KXRCapital

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DAILY - Continued contraction with Double NR7 day. Currently holing both the 20D Mid-Range (2427) and 20DMA (2430.25). Trend is up clearly above 50/100/200 DMA's. Longterm RSI has crossed below its moving average but still flat in positive territory. From a trading perspective this Inside day of an NR7 day to make a 2xNR7 should leave you with simple breakout...

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DAILY - Double NR7 is making T-Bonds look like there is a shorterm top in place. Trend is still up. Price > 20 (155'01),50,100,200 DMA, with all but the 200 in a positive slope. Strong moving average convergence in the 154'24-155'02 area. Looking to buy a pullback. Long end has been strong with the flattening of the yield curve, this is the current macro trend,...

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Based on Weekly closing prices the AUDUSD has confirmed its breakout with this weekly close. Looking for a retrace back to the .7780 area for a measured move up to .8280. The channel was fairly tight in a 7% flux over a period of 324 trading periods.

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With the dismal ISM report - the tides may of shifted for the $. I am still expecting some consolidation, but any upside should be viewed as a potential to sell. We have spent 21 months in the same range and are washing around in the Brexit Range as well. Going nowhere fast.

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After have the count produce the low to the day and with in 20 points, the Composite has moved back into the mid point of its long range. The pitchfork still has it bullish though it the lower channel. I expect it to hug the lower line with a slight upward bias for the next 4-7 trading days. Then I believe it will go lower.

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A friend asked me to create a setup that he could have on his phone and he could get alerts on potential trades. So this is what I came up with a slight modification of a system I have on my desktop. 5/21 Cross with a couple Friends! Setup: 1) 30min Chart Only 2) 5EMA and 21 EMA 2a) I added a ribbon to make it easier to see on a phone. 7,9,11,13,15,17,19...

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There is support back at the median line on the Standard Pitchfork and we have a leading edge at $47.50. So far each time it has traded in the upper channel zone it has retreated back to the median line. I expect the same this time. we are in a bit of a congestion area from past trade. Nothing more then my gut tells me we are at a top that could take us back to...

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My Dollar Combo Index has been shaping up nicely on the count of the two cycles and I am seeing other items of similar process. I believe that we either had the bottom on 8/16 with the low at 11691 or a new low will only be a minor test and slightly lower. Based on the Count the suggestion to buy the open on August 18 would still hold. Stops can be low risk at...

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On the Standard Pitchfork the Median has been holding any dips since the 15th. cluster zone above between 47.75 and 48.25. Getting close to Top with potential for a move down to lower channel or a more healthy move back to Trendline. ADX is Mature and Murrey Math is poking at extreme. Numbers to watch: 47.00 - Even Number, the pundits have called...

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Just a look at how our count is coming. We did have an outside day with a new low on this count and a down close but it left us with a large wick as prices stayed in the trendline and hugged the lower fork line. Could just be a cycle churn but either way August 18 still looks good as the Stochastic is on slow decent to oversold.

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Oh CANADA I so much want to be a buyer - But it just never lasts. As of today's close we could not be closer to the save point. 100DMA, Recent ST Trendline, Leading edge of the Up Trend Cloud all here to save the day. It is tough to sell, my trading view at this stage is to play any swing momentum buys, with Oil always in the mirror a 150 pip drop to 1.28 cannot...

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The high of the Week was Monday the low of the Week was Friday but all of that was still inside the range of August 2nd. I would look to breaking the August 2nd high of 102.83 or its low of 100.67 on a closing basis your true trend decider in the Short Term. Otherwise daytrading with these number in mind should be the call for the next couple trading days. From...

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GBPUSD has resumed the previous weeks end to the consolidation and heads down. The battle should be down at the 1.2800 area. One thing that might act as a surprise is that EVERYONE is SHORT so the squeeze could come and be a solid move. I think that we will possible venture to a new low and then a surprise of maybe 3 days up which then will bring back in the...

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EURUSD - Continues to consolidate with triangle after triangle bring us closer to some decision. I lean towards the sell side from the 1.1220/60 area. On the down side the 200DMA around 1.1080 should be point 1, with 1./10 even below. The 100DMA on the topside at 1.1225 fits into the cloud and downtrend line very nicely. On external cycle work, have a SELL...

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USDOLLAR and DXY combo chart. Just follow up to previous post. If the we get a close above the Day 2 Bar, I would say we move from downward cycle to sideways. See what tomorrow brings

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USDCAD - has been beaten by the strong move in WTI Oil. Even though there has been general dollar strength the CAD strength is winning the tug of war. There is some measured support down near 1.2940 for the brave soul to buy lightly. Otherwise we are in a "sell the rally mode" with the 1hr trend pointing down. Any move into to the cloud should be viewed as a sale.

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Based on Prior move from Overbought in final downtrend, I am looking at the count of the move after the trigger day and applying that same thought process to the current setup. In external prior cycle work I have the following turn dates: EURUSD - Sell August 18 GBPUSD - Buy August 16 USDJPY - Buy August 15 USDCAD - Buy August 23 Based on this I would look to...

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Hourly is working its way thru the cloud and pulling along the 10EMA for verification. Hovering above ins the 200SMA and the 76% Retrace around 1.1135. Failure right in this range brings us back to 1.1085 fairly quickly.