Winner of the Technical Analysis Book of the Year 2014, Mapping Your Voyage of Discovery, Shaun Downey is a veteran of the markets and a globally recognized name in the world of Technical Analysis. He began his career in 1979 at age 16 with Rudolf Wolff Commodity brokers. Initially he specialized in Softs and Grains, then moved into the the oil market and eventually became head of FX hedging and market making. A switch to Fulton Prebon eighties saw him move into Bond trading and Options, followed by a move to Australia as Global Head of trading handling interest rate, commodity and currency risk. He has run various private funds and and traded all asset classes including individual stocks.
Shaun has been writing a variety of technical analysis commentaries for the professional and retail market since 1991, including EBS, (the largest FX portal in the professional market) and mentors his customer base who use his unique methods, based on his first book Trading Time: New Methods in Technical Analysis published in 2006. He spent 20 years at CQG where he had the unique opportunity to learn, create and test all things technical and brings a wealth of experience having met thousands of traders in dealing rooms around the world.
You can reach Shaun at: shaun.downey[a]aol.com
Dollar Index reaches major upside target and is at a pivotal point (DXY forecast) Euro-Dollar futures has major support close (EURUSD forecast) Aussie breaks key support (AUDUSD forecast) Kiwi posts major negative (NZDUSD forecast) USD-Loonie breaks up (USDCAD forecast)
Dollar index and Euro trapped (DXY and EURUSD forecasts) Pound finds support (GBPUSD forecast) Euro-Pound at pivotal point (EURGBP forecast)
Dollar Index fails to break up – DXY forecast Euro holds support – EURUSD forecast Pound collapses and breaks below weekly support – GBPUSD forecast EuroPound accelerates higher – EURGBP forecast
Dollar Index posts positive, but fails to break up (DXY forecast) Euro posts major negative but has not yet broken down (EURUSD forecast) Aussie reaches major monthly upside target and reverses (AUDUSD forecast)
Pound Breaks up (GBPUSD) Dollar-Yen close to breaking down (USDJPY) Aussie and Kiwi get close to major monthly upside targets (AUDUSD and NZDUSD) Euro-Pound breaks down (EURGBP)
Negative signals on the Euro and Pound (EURUSD and GBPUSD forecasts) Aussie and Kiwi remain in sideways phase (AUDUSD and NZDUSD forecasts) Euro-Pound approaches major support (EURGBP forecast)
Euro and Pound move into sideways trends (EURUSD and GBPUSD forecasts) Dollar-Yen posts a negative (USDJPY forecast)
Dollar Index holds final support (DXY forecast) Euro uptrend ends (EURUSD forecast) Pound creates a major bull trap (GBPUSD forecast) Aussie signals negative pattern (AUDUSD forecast)
Dollar and Euro reverse sharply (DXY, EURUSD) Pound has bull trap above (GBPUSD) Aussie a bear trap below (AUDUSD) Euro-Pound breaks down (EURGBP)
Euro-Dollar breaks up EURUSD forecastDollar-Yen closes at final daily support. USDJPY forecastAussie holds breakout level. AUDUSD forecast
Euro breaks Up (EURUSD) US Dollar Index holds key support (DXY) Negative appears on Cable (GBPUSD), sending EURGBP higher
Dollar Index holds key support (DXY) Minor reversal on Euro (EURUSD) Pound continues to trend up (GBPUSD)
Positives appear on Aussie and Kiwi (AUDUSD and NZDUSD) Whilst Euro-Pound posts a major negative (EURGBP)
Euro-Dollar fails at first resistance – EURUSD forecast Pound threatens to break down once more – GBPUSD forecast Major support on Aussie evaporates – AUDUSD forecast
Dollar Index breaks up (DXY) Euro and Pound breakdown with support distant (EURUSD and GBPUSD)
Fresh positive on the US Dollar Index with major zone of support just below (DXY forecast) Euro holds above critical daily support (EURUSD forecast) Big negatives on Aussie Dollar (AUDUSD forecast)
Positive appears on Dollar Index, signalling the end of the downtrend – DXY Euro posts negative – EURUSD Aussie and Pound remain strong – AUDUSD and GBPUSD
US Dollar Index breaks key support (DXY forecast) Euro-Dollar breaks up (EURUSD forecast) Aussie-Dollar major resistance weakens (AUDUSD forecast)
US Dollar Index in a range (DXY Forecast) Euro reach an upside target and signals an end to the uptrend (EURUSD forecast) Elsewhere a minor positive in DollarCAD (USDCAD forecast)
Pound breaks down with support distant – GBPUSD Euro-Pound breaks up – EURGBP Elsewhere Forex markets stay fairly quiet
Positive on Dollar Index as price rotates in broad sideways range (DXY) Negative on the Euro (EURUSD) Canadian Dollar firms as USDCAD breaks down
US Dollar approaches major support (DXY) Big negative on Aussie (AUDUSD) Euro-Aussie reverses (EURAUD)
A quiet week saw a minor reversal and profit taking point for the US Dollar Index (DXY) EURUSD negative in a range Elsewhere currencies stuck in the middle of their ranges (GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD)
Dollar Index posts a positive (DXY) Euro showing more negative (EURUSD) Time to book some profits on the Aussie (AUDUSD)
Euro rallies beyond its optimum point (EURUSD) Pound lies at a decision making point (GBPUSD) Markets reverse or accelerate around holidays
Pound respects major resistance (GBPUSD) Euro breaks down (EURUSD) Positives appear in Dollar-Yen, as it de-correlates from equities (USDJPY)
Euro breaks up (EURUSD) Pound hits major resistance (GBPUSD) Dollar-Yen refuses to rise with equities (USDJPY)
Dollar breaks up and forms short term exhaustion pattern (DXY) Similar exhaustion shows on the Pound along with the Aussie (GBPUSD and AUDUSD) Euro-Pound signals a fresh exhaustion and powerful reversal pattern (EURGBP)
Major bull reversal in US Dollar reaches upside target (DXY) Powerful downside reversal in Euro (EURUSD) Pound breaks down and targets final support (GBPUSD) Reversal in Canadian Dollar signals trend possibly ending (USDCAD)
Dollar Index breaks weekly support (DXY) Dollar Yen targets major support (USDJPY) EuroPound hits high probability extreme (EURGBP)
Safe haven buying creates Yen and Euro strength (USDJPY, EURUSD) Euro/Pound holds support and reaches upside target (EURGBP) USDCAD breaks higher and hits upside target Aussie posts an exhaustion low (AUDUSD)
Dollar-Yen breaks up (USDJPY) Aussie breaks down (AUDUSD) Euro-Pound holds key support (EURGBP)
Euro breaks down (EURUSD) Kiwi holds final support to the tick (NZDUSD) EuroPound approaches key downside point (EURGBP)
EURUSD bearish and aims at key support Aussie breaks down (AUDUSD) Cable bear signal (GBPUSD)
Positive signal on Euro (EURUSD) Downside risk for USDJPY Aussie hits final major support zone (AUDUSD)
Dollar Index attempts to break up (DXY) Euro aims lower, targets 1.0970 (EURUSD) Dollar Yen extends losses (USDJPY)
A quiet week sees Dollar Yen (USDJPY) extends gains Minor negatives on the Aussie (AUDUSD) and Kiwi (NZDUSD) represent partial profit taking points
US Dollar rotates up (DXY) Euro down (EURUSD) Pound hovers above final short term support (GBPUSD) Major signals in the Japanese Yen (USDJPY bullish) and Canadian Dollar (USDCAD bullish).
US Dollar Index (DXY), Euro Dollar (EURUSD), Aussie (AUDUSD) and Pound (GBPUSD) all signal reversals Uptrend ends in the Kiwi (NZDUSD)
Elsewhere largely featureless Forex activity A minor positive on the US Dollar Minor EURUSD negative GBPUSD major sell signal GBP cross rates all show Pound negative (EURGBP, GBPJPY, GBPAUD, GBPNZD, GBPCAD)
The UK election is over, the Pound is in breakout mode against a variety of currencies (GBPUSD, EURGBP, GBPCHF, GBPAUD, GBPNZD, GBPCAD). US Dollar in bigger range highlighted by the US Dollar Index (DXY)
Strong US Employment report (NFP data) creates a US Dollar reversal in a broad sideways pattern (EURUSD lower, US Dollar Index, DXY higher) Kiwi breaks up and targets .6675 (NZDUSD)
Very quiet conditions see minor negatives on the Dollar Index (DXY) Positives on the Euro (EURUSD) Markets tend to reverse or accelerate around holidays, so some action and bigger ranges should begin this week
Minor negatives on Euro and Kiwi (EURUSD and NZDUSD) Dollar Yen (USDJPY) dictated by S&P 500, which is in breakout mode
Timing reversal on US Dollar Index creates a negative in a sideways trend. EURUSD posts opposite, positive signal to the US Dollar Index Aussie (AUDUSD) continues to underperform
US Dollar Index Reverses back up in broad sideways trend Negatives on Euro (EURUSD) Aussie targets recent supports (AUDUSD)
US Dollar continues to slide in spite of a strong US Employment report The US Dollar Index downside target remains distant Upside targets for the major currencies (EUR, GBP, JPY, AUD, NZD) are also some distance off
Euro breaks up and leaves a distant target (EURUSD) Aussie breaks higher (AUDUSD) Yen produces minor negative (USDJPY)
US Dollar Index confirms negatives (DXY) Euro Positive (EURUSD) Aussie holds support (AUDUSD) Pound breaks up against the Dollar and on the crosses (GBPUSD)
Dollar index stalls in weekly zone (DXY) Euro holds key support (EURUSD) Support strengthens in the Aussie (AUDUSD) Yen a hostage to the S&P 500 (USDJPY)