IB Traders Insight


NEW - IB Traders' Insight Daily Commentary Videos View Videos

1 2 3 4 5 2 9


Technical Analysis

Raw Sugar (SB) Bounces Over 2.5% From Key .13 Level


Raw Sugar (SB) tried halting a 2 week slide yesterday, bouncing over 2.5% from the key .1300 level which although briefly breached in late June, eventually provided a springboard for a month long bear rally.  With one day left in the trading week, the weekly candle has become a Doji, suggesting a potential reversal for next week.  SB will have to follow through today by rallying above the week's high (on Monday) to put aside any doubt that the 2 week downtrend has ended.  Longer term, SB bulls will have to contend with triangle resistance (on the daily chart) and descending wedge resistance (on the weekly chart).  Weekly, daily and 4hr RSI, Stochastics and MACD are rallying or bottomish.  I remain long from Wednesday at .1334, targeting the red zone for early next week.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I set my stops tighter).

 

Raw Sugar (ICE SB Oct17) Weekly/Daily/4hr

 

Click here for today's technical analysis on Cocoa, Nikkei

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 


14273




Technical Analysis

AUDUSD Bounces 100 Pips Off Daily Chart Upchannel Support


The AUDUSD rebounded roughly 100 pips yesterday, rallying further following the FOMC.  With the AUDUSD bouncing yesterday off upchannel support (on the daily chart), the last 2 weeks of consolidation (seen on the weekly chart) may be coming to a completion, paving the way for a resumption of upside.  If the AUDUSD rallies further today, gains will likely be capped at the key psychological whole figure of 0.8 which the AUDUSD briefly broke in late July.  Weekly, daily and 4hr RSI, Stochastics and MACD are rallying, consolidating recent gains, or bottomish.  I will look to go long today in the green zone (of the daily chart), targeting the red zone for Friday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I set my stops tighter).

 

AUDUSD Weekly/Daily/4hr

 

Click here for today's technical analysis on Gold, Silver

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


14261




Technical Analysis

USDJPY Daily MACD Trying to Positively Cross


The USDJPY surged roughly 100 pips higher yesterday, breaking above descending wedge resistance (on the daily chart).  The rally will likely pause today as it treads into what may become downchannel resistance (on the 4hr and daily charts).  Assuming the USDJPY successfully breaks these downchannel resistance lines, the current green weekly candle will mark a successful test of triangle support (on the weekly chart).  Weekly, daily and 4hr RSI, Stochastics and MACD rallying or bottomish.  I will look to go long today in the green zone (of the daily chart), targeting the red zone for Wednesday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I set my stops tighter).

 

USDJPY Weekly/Daily/4hr

 

Click here for today's technical analysis on USDCHF, USDCAD

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


14248




Technical Analysis

USDCHF Surges 100 Pips to Daily Chart Downchannel Resistance


The USDCHF powered roughly 100 pips higher yesterday, bouncing off what is now evidently upchannel support (on the 4hr chart).  A clear break above downchannel resistance (on the daily chart) would pave the way towards the next key upside target at major downchannel resistance (on the weekly chart).  The weekly, daily and 4hr are rallying, consolidating recent gains or bottomish.  I will look to go long today in the green zone (of the daily chart), targeting the red zone for late week.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I set my stops tighter).

 

USDCHF Weekly/Daily

 

Click here for today's technical analysis on USDCAD, USDJPY

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


14227




Technical Analysis

USDCHF Weekly MACD Trying to Positively Cross


The USDCHF is trying to stabilize to start the week following 3 days of selling pressure.  A continued bounce from the current level would form an upchannel (on the 4hr chart), and positions the USDCHF to targeting downchannel resistance (on the daily chart).  A successful break above the daily chart's downchannel resistance will pave the way for a test of major downchannel resistance (on the weekly chart).  Although some bulls will remain cautious today given how the daily MACD is trying to negatively cross, I will look to go long today in the green zone (of the daily chart) encouraged by the bottomish weekly and 4hr RSI, Stochastics and MACD, targeting the red zone for mid week.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I set my stops tighter).

 

USDCHF Weekly/Daily/4hr

 

Click here for today's technical analysis on Bitcoin, Ethereum

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


14212




1 2 3 4 5 2 9

Disclosures

We appreciate your feedback. If you have any questions or comments about IB Traders' Insight please contact ibti@ibkr.com.

The material (including articles and commentary) provided on IB Traders' Insight is offered for informational purposes only. The posted material is NOT a recommendation by Interactive Brokers (IB) that you or your clients should contract for the services of or invest with any of the independent advisors or hedge funds or others who may post on IB Traders' Insight or invest with any advisors or hedge funds. The advisors, hedge funds and other analysts who may post on IB Traders' Insight are independent of IB and IB does not make any representations or warranties concerning the past or future performance of these advisors, hedge funds and others or the accuracy of the information they provide. Interactive Brokers does not conduct a "suitability review" to make sure the trading of any advisor or hedge fund or other party is suitable for you.

Securities or other financial instruments mentioned in the material posted are not suitable for all investors. The material posted does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before making any investment or trade, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice. Past performance is no guarantee of future results.

Any information provided by third parties has been obtained from sources believed to be reliable and accurate; however, IB does not warrant its accuracy and assumes no responsibility for any errors or omissions.

Any information posted by employees of IB or an affiliated company is based upon information that is believed to be reliable. However, neither IB nor its affiliates warrant its completeness, accuracy or adequacy. IB does not make any representations or warranties concerning the past or future performance of any financial instrument. By posting material on IB Traders' Insight, IB is not representing that any particular financial instrument or trading strategy is appropriate for you.