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
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)
Euro reaches major downside target and bear trap (EURUSD) Dollar Index (DXY) stops in the powerful overhead zone. Major signals indicate end of Kiwi downtrend (NZDUSD)
Quiet Forex conditions Subtle shifts in weekly support and resistance changing the outlook Awaiting breakouts
Pound reaches major upside target (GBPUSD) DollarYen breaks up (USDJPY) Aussie extends higher (AUDUSD) and breaks up against Kiwi (AUDNZD)
Major signal on the Pound (GBPUSD) Aussie and Kiwi break out from major support (AUDUSD and NZDUSD)
A quiet week sees Dollar Yen (USDJPY) hold key support.The Dollar Index (DXY) has fresh upside target.Euro Dollar (EURUSD) hones in on major downside target.
Pound breaks up (GBPUSD) Euro Pound breaks down (EURGBP)
Minor negative on Euro (EURUSD)Positives build on Aussie (AUDUSD), awaits breakout confirmationPound(GBPUSD) downtrend ends
Pound stays down (GBPUSD)Aussie reaches major downside target (AUDUSD)
Aussie reaches downside target Pound continues lower. Stop lowered. Yen Breaks down but risk wide.
Yen extends higher Kiwi reaches upside target Pound breaks down Aussie targets 0.6770
Pound needs to hold key support to the tick. Positives on Dollar Yen at major support. Kiwi stops shy of upside target. Dollar Cad fails at breakdown point
Negatives for the Dollar lead to positives on Euro Pound hits major downside target perfectly Negative for Dollar Yen but profit target close Kiwi breaks up Fresh yearly lows for Dollar Cad
Broader US Dollar buys signals Dollar Index aims higher EURUSD aiming at initial downside target, 1.1176 GBPUSD approaches major downside support target, 1.2444 NZDUSD reverses lower
US Dollar Index downside risks EURUSD consolidation USDJPY slightly positive AUDUSD upside risks NZDUSD stays bullish USDCAD bearish theme intact
Dollar Index sell signal and breaks down through support EURUSD upside risk to 1.1497 GBPUSD buy signal from last Wednesday USDJPY at critical support! AUDUSD and NZDUSD buy signals
Dollar index no longer negative EURUSD no longer positive NZDUSD Big signal on Monday only to collapse on Friday
US$ Index break below supports confirms prior week’s bear signal EURUSD aims higher to aim for 1.1497 and maybe 1.1617 GBPUSD and AUDUSD edging higher after buy signals NZDUSD at resistance USDJPY lacklustre rebound USDCAD plunge through key weekly level
US Dollar Index send bear signal, BUT not from resistance EURUSD currency pair positive signal GBPUSD FX rate bull signal from hidden support USDJPY rejects positive signal, aims at lower target AUDUSD and NZDUSD Forex rates sideways USDCAD FX rate target is higher
US Dollar Index corrects lower, but up trend intact EURUSD reboundsGBPUSD down trend intactUSDJPY negative in broader rangeAUDUSD and NZDUSD send small, very short-term positive signalsUSDCAD sidewaysEURGBP trend stays higher
US Dollar Index rebounds from key weekly support level at 97.13, avoiding a closing violation, sends buy signal EURUSD sends negative signal, aims lower with risks increasing for a more bearish signal GBPUSD stays bearish with Brexit concerns USDJPY sends small buys signals (but not from support), rebounding with equity markets corrections higher AUDUSD pushing … Continued
EURUSD modestly bullish US Dollar Index slightly negative
GBPUSD bullish Dollar Index stays positive Please note, this video was made before the price moves from President Trump’s comments on tariffs and trade negotiations.
US Dollar Index breaks above and closes through key weekly resistance EURUSD violates notable low, stays weak USDJPY sell signal
US Dollar Index closes right at final key resistance EURUSD not as negative as US Dollar Index is positive GBPUSD vulnerable NZDUSD negative signal, poised at key support EURCAD long exited
EURCAD still building on prior buy signal off of support US Dollar Index sets back from key resistance USDJPY tracks equities back higher GBPUSD paralysed, post Brexit extension
US Dollar Index poised, close to key resistance at 97.13 EURUSD sitting just above key support USDJPY grinding higher with equities NZDUSD stays weak EURCAD rebounds from key support and points higher
US Dollar eyes key resistance. Euro future and GBPUSD poised at support. Negative signal on USDCAD.
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
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