Previous signals confirmed with US Dollar strength

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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

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Euro still bullish against the US Dollar (EURUSD forecast)

With US yields moving to record lows recently, the US Dollar remains weak.The US continues to struggle with significantly rising COVID-19 cases, with the pockets of rising cases in Europe not seen as negative.In addition, the EU recovery fund has been agreed, whilst US lawmakers are still debating the next course of fiscal stimulus.This leaves the threat for further EURUSD gains today and for August.… Continued

Pound stays bullish versus US Dollar (GBPUSD forecast)

The Pound versus the US Dollar Forex rate, GBPUSD has rebounded twice already this week, thereby sustaining a positive tone.This has been mostly driven by the still very weak US Dollar, with US equity indices extending the July “risk on” theme into August.However, with US yields moving to record lows, the US Dollar remains vulnerable, even from this weak position.This leaves the skewed threat for… Continued

Sterling Beats The Buck

Despite COVID-19 and a slowing economy GBPUSD pushed higherMarket sentiment is bearish in the very near-term, this will give wayThe impact of any Chinese retaliation will not be as bad as fearedThe muddle in the U.S. suggests Sterling can find a new leg higher Sterling drove higher during the last week on July and held the ground above both the 50- and 200-day moving average.… Continued

Forex Volatility Increases

Dollar and Euro reverse sharply (DXY, EURUSD)Pound has bull trap above (GBPUSD)Aussie a bear trap below (AUDUSD)Euro-Pound breaks down (EURGBP) Continued

US Dollar index breaks down

Euro-Dollar breaks up EURUSD forecastDollar-Yen closes at final daily support. USDJPY forecastAussie holds breakout level. AUDUSD forecast Continued

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