I mentioned this zone in this week's Weekly Markets Analysis. Currently it is holding as resistance. Critical zone to monitor towards and after the FOMC
After the previous successful bounce from the PRZ, Crude is back again in the interesting zone. Just a small reminder for the bullish monthly pattern I posted here 3 months ago.
This trade is an example of how sometimes you don't need to know much more than to recognize a trend line. As you can see in the chart, once the price broke out of this long down trend line, it never looked back. The fact that it gapped also above the fast SMA line (blue), confirmed our setup and today, the members can collect profit. Have more questions about...
Out of the 3 indexes ETFs I cover in this week's Weekly Markets Analysis, $IWM is definitely the strongest. The ETF bounced from the support zone mentioned last week and rallied back into the broken trading channel. Near 125-126 it will meet the top of its trading channel and the PRZ of a bearish Crab Read more about this trading scenario and more in this...
In this week's Weekly Markets Analysis I cover $SPY, $QQQ and $IWM. The last two shows strength over the $SPY, what does it mean? Who is giving us a hint regarding the markets direction? Is it the $SPY weakness or the $QQQ and $IWM strength? Check out this week's newsletter to view these analyses and more: marketzone.tumblr.com Subscribe to the...
In the Weekly Markets Analysis this week, as promised, I'm trying to find out where $GBPNZD might be heading in the near future by analyzing the weekly and monthly chart to add a "bigger picture" review to my previous analysis posted here last week. Check out the Weekly Markets Analysis: marketzone.tumblr.com Subscribe to the newsletter: www.themarketzone.net
The $USD is about to touch the 61.8 Fib as I suggested it will on last week's Weekly Markets Analysis. It isn't a coincidence that it is reaching this level just when we have a crucial FOMC meeting. What will be next for the USD? Make sure you read this week's WMA.. It is almost ready.. Visit and follow marketzone.tumblr.com Stay tuned to the Zone
As per your request, here's how I see the $GBPNZD situation right now. 2.0-2.01 is a very strong daily support zone - Could lead to a pullback to the 2.04 zone (maybe even 2.05) Judging by the strength of the recent sell off, the price could attempt to breakdown this zone, if it will manage to do so, it can drop all the way down to 1.94 (longer term bearish...
The Cypher pattern mentioned in the Weekly Markets Analysis reached its target level. Looks like on the daily chart we got daily double bottom..Needs to cross above 0.745 to confirm continuation Visit - HTTP://WWW.THEMARKETZONE.NET and sign up for the Weekly Markets Analysis newsletter
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...
These are three examples of the trade ideas the Elite Zone members received over the last few weeks. Yea.. it took a lot of patience! This is part of swing trading and part of being a successful trader. Want to see more of our trades? Check it out here: marketzone.tumblr.com If you like harmonics? Follow the blog and on TradingView
On the this week's Weekly Markets Analysis newsletter, I've mentioned that 120 is a crucial level in $IWM marketzone.tumblr.com Today, $IWM broke down back into previous resistance zone and closed below 120$. If the price will stay below that level, it could be a major bearish sign for the Russel. The only thing separates $IWM from falling apart right now is...
For five time I've shorted $GBPNZD when it reached the 2.08 zone. Whether it was harmonic pattern, structure or KOD setup, every time it worked.. still, this is is persistent in its attempts to breakout of this zone. The next major event for this pair is definitely the RBNZ rate decision coming tomorrow (depending on your time zone.. check it out at...
Earlier today, I've sent to the members a letter saying "who cares about iWatch?" It's not that I'm dismissing half of the world's population that use AAPL's products, its just that I put aside all the fuss and the self promotion $AAPL is using by its flee of reporters and I consider only Price. We have a daily bearish pattern on $AAPL that already generated...
$IWM had a nice reversal over the last trading week, which I've i traded successfully (special alert letter was sent to the Elite Zone members - Become an Elite Zone member - www.themarketzone.net) Now $IWM is facing the same resistance it broke during February and it should act as support (if it wasn't a false break) 120$ is the crucial zone to monitor this...
In this week's Weekly Markets Analysis I'm reviewing and analyzing $NZDUSD with a potential bullish Cypher towards the RBNZ rate decision. Read this setup and more in this week's newsletters: marketzone.tumblr.com Subscribe to the newsletters here: www.themarketzone.net Send your charts requests over the weekend: themarketzoneforex.wix.com
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 -...
$GBPCAD was the Requests Zone analysis on my last Weekly Markets Analysis newsletter addition two weeks ago.. The setup was based on the rising wedge and I've suggested to try and catch a continuation trade, following a daily Pinbar that came after a successful double top trade. As you can see, the setup was violated as $GBPCAD broke out of the Wedge pattern...