themarketzone

themarketzone

Oil price is climbing back to test the bottom of a broken channel (resistance) and the 200 weeks MA line. This is the key focus zone for the coming days/weeks. Failure to break into the channel will lead to another bearish wave. A close back inside the channel will trigger a false break scenario and potentially ignite a rally in oil prices.

themarketzone

Despite the optimism in the U.S markets, Europe sends warning signals. The rally in the U.S stock market didn't translate to a rally in Germany yet... and even it the DAX will enjoy a short term boost of optimism, technically things look bad for Germany

themarketzone

Last week AUDJPY spiked 600 pips (low volume - holidays market) The Bears tried to trigger a weekly H&S pattern by closing below the neckline - They failed. It looks like we can see a short term pullback in AUDJPY... but pay close attention to that weekly H&S pattern as the year progresses. Happy 2019!

themarketzone

The post Christmas Rally has sent SPX back above the monthly uptrend line. That perhaps improves the odds the January will be a better month for stocks than November and December. The 200 weeks MA (that was the trigger for the rally) and the monthly line should be in your "monitor carefully" list for the beginning of 2019 Happy New Year!!

themarketzone

It is Christmas Eve and trading volume is thin... but XLK just crossed below the 200 weeks MA line. If it will close the week this way, it will be another bearish sign for U.S stocks.

themarketzone

USDCAD continues to climb as Oil prices continue to slide. USDCAD is not testing the top of a trading channel and the price is still within the PRZ of a weekly Gartley pattern. Will it be enough to stop USDCAD's bullish run? Interesting setup to monitor towards the new year.... Merry Christmas and a happy new year to you all!

themarketzone

Gold is testing a daily resistance zone that includes: Daily structure Daily channel 200 days MA line 1250 is the key price zone. FOMC and the Dollar are in focus

themarketzone

Recent news from England sends the Cable (GBPUSD) back to test the post referendum lows. GBPUSD is now testing the top of a broken channel - Last time it did that, GBPUSD rallied more than 300 pips. Would you look to buy GBPUSD based on the structure support and the channel? OR... Would you focus more on the H&S pattern that GBPUSD has formed during 2018?

themarketzone

Bitcoin failed to hold the support zone it had near 5500$ The breakdown of the Triangle pattern led to massive selling. The next support zone (weekly) is near 3000.

themarketzone

SPX bounced from a monthly support line last week. It is the second time that a monthly line saves the S&P500 from falling apart. If the Bulls will continue to hold ground... they may try to generate a Year End Rally. In such scenario, I've marked the important elements you need to watch in the near term future. The final target zone of this potential rally...

themarketzone

BTCUSD continues to break support levels. This week it broke below another Triangle Pattern. Some see 5600-5800 as the last line of defense... if the Bulls want to keep the Bitcoin Dream alive, they should start fighting

themarketzone

Oil's price is back near the bottom of a monthly channel following a false breakout. 48-52$ will be tested as potential support if Oil's price will continue a bit lower.

themarketzone

The German DAX is testing a monthly line again. Last month it held above it. Will it happen again? Year End Rally depends on the Bulls saving the DAX right from this price zone

themarketzone

AMZN is moving towards a support zone. Will it be the end of its pullback?

themarketzone

Since it broke its weekly uptrend, FB is slowly and steadily sliding down. The next weekly support zone is near the 200 weeks MA line. Even if FB will climb higher from where it is at right now... the final destination of the current bearish wave is most like 130-135$

themarketzone

TEVA was saved by the 50 weeks MA line. The stock is now back above a weekly uptrend line. If it will hold above it and close above it... chances are that we will see TEVA advancing towards 30$

themarketzone

Bullish Batterfly - Aggressive entry Or wait for confirmation first with a close above 11$

themarketzone

TLT with a huge bearish signal