ChrisPulver

ChrisPulver

Janet Yellen testifies in front of Congress Tuesday (oops for the chart saying Wednesday - IT'S TUESDAY) February 24th at 10am ET. The USD crosses and the DXY / USDOLLAR look to be wedged with anticipation for some guided direction from the FED. I'm just looking for price to confirm the move, put the stop where we're wrong and ride the movement. I'm slightly...

ChrisPulver

The GBPCAD and the CAD crosses in general have probably been a sore spot for most traders looking to take shorts. The GBPCAD continues to press higher in the rising wedge. I'm looking for an aggressive sell below today's candle with a day's corrective movement for profits and if it presses more than lock in those pips!!! Ideally, 1.9000 is a BIG but respectable...

ChrisPulver

The GBPAUD amazes me with its beautiful setups and symmetry despite a pair capable of moving well over 200 pips per day. We've hit the channel resistance levels and last week sold off nicely to confirm more bearish structure. I like a short position building off of the 50 and 70 retracement levels to target 9100 - even the midpoint of this large channel would make...

ChrisPulver

We have now 3 yearly pivots that may be targeting price for the USDJPY. This trade will be best serviced with risk aversion and a sell off in stocks, but we don't have to guess when the USDJPY will stop going up. This is a sell below the low trade and get the party started to see if it can run and trend down to 114.20 area.

ChrisPulver

I'm looking for some ounce of NZD weakness and this trade looks pretty solid on the larger time frames. The recent down wave may conclude around 1.5000 so I'm considering a buy trade to rally up to this year's pivot.

ChrisPulver

We had a nice sell off on the USDMXN to end last week. The formation I'm seeing is a rising wedge. I'm looking to sell the re-test of the highs and see price drop to the lower part of the channel and hopefully breakout south for further profits. The trade is invalidated if price drops lower first.

ChrisPulver

NFP #'s made the USDJPY pop pretty nicely. I'll take my chances with a pullback to BUY and see if the pair can breakout and re-test the 121.83 high or perhaps go further to 125 area. I don't want to fight this one but we may see this opportunity this week.

ChrisPulver

This could be a HUGE trade this year - it'll take some effort from the RBNZ most likely but we have a 900-1000 pip opportunity to trade to the low 70's on this massive formation - it'll take time to setup but I'm looking forward to this plan coming to together.

ChrisPulver

I'm looking for a smidge of a GBPNZD recovery and a re-test of the 3 month channel around 2.02. From this point I love the idea of looking for BIG BUY trades to trade to 2.15 and 2.20 as the NZD may next join the ranks as a weakening commodity currency.

ChrisPulver

This could be a really nice swing/carry trade to re-test 1.4000 or make a new low around 1.3600. I'm looking to sell EURAUD this week and see what I can hold onto.

ChrisPulver

Looking to the AUDUSD to make a squeeze near 7920-8000 after making some new highs last week. Our RBA pal Stevens is speaking and there's an unmployment report this week for some extra volatility.

ChrisPulver

The super exotic currencies are difficult to trade for most retail traders with insane volatility levels. But structurally, I see a nice H&S pattern emerging on the USDMXN. With this week's FED meeting and statement, there may be enough technical divergence to see a USD retracement across all currencies and this could be a BIG opportunity. I'm looking to sell...

ChrisPulver

I'm in no hurry to look long on USOIL, but technically, I like the idea that a reveral pattern may help this fallout recover towards $70 in 2015. $40 is the technical support area but we may see patterns emerge a bit sooner as that LOW of a low has geopolitical implications. We'll see what happens.

ChrisPulver

The USD has enjoyed an incredibly one-sided bullish run - the monthly chart shows 7 months of bullishness with very little hiccups. I'm looking for a short-term retracement for the breakout to re-test the trendline or re-test the wedge. Resistance looms in the 92.50-93.00 and I will only trade a reversal pattern or confirmed bearish move.

ChrisPulver

The USDOLLAR has been on a tear since mid-August. This week the FED will hit the news with a rate decision and press conference. Although much of the world is bullish USDOLLAR in the long-term, in the interim we may see a retracement continuation to the 11000 area.

ChrisPulver

We had a nice bearish selloff last week that may result in the GBPNZD making one more move south to the 1.9700 area before hitting major trendline support for a long-term BUY position towards 2.15 or 2.20

ChrisPulver

GBPUSD is forming solid lows at the 1.5560 area, if we see a press lower I'm looking for a bullish hammer or long wick north to consider a buy trade, but I'd LOVE to confirm a higher high on this pair and buy any retracement for a swing to 1.6000

ChrisPulver

AUDNZD was sideways from 1.09-1.13 until we had a recent bearish breakout testing the weekly up trendline. Now, the AUDNZD could re-test 1.0950 and hit resistance and fall back to lows, or could close above and pave the way to 1.13 retest and higher to 1.14-1.16 area. This week's RBNZ rate decision/press conference and AUD jobs data may be the catalyst to get this...