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Circular Trendlines

  • #2,701
  • Apr 23, 2014 4:44pm Apr 23, 2014 4:44pm
Quoting ruffryders
{quote} Kambooj, maybe you can also post your review on GBP USD. I don't see much resistance until 7150-7250 on HTF charts. Will hold for 7200 longer-term.
GBP/USD Outlook

I see resistance around 7250-7300 till end of this year
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_Weekly.jpg Size: 136 KB
Click to Enlarge Name: GBPUSD_H8.jpg Size: 150 KB
  • #2,702
  • Apr 23, 2014 5:03pm Apr 23, 2014 5:03pm
Quoting Kambooj
EUR/USD Outlook Here is the current outlook with most probable behaviour being a rangebound motion within a rectangular region, before a breakout happens. {image}
Hello bro
There is other view not mine but possible
e/u drop to 1.31xx before 1.4xx
what do u think about it ?

for me this is my view
http://www.forexfactory.com/showthre...71#post7416171
  • #2,703
  • Apr 24, 2014 9:30am Apr 24, 2014 9:30am
Quoting egkid
{quote} Hello bro There is other view not mine but possible e/u drop to 1.31xx before 1.4xx what do u think about it ? for me this is my view http://www.forexfactory.com/showthre...71#post7416171
I dont think yet we are set for a down fall. I believe right now we are going up for at least a couple of more months, probably to end of june before we see any serious come backs going south. Here is my reason for the bullish movement:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 159 KB
  • #2,704
  • May 1, 2014 1:11pm May 1, 2014 1:11pm
EUR/USD Outlook

EUR Longs are Safe till End of July. Continue to Buy at 3770/80 to 3900, prepare to exit at 4050-4100 for now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 193 KB
  • #2,705
  • May 2, 2014 8:51am May 2, 2014 8:51am
Quoting Kambooj
EUR/USD Outlook EUR Longs are Safe till End of July. Continue to Buy at 3770/80 to 3900, prepare to exit at 4050-4100 for now {image}
Kambooj, nice charts and nice timing attached to it as well, congrats. I have also same timing (end of JULY) to reverse back short on GBP USD.
Meanwhile, holding 200 st lots long for 7000-7300 area.

Your review/analysis is impressive!
  • #2,706
  • May 2, 2014 10:21am May 2, 2014 10:21am
Quoting ruffryders
{quote} Kambooj, nice charts and nice timing attached to it as well, congrats. I have also same timing (end of JULY) to reverse back short on GBP USD. Meanwhile, holding 200 st lots long for 7000-7300 area. Your review/analysis is impressive!
Best of luck to you my friend.
  • #2,707
  • May 6, 2014 8:37am May 6, 2014 8:37am
EUR/USD Outlook

The thrust from the midst of 3850 has started, 4020 should be rather reached very quickly with 4150-4180 being the interim turning point for now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 154 KB
  • #2,708
  • May 6, 2014 8:41am May 6, 2014 8:41am
Hi Kamboj I reaaly like your analyses. Are you possible to look on pair AUDUSD what is possible except there with your analyses?
  • #2,709
  • May 6, 2014 9:38am May 6, 2014 9:38am
Quoting matkooo2575
Hi Kamboj I reaaly like your analyses. Are you possible to look on pair AUDUSD what is possible except there with your analyses?
will do it sometime this week for you. I am busy today, but I think I could do it before Friday
  • #2,710
  • May 8, 2014 8:38am May 8, 2014 8:38am
EUR/USD Outlook

A uptrend still remains in place, with a 110 pip rebound that occured this morning. The rebound is a normal reaction of a triangular break upwards. A rather strong but surprising move upward will start to begin from the 3865-3900 region.

This is a good buy opportunity
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 127 KB
Click to Enlarge Name: EURUSD_Daily.jpg Size: 172 KB
  • #2,711
  • May 8, 2014 10:49am May 8, 2014 10:49am
Quoting Kambooj
EUR/USD Outlook A uptrend still remains in place, with a 110 pip rebound that occured this morning. The rebound is a normal reaction of a triangular break upwards. A rather strong but surprising move upward will start to begin from the 3865-3900 region. This is a good buy opportunity {image} {image}
if daily and weekly close above 3836 it's possible
will check where today close later
cya
  • #2,712
  • May 10, 2014 12:06pm May 10, 2014 12:06pm
Quoting Kambooj
EUR/USD Outlook The thrust from the midst of 3850 has started, 4020 should be rather reached very quickly with 4150-4180 being the interim turning point for now {image}
Daily TF:

Weekly close at 1.3754 is below your uptrend line. What do you think that trend is changed? and now direction is downward; if yes what could be next target and retrace point?

For me, strong support is at 1.3703. What do you think this would be turning point for buyers or retrace point during downward move?
Love for all; Hatred for none.
  • #2,713
  • May 12, 2014 8:43am May 12, 2014 8:43am
Quoting aahmad29
{quote} Daily TF: Weekly close at 1.3754 is below your uptrend line. What do you think that trend is changed? and now direction is downward; if yes what could be next target and retrace point? For me, strong support is at 1.3703. What do you think this would be turning point for buyers or retrace point during downward move?
Yes, its way below the trendline, and thats why I hesitated from posting yet.
At the moment I still believe the major trend going upward has not changed, just a bigger than expected retracement.

3700-3715 on the daily chart points to strong support, we will have to see the nature of the consolidation within the next 2 days (if any) and decide from there.

Running triangle or terminal trinagles, whichever way you can think of it, are deceiving structures by nature.

What we are seeing is the same thing that happened on the Weekly chart of the EUR from December 3rd 2006 at 3341 to July 22 2007 at 3852. After the drop from July 22, everybody thought that the EUR is at a major turnaround, only to switch back and surprise everybody.

Prime reason for insisting that the upward movement is persisting is :
1. Lack of a spike in the upward direction
2. Fib levels not reached.
All major waves on the weekly chart before May 1 2011 have had very substantial retracements. The Wave from July 29 2012 has not retraced enough
to be marked by a spike before a turn around. I agree that the turnaround will be severe, but May is also a month that surprise moves happen, but trend
changes are delayed usually towards somewhere between end of july to early september.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 130 KB
  • #2,714
  • May 12, 2014 8:52am May 12, 2014 8:52am
Quoting Kambooj
{quote} Yes, its way below the trendline, and thats why I hesitated from posting yet. At the moment I still believe the major trend going upward has not changed, just a bigger than expected retracement. 3700-3715 on the daily chart points to strong support, we will have to see the nature of the consolidation within the next 2 days (if any) and decide from there. Running triangle or terminal trinagles, whichever way you can think of it, are deceiving structures by nature. What we are seeing is the same thing that happened on the Weekly chart of the...
Thanks for reply. It would help in my trading. Hopefully you are enjoying weather. It was very beautiful yesterday.
Love for all; Hatred for none.
  • #2,715
  • May 28, 2014 7:08am May 28, 2014 7:08am
Neat, huh?

Inserted Video
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,716
  • Jun 12, 2014 8:42am Jun 12, 2014 8:42am
EUR/USD Outlook

Sorry folks for the lack of update during the past 5 weeks.

I was waiting for the heat of the drop from May 6 to diminish and reach a level where it is easier and more safe to make a statement in regards to the trend of this pair.

The trend is at a critical stage of shifting back into a bullish scenario that will at a minimu go to 4100, at 4100 it will encounter some resistance, but the goal before the end of the year will be around 4300.

Current recommendation is to buy anywhere in between 3480-3540 with a target of 3750 to be reached within the next 7-10 days.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 170 KB
  • #2,717
  • Jun 19, 2014 12:59pm Jun 19, 2014 12:59pm
Quoting Kambooj
EUR/USD Outlook Sorry folks for the lack of update during the past 5 weeks. I was waiting for the heat of the drop from May 6 to diminish and reach a level where it is easier and more safe to make a statement in regards to the trend of this pair. The trend is at a critical stage of shifting back into a bullish scenario that will at a minimu go to 4100, at 4100 it will encounter some resistance, but the goal before the end of the year will be around 4300. Current recommendation is to buy anywhere in between 3480-3540 with a target of 3750 to be reached...
+220 pips! thank you kambooj!!!
  • #2,718
  • Jul 7, 2014 3:27pm Jul 7, 2014 3:27pm
EUR/USD Outlook

This pair has not been doing much lately compared to last year, same months. The rangebound motion will continue onwards till the end of the month with more time being spent between 3500 and 3700. At least that would be the case until the world cup is over

The low of 3502 could be possibly breached after end of july, and probably more towards the end of august. Overall trend still remains to be a buy on the weekly time frame, but no major moves towards 4000/4300 region is expected before the low of 3350/3400 is not reached.

The bounce from 3502 low is not showing enough momentum to climb higher and for the interim just seems to be a different resting spot alongst a path of going down.

There is at least a double low or possibly a triple low that is expected to happen along the red trendling close to the center of the shown blue circle.
Because of the nature of the bounce downwards from 3700 on July 1st, there does not seem to be any hopes for going beyond that level for at least the next 40 days. Instead we will glide down to 3400 and then rise to break the red dotted trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 194 KB
  • #2,719
  • Jul 7, 2014 3:29pm Jul 7, 2014 3:29pm
Quoting tryding90
{quote} +220 pips! thank you kambooj!!!
You are welcomed, time to lower the risk for going long now, or probably stay out till next week before going short.

Best to close all long positions and give it 3-4 days of rest.
  • #2,720
  • Jul 10, 2014 8:25am Jul 10, 2014 8:25am
EUR/USD Outlook

Here is the view, with recommendation to stop going long or short and wait till the end of the week to see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 210 KB
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