Andy_Garcia_CMT_CFTe

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Markets Allocation
85 % forex 6 % commodities 6 % indices 2 % other
Top Mentioned Symbols
FX_IDC:EURUSD 8% | 4 USDJPY 8% | 4 NZDUSD 6% | 3 FX:EURUSD 6% | 3
Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, D, Long ,
USDJPY: USDJPY at cycle low
868 4 27
USDJPY, D Long
USDJPY at cycle low

Taking a look at the USDJPY daily chart you can see that the cycle suggests that the yen is at a buying point. Notice that when you pull up your cycle tool that you can measure the previous cycle and that it is about time to start looking for long setups with a target of the previous highs.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDUSD, M, Short ,
NZDUSD: KIWI Finding Resistance at an Important Fib Level
189 0 4
NZDUSD, M Short
KIWI Finding Resistance at an Important Fib Level

Watching the Kiwi to see if the 50% fib level can hold. If this level can provide a decent amount of resistance then I'm looking for price to move back down toward the long term moving averages

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDUSD, D, Short ,
NZDUSD: NZDUSD SHORT OFF OF THE DAILY 200SMA
52 0 9
NZDUSD, D Short
NZDUSD SHORT OFF OF THE DAILY 200SMA

I'm noticing the 200sma on the daily chart providing a level of resistance for the NZDUSD. Watch for short setups as long as price can hold beneath the moving average.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDCHF, W, Long ,
USDCHF: USDCHF BOUNCE OFF OF SYMMETRY
77 0 10
USDCHF, W Long
USDCHF BOUNCE OFF OF SYMMETRY

Watching the swiss franc for a bounce off a symmetrical low that was put in last week. My trigger is an entry after the break of the previous week's high and a stop beneath the low. The expectation is to run up to another fib level in a 61.8% level from a recent down move.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPNZD, D, Long ,
GBPNZD: GBPNZD TREND LINE TEST
56 0 10
GBPNZD, D Long
GBPNZD TREND LINE TEST

Now that the down move has reached the up trend line it appears as if it is time to look for a run back to the upside. The trend line on the daily chart shows support at the moment and if it holds will provide a good reward to risk ratio.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURGBP, D, Short ,
EURGBP: EURGBP FINDING RESISTANCE
128 0 7
EURGBP, D Short
EURGBP FINDING RESISTANCE

EURGBP found enough energy to break out of the triangle but it appears as if a 78.6% level may be putting a slight hold on the upward move. The anticipation is that the fib level will hold and that the move out of the triangle is a fakeout. Look for more downside order flow if price moves back into the triangle.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURAUD, D, Short ,
EURAUD: EURAUD AT TOP OF TREND CHANNEL
138 0 13
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
233 0 16
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 10
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
285 3 16
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
285 0 18
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
609 0 29
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
222 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
430 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
268 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
380 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
165 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
320 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.

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