themarketzone

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About me Forex, equities and options private trader. Technical analyst mastering the art of harmonic trading. The owner of The Market Zone blog and website. My blog - www.themarketzone.n Disclaimer: The trade ideas posted are only my opinions of the
Joined Israel themarketzone
"I have two basic rules about trading as well as in life.. 1. If you don't bet you can't win 2. If you lose all your chips, you can't bet" Larry Hite
Markets Allocation
40 % stocks 39 % forex 3 % commodities 19 % other
Top Mentioned Symbols
EURUSD 9% | 76 SPX 6% | 54 SPY 5% | 46 GBPUSD 4% | 33
DXY: Back inside a weekly support zone following trend line rejection
67 0 3
DXY, D
Back inside a weekly support zone following trend line rejection

In this week's newsletter I mentioned that in order to continue higher towards my final target zone (99$) DXY will have to over come a daily resistance zone that included a structure and a broken trend line near 97.5$ That zone played major role so far this week and today it has sent DXY back to the weekly harmonic support zone shown in the chart. GDP now in ...

PRGO: Short term target zone reached - Resistance ahead
10 0 5
PRGO, D
Short term target zone reached - Resistance ahead

To continue higher PRGO will have to break above the top of the channel and the 200 MA line. Bears can look for bearish reversal signs inside this resistance zone.

themarketzone themarketzone PRO EURUSD, D,
EURUSD: Focus on MA line (resistance) and trading channel (support)
160 1 9
EURUSD, D
Focus on MA line (resistance) and trading channel (support)

EURUSD is stalling between 1.11 and 1.13 following a down trend line breakout. For about a month now EURUSD has been consolidating and it can end this week with speeches from Draghi, Yellen and the U.S GDP number (impact on the Dollar and therefore EURUSD). 1.12 is the nearest resistance zone - The Fast MA line is the technical element to focus on From below we ...

themarketzone themarketzone PRO BTCUSD, D,
BTCUSD: Testing resistance zone - Here's what you need to know
385 0 8
BTCUSD, D
Testing resistance zone - Here's what you need to know

Two scenarios that I see right now in Bitcoin Slightly bearish here but this currency can still push higher.

GLD: Gold is testing a daily support zone
175 0 9
GLD, D
Gold is testing a daily support zone

GLD is testing a daily support zone that includes the bottom of a trading channel, its 200 days MA line and a daily structure. R/R for this potential bullish scenario is shown. Look for intra-day/daily reversal patterns that will show buying activities inside this price zone Want more trading ideas? Search #WeeklyMarketsAnalysis on Twitter

themarketzone themarketzone PRO NZDUSD, W,
NZDUSD: Potential Sell Zone towards RBNZ rate decision
68 0 4
NZDUSD, W
Potential Sell Zone towards RBNZ rate decision

Weekly Resistance Zone ahead: 1) Daily structure zone 2) Broken uptrend line (should act as resistance now) 3) 200 weeks MA line 4) Top of a trading channel. Monitor this price zone towards RBNZ rate decision Read more about NZDUSD, GBPUSD, DXY, Oil, UK100, GER100 in this week's newsletter - #WeeklyMarketsAnalysis (Twitter)

themarketzone themarketzone PRO XLF, W, Short ,
XLF: Financials about to complete a second bearish harmonic pattern
46 0 4
XLF, W Short
Financials about to complete a second bearish harmonic pattern

Notice the Sell Zone shown in this chart

NKE: Resistance Zone - Preparing for earnings
52 0 9
NKE, W
Resistance Zone - Preparing for earnings

NKE bullish run started following the completion of a bullish Bat and re-test of a broken channel. Now NKE reached a weekly resistance zone. Here are two scenarios to monitor towards earnings

themarketzone themarketzone PRO BTCUSD, D,
BTCUSD: Fast MA line in focus
234 0 15
BTCUSD, D
Fast MA line in focus

In my VLOG this week I mentioned why, as a technical trader, you shouldn't consider buying BTCUSD near the 3k level. BTCUSD is down today and it has reached the Fast MA line - The same MA line that helped it to rally from the 2K level couple of weeks ago. This was my weekly bullish scenario and it has already reached the first target zone (structure in blue) If ...

themarketzone themarketzone PRO SPX500, D,
SPX500: Outside Bar and trading channel in focus
127 0 4
SPX500, D
Outside Bar and trading channel in focus

SPX is under pressure today as FOMC is approaching. The Outside Bar that I mentioned in my weekly newsletter isn't triggered yet, but a close below the channel's top can be considered as a preliminary bearish signal. The top of the channel acts as support right now and prevents the price from generating a false breakout scenario. Monitor these two patterns ...

GLD: Potential Buy Zone for Gold
281 0 6
GLD, D
Potential Buy Zone for Gold

GLD fell last week as Dollar rallied towards FOMC. The turn came after the completion of a bearish Gartley pattern. Now GLD is approaching a potential Buy Zone that includes: Weekly MA lines Daily MA lines Broken trend line Structure Risk and Potential Reward are shown If the Fed won't raise rates, GLD can be an interesting buy. Read more about GLD, DXY, ...

themarketzone themarketzone PRO GBPUSD, D,
GBPUSD: What's next for the Cable?
199 2 9
GBPUSD, D
What's next for the Cable?

GBPUSD crashed last week from the 1.3 resistance zone (weekly structure and bottom of a trading channel). The pair is moving towards 1.26, which is the next major weekly support zone and a potential Buy Zone. A potential swing trading opportunity is shown Read more about GBPUSD analysis and more trading ideas in this week's newsletter (FOMC ...

DXY: People buy USD as Comey tension eases and focus shifts to FOMC
127 0 10
DXY, D
People buy USD as Comey tension eases and focus shifts to FOMC

The Harmonic Support Zone I mentioned in this week's newsletter. Comey's tension eases, the GBPUSD is crashing down following the UK elections (1.3 was also a resistance zone I mentioned in this week's newsletter) and Investors are starting to buy again with expectations for another rate hike next week. DXY is up and back above 97$ The final target zone of this ...

themarketzone themarketzone PRO XLK, M, Short ,
XLK: Bearish harmonic pattern near 2K tech bubble levels
85 0 3
XLK, M Short
Bearish harmonic pattern near 2K tech bubble levels

XLK has been one of the main forces behind the U.S stocks market rally since Trump was elected. XLK is up almost 20% since the U.S elections and it is now approaching the 2K tech bubble levels. Bearish Bat pattern will be complete just below 60$ Interesting price zone to watch in near future. Are we near the end? Read more in this week's newsletter ...

themarketzone themarketzone PRO GBPUSD, D,
GBPUSD: Broke below a trading channel - 1.26 next?
167 0 11
GBPUSD, D
Broke below a trading channel - 1.26 next?

The UK elections are coming and GBPUSD is starting to feel the pressure. GBPUSD broke below a daily channel and closed below the Fast daily MA line last week. As long as GBPUSD stays below 1.3 the direction is down (in my opinion). The next Major Buy Zone for GBPUSD is 1.26 and that can be the level in which GBPUSD will turn back higher and climb towards the ...

themarketzone themarketzone PRO GER30, D,
GER30: Breakout confirmed - DAX continues higher
139 0 2
GER30, D
Breakout confirmed - DAX continues higher

Trading channel breakout confirmed. Resistance turned to support and the DAX continue its way towards 13,000

themarketzone themarketzone PRO EURUSD, D,
EURUSD: Bearish harmonic pattern can drive Euro to 1.11
205 0 11
EURUSD, D
Bearish harmonic pattern can drive Euro to 1.11

The bearish harmonic pattern you see in the chart can drive EURUSD back to nearest support zone - 1.11. Bulls should focus on 1.11 and seek for bullish reversal inside this price zone - Potential targets are 1.12, 1.13 (PRZ) and 1.14 (weekly structure) Bears should take profits near 1.11 and hold half of their positions for extended target zones like 1.1 and ...

CL1!: Despite the crash Oil is still inside a Triangle
159 0 13
CL1!, W
Despite the crash Oil is still inside a Triangle

Despite the "Sell the news" crash we saw last Thursday, Oil is still above support. The 50 weeks MA line, the daily uptrend line and the 200 days MA line provide support to Oil's price Oil was rejected last week by the 51-52$ resistance zone but as mentioned stayed above support. Oil looks fragile. A close below the Triangle will send it lower towards 45$. ...

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