Comdoll Trading Kit (Nov. 21-25): Forex Market Preview

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

AUD/USD

USD/CAD

NZD/USD

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:

AUD/USD: 4-hour

AUD/USD 4-hour Forex Chart

AUD/USD 4-hour Forex Chart

USD/CAD: 4-hour

USD/CAD 4-hour Forex Chart

USD/CAD 4-hour Forex Chart

NZD/USD: Daily

NZD/USD Daily Forex ChartNZD/USD Daily Forex Chart

NZD/USD Daily Forex Chart

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

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!

Cheers,

Happy

See also: Q3 2016 Trading Performance Review