TradablePatterns

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About me Before the launch of Tradable Patterns, Darren Chu served as IntercontinentalExchange | NYSE Liffe's country manager for Australia, India, and the UAE between July 2010 and January 2014, expanding his role to look after Liffe business development in APAC
Joined Singapore chu_darren
Markets Allocation
47 % commodities 37 % forex 11 % cryptocurrency 5 % other
Top Mentioned Symbols
EURUSD 10% | 4 GBPUSD 10% | 4 AUDUSD 7% | 3 KC1! 7% | 3
TradablePatterns TradablePatterns ETHUSD, D,
ETHUSD: Ethereum (ETH/USD) Bouncing Off 61.8% Fib Retrace of Rally
472 0 10
ETHUSD, D
Ethereum (ETH/USD) Bouncing Off 61.8% Fib Retrace of Rally

Ethereum (ETH/USD) is bouncing strongly off the 61.8% Fib retrace of the rally that began at the beginning of the year. Although still vulnerable in the next several weeks to more downside (as the weekly MACD has just negatively crossed this past week), the 61.8% Fib presents a strong zone of support, and mitigates some of the bearish sentiment arising from the ...

TradablePatterns TradablePatterns BTCUSD, D,
BTCUSD: Bitcoin (BTC/USD) Bouncing Off Daily Chart Downchannel Support
198 0 10
BTCUSD, D
Bitcoin (BTC/USD) Bouncing Off Daily Chart Downchannel Support

Bitcoin (BTC/USD) is bouncing strongly off the 50% Fib retrace of the steep rally that began in late March, roughly coinciding with the daily chart's downchannel support. Although still vulnerable in the next several weeks to more downside (as the weekly MACD has just negatively crossed this past week), the current bounce can be expected to last several days. ...

TradablePatterns TradablePatterns CC1!, W, Long ,
CC1!: Cocoa (CC) Forming Weekly Chart Inverse Head & Shoulders
16 0 8
CC1!, W Long
Cocoa (CC) Forming Weekly Chart Inverse Head & Shoulders

Analysis Below References Chart Screenshot in Tradable Patterns' Today's Top Trade Cocoa (CC) surged over 2% Friday, closing at a month long downtrend resistance (on the 4hr chart). Significantly, CC may very well have formed a higher low, where the July low is higher than the April and May lows. Arguably, CC remains within the late stages of an Inverse Head & ...

TradablePatterns TradablePatterns KC1!, W, Long ,
KC1!: Arabica Coffee Breaks Weekly Chart Descending Wedge Resistance
26 1 4
KC1!, W Long
Arabica Coffee Breaks Weekly Chart Descending Wedge Resistance

Arabica Coffee (KC) surged almost 3% higher yesterday, ending a week of consolidation and resuming a rally that began roughly 3 weeks ago. Significantly, KC broke descending wedge resistance (on the weekly chart in the link below) yesterday, along with the psychologically key 1.3 round figure level. KC's climb yesterday arguably completes a shallow shoulder in ...

TradablePatterns TradablePatterns ETHUSD, D, Short ,
ETHUSD: Ethereum (ETH/USD) Weekly MACD Trying to Negatively Cross
431 0 7
ETHUSD, D Short
Ethereum (ETH/USD) Weekly MACD Trying to Negatively Cross

Ethereum (ETH/USD) is looking bearish as its weekly MACD is positioned to negatively cross in the next week or so. ETH/USD has been significantly weaker than BTC/USD on the recent bubble pop, having already given up more than 50% of the rally from the start of the year to the June peak. ETH/USD's next major support will come at the 61.8% Fib retrace of the same ...

TradablePatterns TradablePatterns BTCUSD, W, Short ,
BTCUSD: Bitcoin (BTC/USD) Weekly MACD Trying to Negatively Cross
394 11 12
BTCUSD, W Short
Bitcoin (BTC/USD) Weekly MACD Trying to Negatively Cross

Bitcoin (BTC/USD) is looking bearish as its weekly MACD is positioned to negatively cross in the next week or so. Significantly, the current weekly candle is breaking an uptrend support line (on this weekly chart), sliding beneath much of the price action over the past 3 weeks of consolidation that followed the first warning - the long red weekly candle in June. ...

TradablePatterns TradablePatterns GBPUSD, W, Long ,
GBPUSD: GBPUSD Nearing 2016 High Ahead of EU Referendum
23 0 1
GBPUSD, W Long
GBPUSD Nearing 2016 High Ahead of EU Referendum

The GBPUSD appears to be pricing in a Remain vote, given the current weekly candle's strong break above the downtrend resistance line that began last August. Weekly RSI, Stochastics and MACD are all rallying. Significantly, the GBPUSD held the psychologically key 1.4 support during last Thursday's heavy selling. I'll be looking to go long tomorrow (Friday) ...

TradablePatterns TradablePatterns EURUSD, D, Long ,
EURUSD: EURUSD Gravitates Towards 1.14 Ahead of EU Referendum
40 0 1
EURUSD, D Long
EURUSD Gravitates Towards 1.14 Ahead of EU Referendum

The EURUSD appears to be pricing in a Remain vote, although not as resoundingly as the GBPUSD. Daily RSI, Stochastics and MACD are all rallying. Significantly, the uptrend in this chart held last Thursday during the intraday dip, when the GBPUSD tested the psychologically key 1.4 support. I'll be looking to go long tomorrow (Friday) after 7am London on any ...

TradablePatterns TradablePatterns ZS1!, W,
ZS1!: Soybean (ZS) Testing Downchannel/Descending Wedge Resistance
93 0 1
ZS1!, W
Soybean (ZS) Testing Downchannel/Descending Wedge Resistance

After a two week rally, soybean (ZS) is now bumping into downchannel/descending wedge resistance on the weekly chart, which coincides roughly with the 1000 psychologically key resistance level. Weekly RSI and Stochastics are in rally mode, while the MACD which a few weeks back appeared ready for a negative crossover has strengthened again and is sloping up now. ...

TradablePatterns TradablePatterns GC1!, D, Long ,
GC1!: Gold (GC) Bounces off Triangle Support on Daily Chart
350 0 5
GC1!, D Long
Gold (GC) Bounces off Triangle Support on Daily Chart

Gold (GC) continues its rally (off of triangle support) in today's Asian session. With the daily MACD histogram becoming less negative and daily RSI and Stochastics bouncing off of oversold levels, odds are favouring gold returning to triangle resistance in the next few weeks. For my multiple timeframe analysis on GC, feel free to visit: ...

TradablePatterns TradablePatterns GBPUSD, W, Long ,
GBPUSD: GBPUSD Breaks Above Descending Wedge Resistance on Weekly Chart
111 0 0
GBPUSD, W Long
GBPUSD Breaks Above Descending Wedge Resistance on Weekly Chart

The GBPUSD has made some strong gains off the sub 1.5 level or so several weeks back, and has solidly broken above a descending wedge resistance line on the weekly chart. The weekly RSI, Stochastics and MACD are all fairly bullish, with a positive crossover occurring on the weekly MACD. As shorter timeframe charts reveal a bit of fatigue and consolidation ahead ...

TradablePatterns TradablePatterns EURUSD, W,
EURUSD: EURUSD Breaks Above Descending Wedge Resistance on Weekly Chart
241 0 2
EURUSD, W
EURUSD Breaks Above Descending Wedge Resistance on Weekly Chart

The EURUSD has made some strong gains off the 1.11 level or so several weeks back, and appears to have broken above a descending wedge resistance line on the weekly chart. Although the weekly RSI, Stochastics and MACD are all appearing fairly bullish, with a positive crossover seemingly not far off on the weekly MACD, shorter timeframe charts reveal a bit of ...

TradablePatterns TradablePatterns AUDUSD, D,
AUDUSD: AUDUSD Bounces off Downchannel Support on Daily Chart
47 0 1
AUDUSD, D
AUDUSD Bounces off Downchannel Support on Daily Chart

The AUDUSD has solidly bounced off of downchannel support on the daily chart, after having formed a Doji Thursday, and traded within an ever tighter range Friday. The Asian session today (Monday) opened with a gap higher, as daily RSI, Stochastics and MACD are now all rallying off of oversold levels. Those going long at current levels should keep in mind that ...

TradablePatterns TradablePatterns SI1!, D, Long ,
SI1!: Silver (SI) Testing Triangle Resistance on Daily Chart
46 0 1
SI1!, D Long
Silver (SI) Testing Triangle Resistance on Daily Chart

Silver (SI) rallied nicely Friday, positioning it right at triangle resistance. With daily MACD about to positively crossover, and the weekly chart looking increasingly bullish, odds are favouring silver breaking above triangle resistance in the next few days following the current consolidation (seen with the daily RSI and Stochastics). For my multiple timeframe ...

TradablePatterns TradablePatterns USDJPY, D, Short ,
USDJPY: USDJPY Fails on Triangle Resistance Breakout on Daily Chart
51 0 0
USDJPY, D Short
USDJPY Fails on Triangle Resistance Breakout on Daily Chart

The USDJPY broke above triangle resistance last Wednesday, only to reverse all of the day's gains Thursday, closing lower than the prior day's low. Friday, the USDJPY exhibited a very tight range, but gapped lower to start today (Monday) in the Asian session. With daily RSI, Stochastics and MACD all sloping down, odds are favouring the USDJPY breaking beneath ...

TradablePatterns TradablePatterns NG1!, W, Long ,
NG1!: Natural Gas (NG) Breaking Above Descending Wedge Resistance
40 0 0
NG1!, W Long
Natural Gas (NG) Breaking Above Descending Wedge Resistance

Natural Gas is breaking above a descending triangle resistance line on the weekly chart, and together with the bottoming RSI, Stochastics and MACD, appears to have a decent chance at targeting downchannel resistance around 3.5 in the next few months. The 2.5 level reached last week is not only a round psychologically important key figure but also acted as a pivot ...

TradablePatterns TradablePatterns CT1!, W, Long ,
CT1!: Cotton (CT) Exhibits Positive Divergence on Weekly RSI, MACD
29 0 0
CT1!, W Long
Cotton (CT) Exhibits Positive Divergence on Weekly RSI, MACD

Cotton has been making an admirable bottoming attempt in the last few weeks, having seen a surge in volume unmatched in the prior rally attempts over the last several months. Positive divergence between weekly RSI/MACD and price continues providing bulls reason to push cotton towards its current downchannel resistance. With weekly RSI, Stochastics and MACD all ...

TradablePatterns TradablePatterns VI2!, W, Long ,
VI2!: VIX (VX) Close to Completing Tradable Bottom on Daily Chart
94 0 0
VI2!, W Long
VIX (VX) Close to Completing Tradable Bottom on Daily Chart

The VX experienced a bit of profittaking Friday, but has rebounded somewhat in today's session so far. The uptrend support line connecting the lows from July, August and last week appears to be holding. The daily RSI and Stochastics are now turning up, and should be followed by a daily MACD positive crossover shortly. Weekly RSI and Stochastics are trying to ...

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