Dollar domination still seems to be the biggest theme in the forex market these days, with the risk-off environment and Fed rate hike bets. Here are the setups I’m watching.
Significant Forex Levels to Watch
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.7111 | 1.3322 | 0.6531 |
| Previous Week High (PWH) | 0.7159 | 1.3349 | 0.6588 |
| Previous Week Low (PWL) | 0.7016 | 1.3225 | 0.6501 |
| Top Weekly ATR (tWATR) | 0.7200 | 1.3430 | 0.6626 |
| Bottom Weekly ATR (bWATR) | 0.7022 | 1.3215 | 0.6437 |
| Other significant levels | 0.7000, 0.7100 | 1.3300, 1.3200 | 0.6500, 0.6400 |
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.
I’ve got my eyes locked on these short-term trend setups on the comdolls, and of course my open trade on USD/CAD:
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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