Andy_Garcia_CMT_CFTe

Andy_Garcia_CMT_CFTe

THE BIG PICTURE: Consider the long term down trend line in the swissy long term log chart. A break above the old resistance set up for a change in bias. Now that price is above the trend line the question is whether this pair can continue to show strength. That factor is accompanied by yet another symmetrical scenario. First take a look at segment A to B and...

Andy_Garcia_CMT_CFTe

THE BIG PICTURE: Fib extensions from the previous swings have been projected from the most recent long term high. Segment A to B was measured and projected from point E. Segment C to D was measured and projected from point E. An important observation is that price is trading around a level which would mark the halfway point toward a full move symmetry. That...

Andy_Garcia_CMT_CFTe

THE BIG PICTURE: A look at the Cable monthly chart shows an interesting symmetrical development. This chart does not show obvious cyclical movement like the aussie, but there is a move culminating at point D which almost identically resembles the move from point A to B. In this respect the fib extension tool can be used to measure point A to B and project the...

Andy_Garcia_CMT_CFTe

THE BIG PICTURE: This chart has to be switched to the Log basis on the Monthly timeframe. The previous moves are measured and extended from the most recent peak to determine a measured move projection based on the two previous down swings. So the fib extension tool was used to measure segment AB and extended form E at the same time the move from C to D was...

Andy_Garcia_CMT_CFTe

THE BIG PICTURE: After a strong move up off of a long term base, there is a long term fib line that is coming into play. The chart is switched to a log based axis. Fib lines are stronger when they are coupled with trend lines. Without over complicating the chart, it is apparent that two conditions here are helping give a bearish outlook to the Dollar. THE...

Andy_Garcia_CMT_CFTe

THE BIG PICTURE: Consider the historic DXY technical perspective. Without anything else considered, the Log chart shows price trading around the long term trend line. Conventional looking charts has the typical trader oblivious to this trend line. It should be closely watched to see if the dollar index rolls over. A glance at other markets will help determine...