We’ve got a bunch of top-tier events lined up for the commodity currencies so make sure you mark your calendars and charts! Take a look at these forex setups I’m watching, too!
Significant Forex Levels to Watch
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.7118 | 1.3076 | 0.6761 |
| Previous Week High (PWH) | 0.7270 | 1.3280 | 0.6813 |
| Previous Week Low (PWL) | 0.7068 | 1.3056 | 0.6623 |
| Top Weekly ATR (tWATR) | 0.7210 | 1.3188 | 0.6858 |
| Bottom Weekly ATR (bWATR) | 0.7027 | 1.2965 | 0.6664 |
| Other significant levels | 0.7200, 0.7100 | 1.3100, 1.3000 | 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.
For now, I’m keeping close tabs on these short-term forex trend setups on the comdoll charts:
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,
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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.