Based on my analysis, I think GBPJPY currency pair may likely experience a bullish rally, moving from its current price of 161.1316 to the bearish 4-hour market zone located above. The underlying reasoning behind this prediction is that price action has demonstrated a clear rejection of the internal demand zone, leading to the likelihood of further upward momentum...
The recent release of the CPI (Consumer Price Index) yesterday, showed an increase of 0.5% on all items, which was in line with market expectations. The CPI is a critical indicator of inflation, which can impact the value of a currency. Inflation tends to reduce the purchasing power of a currency and can lead to a decline in its value, all things being equal....
Earlier this week I sent to the letter a bullish scenario on $AUDCAD: Bullish Bat pattern (in Yellow), which can also be used as an aggressive C entry on a bearish BAT (green) The Elite Zone's bullish Bat has already reached both of its targets, giving the members about 100 pips.. and now I'm looking for the continuation of the move towards the completion of the...
Two weeks ago, on the Weekly Markets Analysis newsletter, I've analyzed $GBPJPY as part of the requests zone. It took this pair some time to move, but eventually the move created nice profit and it is only half way down to reach the next trading scenarios - BULLISH and BEARISH - as shown in the chart. Read this week's Weekly Markets Analysis newsletters -...
We've been waiting and waiting and now all the talks are over... Yellen, Draghi.. those are all behind us Now its time for action - Up or down? Breakout? or pattern reversal move? I'm with the bears till proven otherwise.. WWW.THEMARKETZONE.NET Weekly Markets Analysis
One of my successful trades yesterday was this hourly harmonic pattern (bat pattern) on $GBPNZD. It was a setup sent to the members on my weekly members letter and we had couple of entry points to choose from. I've just posted a blog post discussing about this trade and the dilemma we had regarding our possible entry points. You can read the blog post...
My last trade idea in $TSLA was successful as the stock reversed from the AB=CD pattern I posted. Now $TSLA is running into important resistance towards Ilan's special announcement. Is this the reversal zone for the continuation move towards AB=CD target 2? 230? next? I guess we will have to see market's reaction to the message.
After successful short trade we took at the Elite Zone based on the Gartley pattern, I'm now looking for reversal in $NZDCHF. The Gartley reached both of its target levels and now the price is at interesting, possible support, zone. 1. Bullish AB=CD pattern completion 2. Structure level 3. 61.8 Fib level These 3 technical reasons may be good enough to look for...
We have bearish setup in $AMAT as the stock completed bearish harmonic trading pattern and made double top at the PRZ. Now we need to see trendline break down to confirm the trend's reversal
Looking for buying opportunity in Gold? Want to invest in Gold? $XAUUSD completed a bullish weekly pattern and on the daily chart we saw some buyers stepping in after the pattern completion. This setup presents a great R/R based on previous price behavior and if you are bullish Gold, you may want to check out this setup and do your own analysis to confirm. The...
The first bearish setup, the bearish Cypher (Elite Zone only), already reached both of its target levels. Now $PRGO is presenting two possible continuation trade setups. 1. Major structure zone. 2. Possible Harmonic pattern completion *The full explanation is this week's Weekly Markets Analysis This setup is part of the Weekly Markets Analysis newsletter...
In June, Italy broke below the downtrend line its been following since mid 2013. After a sharp decline where it broke also below the 16.5 support zone, $EWI used the last couple of week to made a small pullback (in a form of a bearish Flag) right back into the 16.5 zone (now resistance). Since C point (16.5) was right at the 61.8 Fib level, we may see a possible...
The daily AB=CD pattern started working last week with a nice reversal in the PRZ. The stock is trading inside a small descending Triangle and we see sellers pressure pushing the price lower and lower inside the tight range. Break of the Triangle will probably lead to the support zone (structure and trend line). It will be a buying opportunity for the bulls...
If you read this week's Weekly Markets Analysis, you probably saw the harmonic pattern I mentioned in $GBPNZD. The setup is now up by more than 350 pips. marketzone.tumblr.com Fore more trading ideas, sign up for the Weekly Markets Analysis - For free..
1.2 zone is a very important support zone. We saw some significant rallies from this zone (with the help of the Swiss bank). We see in the chart a harmonic pattern that the price tried to violate and failed (spike low). The price currently is below minor resistance (red). A break above this resistance could mean the execution of the bullish pattern 1.2065 is...
The first setup was based on 4H harmonic pattern, completed near 0.937. Target 1 was reached within short time. After small pullback, we used the 4H trend line and the minor structure zone to time another entry. That setup sent this pair all the way to Target 2.
Second attempt to break the strong daily resistance zone I marked in the chart. Also testing the X point of a bearish Cypher pattern. Do you think that $BAC can break it? I think that it can be a good place to try and short here (still need to see daily close today - Bearish candle will be nice here near this zone) In case that it will break, you have pattern...
This setup, sent to the Elite Zone members before yesterday's GBP economic events. Bearish Gartley, bearish Bat and bearish Cypher - Confluence of three harmonic trading patterns right near the 2.0 round number. Setup just reached its secondary target level - 300 pips. Perfect example of the king of trades Elite Zone members receive each week for stocks and FX.