IkanBilisCapital

IkanBilisCapital

The DXY has been trading a in a range for the most of Q4 2021. We are expecting a fake out of the range to the downside before one last Wave 5 to the upside. This will likely come before the Fed ends their taper March 2022 and create a buy the rumour sell the news kinda event once they start their rate hike increase.

IkanBilisCapital

Risk on assets across the board has been trading with a bearish tone since Q4 2021 and the effects of it continues to linger in the market. The AUDUSD reflects this lingering fear in the markets trading cautiously within a range since December. We're likely to see this continue until there's some certainty around the fed's taper and rate hike plans for Q1 2022. In...

IkanBilisCapital

BTC needs to hold these levels in order for a Santa Claus rally to be come. A sustained break of 44K will be a bloodbath for crypto and we will be expecting lower levels if this happens. All eyes are upon the fed's announcement of their taper plans after Dec 15. A sell off may come early next week due to fear in the market before that announcement. Afterwhich I...

IkanBilisCapital

The wave 4 corrective structure is playing out for the euro dollar and it will be messy! After price hits 1.14 next week, expect some kind of correction before a strong move up to test 1.15

IkanBilisCapital

The dollar cad broke uptrend structure and now we are expecting some range bound trading until a clear direction is formed. At these levels, I am looking to enter a short position. BEAR CASE In the next week, I am expecting a slight move upwards to retest the bottom channel line and then for price to dump to retest 1.26 BULL CASE Though unlikely, we need to...

IkanBilisCapital

The pound yen is forming a wave 4 correction and I think the bottom may be in for this move upwards. However wave 4 correction can be messy so please control your risk in your trade. The stop loss at 149 looks like a safe one and we are targeting 152.5 for an exit.

IkanBilisCapital

The dollar yen consolidated this week towards the upside. The 114 area proves to be an area of resistance where short sellers come in and the price it is at right now looks good for a short. We are targeting 111.166 to exit our trade.

IkanBilisCapital

The dollar index is consolidating at the top of the channel. The price movements are becoming smaller and the breakout will come soon. This breakout can come to the upside or downside and we are favouring the upside. However, there is a chance that a fakeout back into the channel will come before the upmove comes. BULL CASE A break out of the range immediately...

IkanBilisCapital

THe aussie dollar saw a rebound this week and it looks like there will be more upside in the weeks to come. Early next week, we may see a short downward retrace to 0.706 before upside comes. I think this will coincide with Jerome Powell's announcement of the taper plans. Our price target to exit the long trade is 0.73

IkanBilisCapital

November and December has typically been bullish for BTC but it has proven us otherwise this time round. A 48K bitcoin must be within our expectations and even so the price action of bitcoin still remains bullish. This is unless price breaks the channel we have drawn. This road to 100K seems long and windy as the money in the market starts to dwindle. A final blow...

IkanBilisCapital

The euro dollar continues in its wave 4 correction and should continue to do so for the coming weeks. We expect to see price retest 1.15 before any strong signs of selling again. Once the selling starts, 1.10 is where will be placing our take profits.

IkanBilisCapital

The macro sentiment for the dollar is clear, we are expecting upside in 2022 and the fear is the market due to the OMNICRON strain as well as the fed's hawkish stance is accelerating this. Unless there's a macro uturn in the fed's policies, we should see price reach 1.30 some time soon.

IkanBilisCapital

The pound yen is trading at an important level, there are many times price bounced off this level in the past and we shouldn't be surprised to see a longer consolidation at these levels. BULL CASE We have a slight bias towards price to consolidate at this level to the upside before we see downside. This consolidation can move up to 152.5 BEAR CASE If there's a...

IkanBilisCapital

We expect price for the USDJPY to continue to break out of this consolidation range to the downside in the coming week. This move down should test around the 111 levels.

IkanBilisCapital

The dollar index is holding the top of the channel and could break to the upside anytime from here. If in the off case, the macro sentiment changes, the price could break back down into the channel. BULL CASE Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week. BEAR CASE If there macro...

IkanBilisCapital

There are two new macro uncertainties we are going through right now. 1. Omnicron strain 2. Fed bringing forth the date to raise rates Both of which spells trouble for the global economy which explains the risk off attitudes we are seeing in the market this week. We should see more downside come for the aussie dollar in the coming weeks unless there is a 180...

IkanBilisCapital

GOLD looks like it's in wave 4 consolidation and may take some time to break out. If December gives us a green candle, it will short short and swift and we should be looking to exit before the start of the new year.

IkanBilisCapital

This move up to a 100K is looking more difficult than I expected. I think lots of people will need to lose money before 100K can happen. The complexity in this wave 4 structure is a reflection of the BTC market becoming mature. More players are in crypto now and with it more randomness and scenarios can play out. I'd stay long but if you're in leverage, know that...