7900, 0.7850

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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  • ForExchange

    Hi HappyPip,

    I am already long with AUD and NZD vs. JPY. I bought them cheap for a very long trade. I do not know when exactly risk on sentiment will be on again but I get every day carry trade and I think these low levels give me a great price to buy comdolls.

    FE

    • Looks like the “fear trade” is starting to ease these days, although there are instances when risk aversion creeps back in! At least you do get profits off the positive carry. Best of luck and see you around!