US Dollar losses – support focus now
US Dollar Index retreats to major support (DXY forecast) US Dollar Yen breaks down (USDJPY forecast)
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.
A Grandfathered member of the Society of Technical Analysts, Shaun's unique methods and studies are available on the CQG and eSignal platforms, whilst his individual Stock trading system and equity focused studies are being coded to be placed on the new Stockcharts.com platform in 2020.
Shaun looks after and mentors those who subscribe to his methods via a Slack portal that covers all asset classes worldwide, including Option Strategy analysis, for both the professional and retail market and provides consultancy education on All Things Technical.
Shaun is also a partner in Blue Ocean Trading Services www.bot-services.com which specializes in the Worldwide Agricultural/Shipping sector, providing Market Data platforms and solutions, weather analysis and hedging education through technical and option strategies.
Shaun is part of the London School of Wealth Management team where he contributes to the Technical Analysis and Option sections, and is also part of the www.onlinefinanceacademy.com group as their Technical Analysis and Option expert providing remote education.
Shaun's website, www.trading-time.com(currently being rebuilt) provides further insight to his methods via video and is where his books are available.
You can reach Shaun at: shaun.downey[a]aol.com
US Dollar Index retreats to major support (DXY forecast) US Dollar Yen breaks down (USDJPY forecast)
US Dollar Index breaks up (DXY forecast) Euro and Pound breakdown (EURUSD and GBPUSD forecasts) US Dollar-Yen reverses lower (USDJPY forecast)
Global currency markets were in consolidation, ahead of:
Positive US Dollar Index (DXY forecast) US Dollar-Yen attacks major support (USDJPY forecast)
US Dollar Index downtrend ends, for now Aussie, Kiwi and CAD underperform
Negative US Dollar-Yen (USDJPY forecast) Euro holds support (EURUSD forecast)