Dollar domination over the past few days spurred breakouts for AUD/USD, NZD/USD, and USD/CAD. Here are the potential inflection points and upcoming events for this week.
Significant Forex Levels to Watch
|Week Open (WO)||0.7330||1.3495||0.6991|
|Previous Week High (PWH)||0.7581||1.3589||0.7145|
|Previous Week Low (PWL)||0.7331||1.3398||0.7000|
|Top Weekly ATR (tWATR)||0.7410||1.3602||0.7074|
|Bottom Weekly ATR (bWATR)||0.7250||1.3389||0.6907|
|Other significant levels||0.7500, 0.7300||1.3500, 1.3400||0.7050, 0.6900|
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. Here are some of the comdoll forex setups I’m looking at this week:
If you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:
Don’t forget to check out our risk disclosure when taking any of these setups. Got any comdoll trade ideas you’d like to share? Post ’em right here!
See also: Q3 2016 Trading Performance Review