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
Dollar Index tries to reassert uptrend Negative signals appear on the Euro The Pound breaks back down EURGBP finds support at the bottom of the sideways trend Crude Oil holds key to Loonie’s path
Dollar Index fails to close above Breakout Point GB Pound faces short term hurdles Aussie breaks up and must hold that point on a pullback
Reversal on the Pound signals end of downtrend and profit point for shorts. Bitcoin dynamics shift and the market condenses once again.
After a long period of sideways activity, Bitcoin price breaks lower and shifts the dynamic. Nearby supports are close by and represent the final “line in the sand” for bulls.
Dollar Index reaches upside target and fails to close above it. Euro fails to get any flight to quality from Equity weakness and the Pound continues lower. Aussie and Kiwi show resilience.
Dollar Index attempts to break and target major monthly level. The Pound fails to reach breakdown point and extends lower. The Euro has one more major support basis Spot and one on the Futures, that will come close to matching the Dollar Index point.
Dollar Index fails at key point. Plus Euro and Aussie fail at major resistance.
Early rally in the week fails at key resistance. Price then breaks down Thursday, leaving no immediate support
The first of a new series of video analysis by Shaun Downey using his unique methods that concentrate on Support and Resistance and the patterns associated with them, from his book New Methods in Technical Analysis. This first video gives a brief insight into his methods and uses the current set up in the British Pound … Continued