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Technical Analysis

USDCAD Weekly MACD Positively Crossing


The USDCAD edged higher yesterday as it continued its 2 plus weeks of consolidation, and appears poised to resume sometime early next week the September bounce off just above 1.2 to 1.25.  Assuming bulls are successful in breaking above the slightly downsloping resistance line (on the 4hr chart), the USDCAD will likely gravitate towards its August high.  Weekly, daily and 4hr RSI, Stochastics and MACD are rallying, bottomish or consolidating recent gains.  I am looking to go long in the green zone (of the daily chart) and am 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).

 

USDCAD Weekly/Daily/4hr

 

Click here for today's technical analysis on Soybean, 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.

 


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Technical Analysis

Cocoa (CC) Consolidating Just Below Jun, Aug Highs


Cocoa (CC) edged higher yesterday, and appears poised in the next day or so to resume the upchannel (on the 4hr/daily chart).  CC bulls are not completely out of the woods though, as the daily MACD has just negatively crossed.  Bears will likely remain cautious today as the daily RSI and Stochastics are attempting to bottom.  Notably, last week's pullback was roughly 100 points, while the latest 3 day drop of 90 points was relatively less severe.  Weekly and 4hr RSI, Stochastics and MACD are rallying, bottomish or consolidating recent gains.  I am long from yesterday at 2081, after taking profit on Monday's position, and am targeting the red zone (on the daily chart) 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).

 

Cocoa (ICE CC Dec17) Weekly/Daily/4hr

 

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

 

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.


15003




Technical Analysis

Cocoa (CC) Trying to Bounce Off Daily Chart Upchannel Support


Cocoa (CC) bounced almost 1% yesterday, refusing to drop to upchannel support (on the 4hr/daily chart) on the 3 day slide.  CC bulls are not out of the woods yet, as the daily MACD appears to be trying to negatively cross.  The seemingly bearish MACD signal may be a false one though as the daily RSI and Stochastics have already begun attempting to bottom.  Notably, last week's pullback was roughly 100 points, while the latest 3 day drop of 90 points was relatively less severe.  Weekly and 4hr RSI, Stochastics and MACD are rallying, bottomish or consolidating recent gains.  I am long from Monday at 2083, targeting the red zone (on the daily chart) 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).

 

Cocoa (ICE CC Dec17) Weekly/Daily/4hr

 

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

 

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.

 


14987




Technical Analysis

EURUSD Head & Shoulders Potentially Forming on Daily Chart


The EURUSD edged lower yesterday, as the bounce in the first half of last week continues unraveling after being rejected at prior upchannel support (on the weekly chart).  Significantly, the EURUSD is potentially forming a Head & Shoulders on the daily chart, with the right shoulder consisting of the price action over the last week.  Weekly, daily and 4hr RSI, Stochastics and MACD are turning/sliding down, or consolidating recent losses.  I am looking to enter short today in the red zone (of the daily chart), targeting the green zone for Thursday.  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).

 

EURUSD Weekly/Daily/4hr

 

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

 

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.


14967




Technical Analysis

Raw Sugar (SB) Daily MACD Positively Crossing


Raw Sugar (SB) edged higher Friday, continuing its bottoming attempt.  SB's green weekly candle last week if followed by another green weekly candle will be highly suggestive of a reversal.  A Triple Bottom could be in the early stages of forming on the weekly chart, but longer term bulls will want to see a rally back to .15 before becoming excited.  Weekly, daily and 4hr RSI, Stochastics and MACD are bottomish or consolidating recent gains.  I am looking to enter long today in the green zone (of the daily chart), 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).

 

Raw Sugar (ICE SB Mar18) Weekly/Daily/4hr

 

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

 

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.


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