ChrisPulver

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...

ChrisPulver

AUDCHF has been waving downwards making lower highs and lower lows, the fresh low made last week may create a short-term support to test December's pivot around 8300, if it fails and falls lower, I like buys in the 7900-8000 area for double bottoms.

ChrisPulver

Using the Pitchfork and trendline support, the AUDCAD may be targeting a double bottom around 9400 - from there, a short-term low may form and produce a 300-400 pip retracement back to 9800, maybe even 1.0000 if it's feeling snazzy.

ChrisPulver

EURUSD (similar to GBPUSD) is setting up for a technical squeeze with this falling wedge. 2250-2200 may act as support to force a squeeze to 2500-2600 before making a lower high and heading down to 2000 or 1800 area. If the pair continues to fall, I'll wait for 2000 to identify support.

ChrisPulver

USDJPY has been a rocket ship since 103 with a breathe at 110 before continuing towards 120. If we show a bearish structure setup, I'm looking to sell a lower high for a retracment towards 115-113 to close the gap from October/November.

ChrisPulver

I think we'll have 2 pretty great opportunities for GBPCHF weakness. One if fast approaching. I'm looking for a rejection near the recent wedge trendline for a sell back to the wedge support or lower if we can break the lows and open up more to 4500-4600.

ChrisPulver

I see a falling wedge setting up on the GBPUSD with pivots above and 1.6000 acting as near-term major resistance. If price rallies above 5775 I'm buying targeting the 6000 area. We may be triggered this week with soft or disappointing NFP #'s.

ChrisPulver

This is a great pattern setup. If OIL prices have one more bearish leg the CADCHF may break structure with this head & shoulders. A symmetrical 200 pip move for some nice profits.

ChrisPulver

This is a BIG TIME frame trade - USDMXN is approaching major resistance at 14.4000. I'm looking for a price rejection at this level and will SELL under any 4 hr, 8 hr, or Daily indecision candle targeting 13.8000 managing it on the way down (6000 pips or so). I usually do not trade the crazy exotic pairs but I think this could one to watch.

ChrisPulver

4 hr time frame - CADJPY has been making higher highs in price, but lower highs in momentum. This is a bearish divergence signal. I'm looking for the break of the wedge and selling to pivots below - Target 1 = 100.00 and anything lower would be utilizing a trailing stop.