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With the OPEC agreeing to extend their output deal by nine months, commodities could enjoy a bit more support in the next few days. Here are the setups and inflection points I’m watching.

Significant Forex Levels to Watch

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.7445 1.3449 0.7053
Previous Week High (PWH) 0.7511 1.3536 0.7071
Previous Week Low (PWL) 0.7416 1.3380 0.6914
Top Weekly ATR (tWATR) 0.7505 1.3540 0.7115
Bottom Weekly ATR (bWATR) 0.7385 1.3359 0.6991
Other significant levels 0.7500, 0.7400 1.3400, 1.3300 0.6900, 0.7100

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: 4-hour

NZD/USD 4-hour Forex Chart
NZD/USD 4-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

Got any comdoll setups you’d like to share with me? Don’t forget to check out our risk disclosure!

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.