Shaun Downey’s Technical Analysis Update 20181129

Expert

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)

Shaun Downey

Editor

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....continued

Comments on this analysis

Your email address will not be published. Required fields are marked *


Latest Related News

EURUSD Forecast: Positive tone ahead of the Fed and ECB

The focus today is on the Federal Reserve in their last FOMC Meeting of 2019.No change in interest rates in anticipated but given the better than expected US Employment data last week, the risk is for the Fed to begin to shift away from a more dovish stance to slightly more hawkish.Such a shift in tone could see the EURUSD forecast shift lower with US… Continued

US Dollar gains on Employment report

2nd - 6th December 2019 USD The Dollar closed the week with a bang after the US jobs report smashed expectations. At the beginning of the week, the Dollar spent the first four trading days of the month selling off and started to look rather oversold by Thursday afternoon. With the very positive jobs data on Friday, however, reporting +266k, we instantly saw USD bulls… Continued

US Dollar positive reversal

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) Continued

The Forex Zone Forecasts – US Dollar weakens, with Pound to USD bullish

US Dollar shifts to a weaker theme across the major currencies, with the GBP USD Chart showing a bullish break The Forex Zone looks at day trade views and forecasts for the major Forex rates; EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD and USDJPY. EURUSD: Bull theme intact A firm rebound and consolidation tone on Thursday to build on Wednesday's spike above key 1.1097 (to signal an intermediate-term… Continued

EURUSD forecast is positive with a weakened US Dollar

A broad “risk off” scenario hit global markets Monday as US President Trump put tariffs on Steel and Aluminum imports from Brazil and Argentina, heightening the global trade war.This sent stocks lower, and in this scenario had a negative impact on the US Dollar within G3, with the greenback losing ground to both the Japanese Yen and Euro (EURUSD higher).This theme was reinforced by weaker… Continued

Forex Brokers in your location