ZenFlo

ZenFlo

When we view the price of XAGUSD since 2000, we see an asset which historically has done very well in the event of turmoil. When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued...

ZenFlo

Oil makes a nice triangle consolidation on the breakout we may look for a rally towards $90 a barrel, wait for breakout to confirm bullish momentum.

ZenFlo

Bitcoin makes a consolidation after strong move, and now has broken the triangle we can look to buy BTC and aim 80k/85k.

ZenFlo

EURJPY is in a channel and after breaking a triangle consolidation looks like it will attempt upper bounds of channel around 167. We can look to potentially buy this pair aswell as some of the other yen crosses.

ZenFlo

GBPUSD Appears to still be in range, we have the chance to play the range back to 1.28 with stops under Yesterdays low or the swing low itself.

ZenFlo

Oil made a major harmonic, we have recently hit first target, we then got a triangle consolidation we now in theory aim for C at 90, we could see price seriously gain momentum next few days/weeks, this will in turn keep inflation sticky, potentially delaying cuts.

ZenFlo Updated 

GBPJPY Makes a bat harmonic, after the recent massive climb, now is the time to potentially think about longing GJ towards 195 with some TP along the way, JPYX Broke the low and is now retesting, in theory its time for GJ to rip again next week, as always manage your risk and trade safely, we believe in 100 trades not 1. Enjoy the weekend

ZenFlo

Gold has shown me something surprising whilst overlooking some charts, we appear to have this huge monthly divergence in the asset when alongside the cumulative delta, now I have my doubts as this delta should be using orders for the most efficient results, but it is sure is interesting as its the only divergence I can find looking back, be interesting to here...

ZenFlo

NAS makes a balanced range on the 4H chart, we are now at the extreme boundary of it, we are now either going to see mean reversion back to 17800 or a break higher towards 19k! will post an update into next week.

ZenFlo Updated 

GJ has had a marvellous couple of days since BoJ rate decision, now we are looking a tad over extended, however being a carry trade I have no interest in the short, my focus for more entries is 'if' we get the pullback towards previous high, I will jump in and aim for 195.

ZenFlo Updated 

GBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with...

ZenFlo

DXY makes a bat harmonic, there could be some potential buys loading in EU, we need to bare in mind of rate decisions this week, as this can increase volatility. We also have divergence in the RSI indi this can potentially show waning momentum. Could be safer to wait for FED Decision before trading.

ZenFlo

Oil is in an uptrend and after this sideways range we have broken out, we can look for some further development in price from here, with oil maybe heading towards 84.95.

ZenFlo

Now when we look at the old saying 'the rich get richer, the poor get poorer' most shrug it off as a pun or a joke in time of self reflection about a current financial situation ect. But the reality is its becoming a major problem in our modern societies. So what does this mean for the average person, now we have all just lived through one of the largest ever...

ZenFlo

A deeper look at my previous post on GJ, it is starting to show signs of life, as we see another head and shoulders formed.

ZenFlo

EURUSD Is potentially setting up an ABCD move, PCE data came in and met expectations, with this being a major factor as to when the rate cuts begin, as the FED stated they needed more confidence, perhaps this is the start of a bullish move in the USD crosses, On Friday we saw massive momentum in the Indices and XAU, Maybe we see that move develop more next week.

ZenFlo

USDCAD is currently in a range, as we can see on the volume profile we have made a very nice distribution curve, we are also in a smaller distribution amongst this larger one. If we manage to break the high of the smaller balance, we may be likely to head to 1.3 area. Keep an eye on it next week, to find its path.

ZenFlo Updated 

Bitcoin if can break this consolidation bullish has the chance to make some price gain, if we break lower than the consolidation it hints at signs of a larger price drop incoming, as we are in an uptrend so to speak atm and after the sell of from the ETF announcement it could be a cheap price for one last potential move towards $52k. However need to keep an eye on...