Huddle up, comdoll buddies! We’ve got a bunch of top-tier catalysts lined up for the comdolls this week so make sure you check out these potential inflection points and forex setups I’m looking at.
Significant Forex Levels to Watch Out For
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.7320 | 1.3090 | 0.6606 |
| Previous Week High (PWH) | 0.7366 | 1.3093 | 0.6739 |
| Previous Week Low (PWL) | 0.7235 | 1.2862 | 0.6536 |
| Top Weekly ATR (tWATR) | 0.7408 | 1.3207 | 0.6698 |
| Bottom Weekly ATR (bWATR) | 0.7233 | 1.2974 | 0.6514 |
| Other significant levels | 0.7350, 0.7250 | 1.3100, 1.3000 | 0.6700, 0.6500 |
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.
We’re seeing a bit of consolidation for AUD/USD and NZD/USD, but the trend for USD/CAD is looking mighty fine. Take a look at these potential short-term plays:
AUD/USD: 1-hour
USD/CAD: 1-hour
NZD/USD: 1-hour
And if you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:
Got any comdoll trade ideas you’d like to share? Post ’em right here!
Cheers,
Other Popular Articles:
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.