Andy_Garcia_CMT_CFTe

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About me
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http://bit.ly/2oLyDdA Free Facebook Group where I provide research, analysis and a Weekly Video with Forex Market Commentary
Markets Allocation
83 % forex 7 % commodities 7 % indices 2 % other
Top Mentioned Symbols
FX_IDC:EURUSD 9% | 4 FX:EURUSD 7% | 3 USDJPY 7% | 3 GBPUSD 4% | 2
Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURAUD, D, Short ,
EURAUD: EURAUD AT TOP OF TREND CHANNEL
134 0 11
EURAUD, D Short
EURAUD AT TOP OF TREND CHANNEL

Looking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, W, Long ,
USDJPY: USDJPY Weekly 200 SMA Setup
228 0 14
USDJPY, W Long
USDJPY Weekly 200 SMA Setup

Here is the Weekly chart of the USDJPY with a nice test of the 200 SMA. Keep an eye on it for more upside as long as price can stay above the moving average

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDJPY, D, Long ,
NZDJPY: NZDJPY Daily 200 SMA Test
48 0 9
NZDJPY, D Long
NZDJPY Daily 200 SMA Test

Here is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, M, Long ,
EURUSD: EURUSD Is Not Going To Parity
263 3 15
EURUSD, M Long
EURUSD Is Not Going To Parity

Taking a look at the long term cycles you can see that the market took about fifteen years to create the wave from 1985 to 2000. Here we sit at the bottom of the subsequent cycle after that and you have everyone and their mother thinking that the euro 0.09% will go to parity. This has led me to thinking that the sheeple out there are drinking too much of the ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, D, Long ,
EURUSD: EURUSD Head and Shoulders Formation
204 0 16
EURUSD, D Long
EURUSD Head and Shoulders Formation

THE BIG PICTURE: This is the daily chart of EURUSD with the reverse head and shoulders pattern. At the moment of this publishing it is still premature to consider the formation complete. The anticipation is to have the market close above the neckline. If this occurs then it sets up for a higher likelihood that the Euro will start to trade toward the 1.1250 ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, 240, Long ,
EURUSD: EURUSD Fib Channel Violation
603 0 28
EURUSD, 240 Long
EURUSD Fib Channel Violation

After a retracement to a significant fib level the Euro rejected the 61.8% area and subsequently violated the down channel. This sets up for an ideal entry on the higher timeframes if the fib level holds. The plan for me is to wait for a flag to form now that the down channel has been broken. The bullish flag will be the actual trigger I use to enter the trade. ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURGBP, W, Short ,
EURGBP: EURGBP drive toward weekly 200 sma
213 0 19
EURGBP, W Short
EURGBP drive toward weekly 200 sma

THE BIG PICTURE: A look at the weekly chart shows a recent high established just beyond the 50% fib level. Notice reversal bar right at the fib level which shows how strong the sellers were are that point. The latest bars are just a continuation of that flush of selling which transpired at the recent swing high. This opens the door for a move down not only to ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPJPY, W, Long ,
GBPJPY: GBPJPY long term levels
426 0 21
GBPJPY, W Long
GBPJPY long term levels

THE BIG PICTURE: This pair has been trading between an important long term down trend line and also a major 50% fib level. For the time being the bears and bulls are battling it out and creating a triangle formation in the process. There is a chance that this pair could retrace back toward the 61% level before climbing higher. The anticipation is that the fib ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, W, Long ,
USDJPY: USDJPY Bullish outlook
261 0 15
USDJPY, W Long
USDJPY Bullish outlook

On the weekly chart, notice the 200sma which can act like a magnet. Short term the anticipation is that the yen trades down to the major support levels and finds the buyers. My anticipation is that the 38% fib level may be overshot by just enough to reach the weekly moving average. At that point I would not be surprised if the yen makes a quick move down to the ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO XAUUSD, W, Short ,
XAUUSD: Gold trading around resistance confluence
375 0 19
XAUUSD, W Short
Gold trading around resistance confluence

Keep an eye on the weekly chart in gold as you can see it is approaching a resistance confluence. The weekly 200sma is sitting in between the major fib levels. Anticipate a bearish reversal formation on the lower time frames which sets up for downside targets.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, W, Long ,
USDJPY: USDJPY test of weekly levels
164 0 12
USDJPY, W Long
USDJPY test of weekly levels

This chart shows the weekly timeframe with a 200sma plotted and you can also notice the major swing which has fib levels as well. Notice that the simple moving average is resting between the 38.2% and 50% fib levels. This may act as a magnet which suggests that the yen will surpass the 38% fib level but not fully reach the 50% fib level. At the time when the ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDUSD, W, Short ,
NZDUSD: KIWI long term short opportunity
319 0 15
NZDUSD, W Short
KIWI long term short opportunity

Taking a look at the weekly, notice the 200sma is floating right around the 50% fib level. An interesting level to pay attention to as it has the potential to provide a nice risk to reward ratio.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, 120, Short ,
EURUSD: EURUSD channel violation
960 5 45
EURUSD, 120 Short
EURUSD channel violation

You can see a minor channel violation which pushed price into the 38% fib level. A retracement back to the back side of the channel was rejected to provide confirmation. The anticipation is a bounce at the 38.2% fib level before making its way back toward the 50% level. It's better to wait for an attempt to rally back up to the recent high before actually ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPUSD, 120, Short ,
GBPUSD: Cable downside projection
768 0 18
GBPUSD, 120 Short
Cable downside projection

The idea here is that Cable appears to be holding the 50% fib level recently established. This sets up for a move to extend down toward the 1.22 zone. The trade is still valid as long as there is no violation of the 1.27 level. This provides a wide enough stop so that the projected level can be reached. The probability of the target being reached increases ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, 3M, Long ,
EURUSD: EURUSD - At Long Term Symmetrical Low
418 3 22
EURUSD, 3M Long
EURUSD - At Long Term Symmetrical Low

THE BIG PICTURE: The recent low established at the beginning of January 2017 provides an important indication that the down move is finding exhaustion. After a considerable amount of time the euro has reached a point of important interest. A long term low appears to be forming with a bear trap on the quarterly chart. Notice that the segment from A to B can be ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPUSD, M, Short ,
GBPUSD: GBPUSD Long Term Update
269 0 18
GBPUSD, M Short
GBPUSD Long Term Update

Long Term levels were broken convincingly enough to raise probability on some down side projections. There are two separate scenarios which provide an insight into how much lower this market could go. The ABCD and the Head and Shoulders patterns are used as a reference for determining the downside potential. Regardless of whether or not the downside targets are ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, M, Long ,
EURUSD: EURUSD Long Term Update
348 0 13
EURUSD, M Long
EURUSD Long Term Update

If it is true that history repeats itself then keep an eye on the monthly chart in the euro. This chart shows the euro establishing a long term low. If the previous uptrend from the low at B to the high at C were to be replicated then the target can be projected at point E. Since this is a forecast with a horizon some point next decade, the focus can be ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURCAD, M, Long ,
EURCAD: EURCAD Long Term Outlook & Levels
121 0 9
EURCAD, M Long
EURCAD Long Term Outlook & Levels

THE BIG PICTURE: A key development is the Bear Trap that occurred at point C where the market failed to break below point A. This suggests that 1.25 is a major level. Strong support presents itself after taking a look at a couple fib extension levels. The first is to measure the low in 2000 to the high in 2008 and project that measurement from the 2012 low. ...

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