Comdoll Trading Kit (Jan. 4-8, 2016): Forex Market Preview

Before I jump in any new forex trades this year, I thought I’d get your thoughts on these long-term setups on the comdoll pairs. Don’t forget to mark these potential inflection points and upcoming events, too!

Significant Forex Levels to Watch

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.7295 1.3840 0.6834
Previous Week High (PWH) 0.7328 1.3940 0.6883
Previous Week Low (PWL) 0.7246 1.3815 0.6825
Top Weekly ATR (tWATR) 0.7374 1.3942 0.6914
Bottom Weekly ATR (bWATR) 0.7217 1.3739 0.6754
Other significant levels 0.7300, 0.7200 1.3900, 1.3750 0.6800, 0.6700

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.

AUD/USD: Daily

AUD/USD Daily Chart

AUD/USD Daily Chart

USD/CAD: 4-hour

USD/CAD 4-hour Chart

USD/CAD 4-hour Chart

NZD/USD: Daily

NZD/USD Daily Chart

NZD/USD Daily Chart

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:   

Comdoll Trading Kit Forex Trade IdeaWhat is the STA strategy?Q2 2015 in Review

  • Forero

    HappyPip: You make me the day with this information, specially with your analysis of USD/CAD, now i am short in this pair in 1.3940. Regards

    • Aww, thanks for the positive feedback on my blog posts. See you around!