rob_WRLD_

rob_WRLD_

Last week we saw consolidation between 102-102.80 We start the week by breaking above 102.8 resistance. We expect DXY to gravitate towards 103.5 which gives room for further USD appreciation this week.

rob_WRLD_

Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more

rob_WRLD_

Day 47/100 Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside Fundamental Catalysts: - Fed rate hikes - BoJ policy updates Bullish base-case: - Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path - BoJ will remain dovish // not as hawkish as expected If base-case is wrong, only then I'll be...

rob_WRLD_

Day 46/100 - Clear break of 78-72 range - Retested 78 as support - Expecting more upside into 83 at least by this week Implications on FX - While CAD may be dragged down by USD underperformance, OIL may give it some boost as we expect upside momentum to resume briefly

rob_WRLD_

Day 45/100 - Facing resistance at 1980 - Expecting rejection and retracement towards 1940 before further upside - If 1980 breaks, will look to enter to target 2040

rob_WRLD_

Hey Traders! 👋 For Day 44/100 of our challenge, we will look at where the bearish Dollar will go to next Technicals: - 190-day range broken to the downside - Closure below support - Next key level is 99 - Expecting 99 this coming week but can potentially struggle to close below it Fundamentals: - With a soft inflation print last week and also highlighting...

rob_WRLD_

Hey Traders! 👋 For Day 43/100 of our challenge, we will look at an update on our previous GBPCAD long idea (based on off-chart data) Technicals: - Break above 1.715 resistance - Created new high at 1.722 - Expecting 1.73 today - Retracement to 1.715 may take place before further upside - Idea invalid on break of 1.705 downside

rob_WRLD_

Hey Traders! 👋 For Day 42/100 of our challenge, we will look at GBPCAD long idea (based on off-chart data) Technicals: - Bullish structure with HH-HL forming - Expecting this structure to continue - Looking to go long on 1.715 break and retest - Weekly target at 1.73 - Invalid idea when 1.695 downside is breached PMT: - Seasonality: Bullish - Pattern predic.:...

rob_WRLD_

Hey Traders! 👋 For Day 41/100 of our challenge, we will look at GBPJPY long idea Technicals: - Ranging between 184-182 - Price squeezing towards top of range - Breakout of 184 opens 186 upside - Failure to hold 182 invalidates trade idea A simple one for today since I'll be out and about. Hope you had a great trading week!

rob_WRLD_

Hey Traders! 👋 For Day 40/100 of our challenge, we will look at USDJPY long idea and how we can trade it despite being "overextended" Technicals: - Still in an uptrend - 145 resistance formed - 144.2 support is being tested and holding well - Expecting 144.2 to hold as support - Break and retest above 145 offers more upside into 146 Fundamentals: - Fed has been...

rob_WRLD_

Hey Traders! 👋 For Day 39/100 of our challenge, we will look at EURGBP short idea and how we can trade the range Technicals: - Prior to range, structure was bearish - Strongly rejected 0.863 key level - Now retesting middle limit pivot area - 79% retracement rejected as well - Expecting the fill of range bottom at 0.852 Fundamentals: 🇪🇺 Despite ECB remaining...

rob_WRLD_

Hey Traders! 👋 For Day 38/100 of our challenge, we will look at an update on our GBPJPY long idea we sent last week. Technicals: (update to tagged idea) - We've rejected the 62% fib retracement - Created a new high above 182.500 - Expecting this break of high to clear 184.4 - If 181.2 is broken to the downside, invalid idea *** Note that this trade was based on...

rob_WRLD_

And yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways. Hey Traders! 👋 For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago Technicals: (update to tagged idea) - 0.97 pivot area successfully rejected - Made an impulse move to 0.882 - Expecting long...

rob_WRLD_

Hey Traders! 👋 For Day 35/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Impulse higher on break of 179 - High created at 182 res. - Now retracing lower - Expecting 179 to be retracement extension - But if price doesn't extend down to 179, look for a break and retest above 182 res. Today is a harder one as we have too many...

rob_WRLD_

Hey Traders! 👋 For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Overall bullish - Made a high at 88.50 - Expecting retracement to 87.60 - Target at 89 - If 86.80 is breached, idea is invalid Other data: ⬆️ Seasonality is still bullish expecting 90 level ⬆️ Pattern scan is also bullish expecting 90 before deeper...

rob_WRLD_

For Day 33/100 of our challenge, we will dive into USDCHF downside risks for the week ahead: Technicals: - Overall downtrend - Resistance created on previous support 0.91 - Break of 0.90 key level via bearish impulse - Looking to enter on 0.90 retest / 62% fib - Weekly target at 0.885 - Trade invalid if 0.905 breaks to the upside Fundamentals: 🇺🇸 Rate markets...

rob_WRLD_

Hey Traders! 👋 For Day 32/100 of our challenge, we will take a jab at USD and where it could head to next week Technicals: - Last week has been aggressively bearish - We're now at potential support at 102.2 - Also the 62% fib retracement from swing high > Can possibly see USD gain some strength on rebound at these levels > Or at 101 support BUT: Invalidation...

rob_WRLD_

Hey Traders! 👋 For Day 31/100 of our challenge, we will look at USDJPY for upside potential this week/month Technicals: - Created a new high at 141.400 on break of 140.800 - Price retraced back to 140.200 to form support - Also a pivot area and 62% fib retracement - Looking to target 142.200 Fundamentals: 🇺🇸 Hawkish pause from Fed and a higher than expected...