IkanBilisCapital

IkanBilisCapital

The dollar index has been trending upwards from the bottom of the channel since the start of the first week of September. We are approaching the last week of September and waiting for a drop to come. This can happen next week or in the first week of October. We will try to stay out of trades in the coming and position ourselves for the big drop to come. BEAR...

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We switched our bias from bullish to bearish from last week and we did see the market selloff this week. After the fed's announcement of a taper (to understand more please read the analysis on SPX and US10Y treasury), we still maintain a bearish tone but we must caution that the bottom is near for this risk on pair. We could see another month or two of red candles...

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Please read the analysis on the US 10Y Treasury and SPX to get some idea on the current state of the macros. Assuming that there're no black swan events and China's recent ban on crypto for the 1000th time should not take anyone by surprise. We think that BTC and the crypto markets is set for a final hurray for Q4 2021. We look to the 2013 charts for some...

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Read this week's analysis on US 10Y Treasury to get the relationship between safe haven and risk on assets. The price of SPX considering that there's no black swan event that happens between now and in the expected completion of taper in mid 2022. We expect the SPX to have a final hurray going into 2022 before having a major correction.

IkanBilisCapital Updated 

The federal reserve just announced a potential taper of the asset purchase and start reducing the growth of their balance sheet going into 2022. This taper could potentially end in mid 2022 and Jerome Powell announced they would consider raising rates depending on the economic situation then. This clearly reflects that inflation is running wild in the United...

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Following our introduction of crypto pairs, we have a new gem for you guys this week. DYDX is a decentralised leverage crypto trading platform, price dumped back to it's launch price after a quick 60% gain and within the same week, it's now trading at all time highs. The road for risk on assets looks choppy for the months to come but we're extremely bullish on...

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The pair continues to trade in a range after breaking the areas of liquidity which we've set out. We expected to see price dump all the way down but it saw strong buying. I think we will see the buying continue in the following week. BULL CASE This buying may see price retest 111 after a potential short term consolidation at 110.4 BEAR CASE The 110.4 is a last...

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The usdcad saw strong buying this week. We're going to flip our bias to a buy for the pair. BULL CASE 1.30 is the target that we're looking at for this pair BEAR CASE If we're wrong, our initial analysis for a short to 1.23 will materialise.

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The euro dollar looks like it's set for more downside and trading in a side way range without much direction for the rest of the year and going into Q1 2022 BEAR CASE I think price will likely test 1.16 before the bottom of the range is found, after which it should find upside in a choppy manner before deciding what to do next. BULL CASE Price may find some...

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This week's price action for all the pairs came at a bit of a surprise but not totally unexpected. It reminds us again why it's so important to control the risk in your trades. We expect DXY to see farther gains to retest the top of the channel once more. BULL CASE DXY to move farther up from here to retest the top of the channel at around 94.5 BEAR CASE There's...

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I have been mainly bullish on risk on pairs like the aussie dollar for the past for weeks. This weeks' price action is making me switch my bias. The pair looks short to mid-term bullish and looks like it will trade in a range for the large part of 2022. BEAR CASE We are expecting price to visit 0.70 for a strong rebound. After that we will switch our strategy...

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L1 solutions saw crazy gains this week despite the rest of the markets taking a dump. We picked out AVAX as a potential contender to SOL and LUNA and a similar move could happen for this pair. BULL CASE It looks ready to move up from here. Our price target for this pair is around the 230 level BEAR CASE If price takes farther dump, we see $20 as a strong area of support.

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We saw a 3X gain for our rose position since we entered, we took some off the table at the top and would be looking to accumulate as price continues to move down. BULL CASE We could see a fake out to 0.20 shake overleveraged plays before more upside. BEAR CASE This pair could play out like CELO and dump all the way to 0.12. Regardless we will buy more of it as...

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CELO saw it's meteoric rise and fall from grace this week as the crypto exchanges shut its doors to liquidate overzealous leveraged long plays. Price is now at a discount and good for accumulation for long term investment. BULL CASE Price could move up from here and the long term targets we are looking at is at around the $30 levels BEAR CASE If the crypto...

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The dollar yen continues to trade in a range it formed since mid August, we are short on this pair but a fake out may happen to the upside before the downside targets can be achieved. BEAR CASE Price looks ready to dump down from here to reach our targets to the downside at 109 and 108.5 BULL CASE We should not be surprised if market makers continue to hunt...

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The dollar cad saw strong buying off the 200MA and this upside could continue farther. However, we think this upside move will be capped. In proven otherwise, we will control risk and evaluate. BEAR CASE We think the price might fake out to the upside before dumping down to our bear targets at 1.25 and 1.23 BULL CASE If price sees conviction to the upside, we...

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The euro dollar corrected the downside after two weeks of bullish up move. We could see this correction continue in the coming week but the downside is capped. BULL CASE Price could bounce off the 1.18 level immediately to reach our upside targets of 1.20 BEAR CASE If price finds itself extending down farther, we see 1.175 to form strong support, after which...

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DXY saw some upwards consolidation this week. We could see more of it in the coming week but the upside is capped. BULL CASE The 93 level should form some kind of resistance for the index and shortly after it should dump to the downside. BEAR CASE The pair could reverse from the 200MA and retest the 91.5 level.