Partner Center Find a Broker

We don’t have a of economic reports from the comdoll countries this week, but I found neat setups we can trade from the dollar’s moves! Here are the setups and potential inflection points I’m looking at.

Significant Forex Levels to Watch

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.7578 1.3327 0.6995
Previous Week High (PWH) 0.7596 1.3426 0.7015
Previous Week Low (PWL) 0.7472 1.3223 0.6909
Top Weekly ATR (tWATR) 0.7641 1.3409 0.7066
Bottom Weekly ATR (bWATR) 0.7511 1.3219 0.6937
Other significant levels 0.7500, 0.7600 1.3280, 1.3415 0.6920, 0.7050

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: 1-hour

AUD/USD 1-hour Forex Chart
AUD/USD 1-hour Forex Chart

USD/CAD: 1-hour

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Forex Chart

NZD/USD: 1-hour

NZD/USD 1-hour Forex Chart
NZD/USD 1-hour 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: Q1 2017 Trading Performance Review

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.