themarketzone

themarketzone

SPX with a false breakout. SPX price is back inside the Triangle pattern following an attempt to break out of the downtrend line. The support zone will be tested next. Breakdown of the support zone can lead to a massive sell-off in SPX

themarketzone

Will probably test the downtrend line today (or early next week)

themarketzone

Weekly Inverted Head and Shoulders pattern in Crude Oil? Notice the weekly structure zone that turns from resistance to support. Real break? False Break? Time will tell... Right now, things are looking bullish for Oil

themarketzone

Buyers are reacting to the Gartley's PRZ A correction towards the trend line ahead?

themarketzone

Google is testing a weekly support zone. Buy the Dip?

themarketzone Updated 

The Financials are looking strong today as we get closer to FOMC minutes. XLF is about to complete a 61.8 Fib correction to the bearish move that we had two weeks ago when XLF touched 2008's levels. This can be the end of XLF's bullish pullback... if it's a pullback :) XLF will definitely be influenced by today's minutes. Check it out

themarketzone Updated 

False Break scenario (bearish) Or continuation? What do you see/think?

themarketzone

Bearish signs for the Nasdaq but the price is still above support. FOMC is next

themarketzone

SPX breaks support Still testing weekly support near 2700 but things aren't looking good for stocks

themarketzone

The latest economic numbers seen in the U.S may put the Fed's hike plans on hold. We will know that next week. This is the support zone that you should probably focus on - Bears and Bulls

themarketzone Updated 

CHFJPY is breaking out of a daily uptrend - This is a bearish sign. Notice that even if CHFJPY will try to climb, it has some serious resistance from above. Nearest support zones are marked in the chart

themarketzone Updated 

Double top pattern triggered Long term bearish signal now depends on how the price will deal with the support zone marked in the chrat

themarketzone Updated 

The bullish scenario in AUDCHF is in play as the price found support inside the PRZ that I mentioned two weeks ago. First target is already within reach (the Fast MA line) and the price must climb above it in order to continue to the next target zone

themarketzone

Can SPX reach 3000? Last week, following NFP, the Index generated a bullish signal when it climbed back up above all MA lines and above the 2730-2750 resistance zone. Now SPX is facing 2800 - A structure zone that will try to prevent the Index from climbing north. Based on harmonic pattern we see that there's a potential Butterfly pattern with completion just...

themarketzone

EURUSD was rejected by a weekly resistance zone last week (structure, trend line, harmonic pattern) The resistance zone and the triple top pattern sent EURUSD down - Forming Outside Bar pattern that will be in focus this week. EURUSD will have to break the support zone to continue lower

themarketzone

The chart shows how AUDCHF had a shift in trend few weeks ago when the price closed below a weekly uptrend line and was rejected by it. The confirmation signals came few weeks after the breakdown of the trend Now AUDCHF is testing a potential support zone (harmonic patterns) Potential pullback to the MA lines from here Read more about this setup and others in...

themarketzone

The Dollar Index pullback (a deep one) ended today when DXY jumped from support. Double bottom scenario in play Will focus on that one next week

themarketzone

The Dollar Index's correction move continues today as DXY is getting hammered after failing to hold above the Fast MA (support) A double bottom scenario inside the PRZ of the bullish pattern in now in focus as DXY is about to re-test a weekly structure zone and the weekly uptrend line