IkanBilisCapital

IkanBilisCapital

This chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a...

IkanBilisCapital

The swiss yen broke down farther after breaking the channel and testing the bottom of the channel, we expect to see more downside this week. But the white line(200ma) serves as a strong support. If you're in a short take some profits at around there and re-enter again at a better price. BEAR CASE Price to go farther down to ~122.9, there we can see some support....

IkanBilisCapital

The pound dollar broke down lower today to test the bottom of the channel. Price looks ready for a short term correction at least so we should see some upside in the coming week. The medium term trend can go either way and is tied with Jerome Powell fate. BULL CASE We should see price move up from here at least early next week, afterwhich if the macro situation...

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Is Biden going to drop Powel? That's the million dollar question. Inflation is on the verge of bursting out in the US, if that happens, we will see price break out of the channel to reach higher heights. Otherwise, a rejection at the top of the channel to remain status quo is set to play out. BEAR CASE Until proven otherwise, our bias is status quo, we are...

IkanBilisCapital

The aussie dollar pair dropped farther this week and it's ready for another drop down to test the bottom of the channel. If the channel fails to hold, we think that we can see farther down side. The coming week should be rather choppy as the market finds direction. BEAR CASE One more drop down to test the bottom of the channel at 0.725 is needed before...

IkanBilisCapital

Random alts have been pumping this week as predicted and we think this will continue for the rest of November before BTC makes 30% weekly gains to the upside. Price is trading in a channel now and it's perfect for a whipsaw to take out leveraged traders on both sides. Price will most likly move up to break top of channel catching longs to the upside and...

IkanBilisCapital

The dollar cad has been trading in a upward channel and we expect it to continue to do so. It is in no man's land in the channel right now and can go either side from here. We're slightly bias to the downside but 1H and 4H price signals can be misleading. Proceed with caution if you want to take trades at these levels. BEAR CASE Price moves down from here to...

IkanBilisCapital

The pound yen broke structure to the downside. Is there more downside to come? We think the answer is yes but it will do so slowly. BEAR CASE A short consolidation to 154 and then price to test 149 where we expect some support to come from the bulls before one more leg down BULL CASE The consolidation may be longer than we expect maybe to the bottom of the...

IkanBilisCapital

Price continues to trade in a range this week. We think that will continue into the rest of the year. The bearish engulfing candle is formed on the 4hr and more downside will come at the start of the week but the downside is capped by the 200MA. BEAR CASE Price dumps straight away from these levels. Our target is between 122 and 122.5 BULL CASE Price...

IkanBilisCapital

The weekly candle on the swiss yen gave us a potential bearish signal. We expect price to continue to consolidate to the upside before giving us a big drop to the downside. BULL CASE Price moves to the top of the channel before dropping down farther. The price we're looking at is 126 but it may breakdown midway due to the uncertain nature in this zone. BEAR...

IkanBilisCapital

The pound dollar looks like it has room to move up and continue in its consolidation range after the UK announced no change in their interest rates. Unless there's a black swan it is unlikely that the pair will give us any direction. BULL CASE Price to go straight up from here to test 1.38 at the top of the channel. BEAR CASE Price corrects farther down to...

IkanBilisCapital

Last week we said that the EURUSD is entering an area where it will give us a messy structure. If you're in trades this week you need to stay agile and the following week is no different. There is some more upside from here but price will drop back quickly. Enter the trade only if you're a good scalper, otherwise wait for the bigger upward correction before taking...

IkanBilisCapital

We predicted correctly that the price is gonna move up from the mid channel support line. However, the pattern is extremely messy and there's no clear direction formed on this pair and now it looks like it's going to dump. We're neutral on the short term direction of DXY. But the long term direction is up once the fed raises interest rates next year. BEAR...

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The AUDUSD moved down as we predicted last week. I hope you guys took the trade. The price is now trading in a neutral zone and we've to proceed with caution. If we look at 2013, the last time the fed announced a taper, the price of AUDUSD dumped all the way down to the bottom of the channel and beyond and this time round it could be the same. We've a neutral bias...

IkanBilisCapital

BTC started the week gaining some of the losses it made late last week and price traded in a random walk manner for the rest of the week. Whilst it looks like clear skies are ahead. 55K looks like a level that needs to be tested before 100K can happen. If you're trading spot, you have nothing to worry about but if you're in leveraged longs, please control your...

IkanBilisCapital

The dollar cad traded is largely range bound this week. The coming week should see a break of trend to either side but our bias is to the downside as structurally on the longer term charts, it looks bearish. BEAR CASE If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside. BULL CASE As we enter the first week of...

IkanBilisCapital

Structurally, this looks ready for another leg down but we will wait for consolidation before takign the short position. BEAR CASE Price conlidates in a small range and breaks down immediately to retest 153.5 BULL CASE Do not be surprised if price tests the top of the channel at 157 before fulfilling the bear case.

IkanBilisCapital

This dollar yen is largely range bound this week. The following week could see more upside but we have a strong bias to the downside before sustained bullish price action can happen. BEAR CASE Structurally on the 4hr, price looks like it's ready to break out to the upside and it probably will break the top but the move should be fairly capped because the weekly...