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]btinternet.com
US Dollar Index holds support and rebounds EURUSD seeds multiple negative signals, downside risks GBPUSD sends buy signal GBPCAD sets up more bullish AUDUSD negative and USDCAD buy signal USDTRY and USDBRL surge
US Dollar Index bear risks; falters from resistance, poised at key support zone EURUSD positive bias GBPUSD support rebound, upside risks EURGBP capped by prior support as resistance, bear threat GBPAUD, GBPNZD, GBPCAD and GBPJPY upside risks
US Dollar Index breakout higher through resistance and holds support EURUSD surrenders key support GBPUSD negative ahead of key Brexit votes AUDUSD stays bearish USDCAD bullish, holding support
AUDCAD and EURUSD hit targets AUDUSD stays negative NZDUSD sell signal USDJPY breaks higher
AUDUSD gets negative signal NZDUSD also slightly negative USDCAD stays negative AUDCAD bear signal
US Dollar Index and EURUSD both reach major long standing USD resistance targets. BUT then signal potential reversals Reversal signals possible end of the USDJPY rally AUDUSD bear theme neutralised NZDUSD bullish threat
Negatives on Aussie and Kiwi USDJPY also in focus. Loonie (USDCAD) approaches major upside target
Focus on Market Profile on equities US Dollar Index negative EURUSD slightly positive GBPUSD modest up trend USDJPY buy signal AUDUSD and NZDUSD positive USDCAD prior bear signal reinforced
A significant impulsive breakdown in the US Dollar on Friday sends notable signals across FX pairs. Signals appear on the Dollar, Euro and Loonie. Pound breaks upwards. Focus on the US Dollar Index, EURUSD, GBPUSD, AUDUSD, NZDUSD and USDCAD.
US Dollar Index builds on bullish signal with push through important resistance Minor posiitve on EURUSD GBPUSD hesitant EURGBP positive signal USDJPY upside risks AUDUSD and NZDUSD cautious AUDNZD upside risks
AUDUSD and NZDUSD stay bullish. GBPUSD and EURUSD trying to break to the upside. US Dollar weakness the driving force still.
Flash Crash dynamics with AUDUSD, NZDUSD and AUDNZD sending BUY signals EURUSD stays sideways GBPUSD minor BUY signal in range USDJPY also send positive signal post Flash Crash, but EURJPY looks vulnerable.
Dollar Index holding above a key support level and close to top end of a range, risks stay higher EURUSD sideways but vulnerable to break lower and test key support, which should hold GBPUSD risks also lower, but looking at support to hold on a next leg lower AUDNZD remains positive
GBPUSD reacts to Vote of No Confidence in PM May AUDUSD consolidation NZDUSD at resistance AUDNZD rebounds from below key target and sends bull signal GBPAUD base effort GBPNZD bear trend ending.
GBP crosses in focus into key Brexit vote GBPAUD hits our downside target and rebounds GBPNZD rebound less impressive EURGBP cautious upside breakout attempt GBPCAD trapped sideways US$ Index holding key monthly support Euro future caped by resistance AUDUSD fails back from below resistance, poised at key support
Focus on the Major FX Spot Rates Plus Pound (GBP) Cross Rates.
Knee Jerk Dollar Reaction Not Enough to turn the trend for the Euro (EURUSD Stays Bearish) Fresh Signals Appear on the Yen Sell the Weakest, Buy the Strongest: Pound Aussie Continues to make New Lows (GBPAUD Bearish)
A holiday shortened week leaves most markets trapped in quiet conditions with no fresh signals.
Dollar Index moves back to the break out point Pound fails to develop lower Aussie and Kiwi the strongest
After the negatives of last week, what next after today’s Brexit news? Shaun loooks at the Pound vs the US Dollar and its associated cross rates