IkanBilisCapital

IkanBilisCapital

China and Russia has forced the US into a corner, they now have to choose between their symbol of freedom or their hegemony of the US dollar as the world's reserve currency. Lives will be lost but it is well played to say the least. What is the worse that can happen after this Russian war? If China sees it as a sign of weakness and invades Taiwan, the US may be...

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There will be more upside to come for the eur dollar. The fake out to the downside has taken out all the longs and the value is to liquidating the shorts now. We are expecting to see price retest 1.16 in the coming weeks after a short retrace. When price reaches that level, we will wait and see what the market gives us.

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The dollar cad finally broke out of its consolidation range this week but fell straight back into it later in the week. It is now trading at the bottom of the consolidation range again and we will be looking at a long entry. It is less likely that this coming rally will be a fake out since, the institutions already caught some fish the last time round. These...

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The 156 level is extremely important for the pound yen, if price breaks above it and finds support, we will be expecting price to retest the top of the consolidation channel at 160. Otherwise, we can expect to see price retest the bottom of the channel at 149. We are neutral on this pair.

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The price for USDJPY is consolidating at the bottom of the channel looking for another run to break the top of the channel. The bottom may be in but do not be surprised to see another fake out to the bottom. If you are already in the long, and in profit, you can take some profits off the table once price tests 116.5. Otherwise, I think we can wait for a better buy...

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The DXY made a run to break the top of the channel this week and failed. We are likely to see price spend some time in this consolidation channel before it builds up enough momentum to break to the upside. We are short term bias to the downside for the DXY but we will be only looking for long entries on the pair. A retest of the bottom of the channel at 95.7 will...

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Is it risk on for the Aussie dollar? Russia launched a full scale attack on Ukraine this week and this caused a short dip in the market before a strong reversal, bringing up the prices of risk on asset classes across the board. Are we going to see a continuation of trend for the audusd or will there be a deeper correction? BULL CASE Price makes one more push up...

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Bitcoin saw an uptick for the most of this month but it faced some strong rejection at around the 45K region and the structure looks weak at these levels. If the price does not manage to hold 35K, it is likely that more downside will come for the king. But you should rejoicing that bitcoin is giving you a discount and buy the dip.

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All eyes are upon 1.125. If price fails to hold that level, it is likely that there will be more downside to come for the euro dollar. This move can go all the way down to retest 1.10. We have a slight bias towards the downside to favour the selloff before the US fed rate hikes.

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It's been a painful week looking at the dollar cad trade within this tight range but hang out tight, a breakout is coming sooner than you will expect. Price may continue to trade in a range within the channel but expect to see a break out soon! If you're not already in the long, you can consider placing one at these levels and a stop loss at the 1.266 level...

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The GBPJPY has been trading in a giant consolidation range and has been on a uptrend in this range since December 2021. Are we going to see continued upside or is price going to break down from here? It is unclear just by looking at the charts, in the short term, these levels looks good for a long but control your risk to a bare minimum. We are pretty neutral on...

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It looks like there is more downside to come for the DXY though the move will likely be capped in a range. This downward move can get some support at around the 114.6 or 114.2 levels before it hits the bottom of the range. What the price chooses to do at those levels will be largely dependent on what the central banks do. Is the federal reserve going to turn more...

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The DXY looks set to continue to trade in a ranging motion to the upside as this is a historically messy region. It is likely that the price will continue to trade in a random walk manner with no clear direction until it breaks out of the 95.8 to 97 range. My guess is that it will break to the upside for the final wave 5 impulse so look out for that. I'd...

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The aussie dollar traded in a sideways action this weak, consolidating upwards from it's downward trend. Shorts that have got in this week would have given up and it looks like the move on the last day of the week signals a stronger break to the downside. This push to the downside will likely find some support around the 0.69 levels before the market decides what...

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BTC is hanging in the balance. Inflation fears looms in the US but a hawkish fed is putting a stopper for a BTC rally. The markets are waiting to see if the fed turns more hawkish to put a stop on inflation or stay on course. If the status quo persists, expect to see a BTC rally until the end of 2022 right before the mid term elections. Otherwise, expect to see a...

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The euro dollar has managed to whip saw traders on the down and upside and I believe is now looking to break the bottom again. This move should be quick to test the 1.09 to 1.10 before rallying again.

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The dollar cad has been range bound the entire week. I expect to see a breakout of the range to test the top of the channel at 1.33. Afterwhich, we will wait and see if there's a breakout of the channel.

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THe GBPJPY give up the gains it made in one fell swoop on the last day of the trading week. We expect to see price recover from here in choppy fashion to complete a wave 5 impulse before a macro trend reversal for the pair. This level is great for a buy if you can get in at market open next week, otherwise wait for the choppy range to form and a break out of the...