Welcome to a brand new trading year, ladies and gents! To start off, here are some long-term trend plays that I’m watching on AUD/USD, USD/CAD, and NZD/USD. Oh, and don’t forget to take note of these inflection points and upcoming events, too!
Significant Forex Levels to Watch
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.7190 | 1.3431 | 0.6934 |
| Previous Week High (PWH) | 0.7525 | 1.3598 | 0.6980 |
| Previous Week Low (PWL) | 0.7265 | 1.3397 | 0.6875 |
| Top Weekly ATR (tWATR) | 0.7247 | 1.3541 | 0.7014 |
| Bottom Weekly ATR (bWATR) | 0.7163 | 1.3322 | 0.6855 |
| Other significant levels | 0.7300, 0.7200 | 1.3600, 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: Daily
USD/CAD: Daily
NZD/USD: 4-hour
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!
Cheers,
See also: Q4 2016 Trading Performance Review
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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.