US Dollar looking more bullish again
Major positive on US Dollar Index (DXY forecast) And a negative on Euro (EURUSD forecast) Both need to be confirmed
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.
A Grandfathered member of the Society of Technical Analysts, Shaun's unique methods and studies are available on the CQG and eSignal platforms, whilst his individual Stock trading system and equity focused studies are being coded to be placed on the new Stockcharts.com platform in 2020.
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Major positive on US Dollar Index (DXY forecast) And a negative on Euro (EURUSD forecast) Both need to be confirmed
Aussie hits major final support and rallies strongly (AUDUSD forecast) Pound posts positive (EURUSD forecast) Euro-Pound reaches upside target (EURGBP forecast)
Aussie Dollar reaches major downside target (AUDUSD forecast) Kiwi breaks down (NZDUSD forecast) Support rises on the Dollar Index (DXY forecast) Cable sits just above final weekly based support (GBPUSD forecast)
US Dollar Index posts major negative (DXY forecast) Euro-Dollar a positive (EURUSD forecast) USD-JPY breaks down (USDJPY forecast) Aussie Dollar approaches major support (AUDUSD forecast)
US Dollar Index stars strong (DXY forecast) Euro remains vulnerable (EURUSD forecast) Euro-Pound breaks down (EURGBP forecast)
US Dollar Index breaks up (DXY forecast) Euro breaks down (EURUSD forecast) Partial profits in order on the Aussie (AUDUSD forecast)
US Dollar Index stats at major resistance (DXY forecast) Pound threatens to breakdown (GBPUSD forecast) Major bear trap lies below on Euro-US Dollar (EURUSD forecast)
Major positive on the US Dollar Index, but needs confirmation (DXY forecast) Negative on Euro-US Dollar (again, needing confirmation, EURUSD forecast)
Negatives appear on Cable (GBPUSD forecast) Aussie and Kiwi also post negatives (AUDUSD and NZDUSD forecasts) US Dollar-Yen uptrend ends (USDJPY forecast)
US Dollar Index remains trapped (DXY forecast) Euro-Dollar posts rare positive pattern (EURUSD forecast) US Dollar-Yen accelerates up (USDJPY forecast)
US Dollar Index goes sideways (DXY forecast) Euro-Dollar has major support below (EURUSD forecast) US Dollar-Yen breaks up (USDJPY forecast) Positive appears on Euro-Pound ahead of major support (EURGBP forecast)
The US Dollar Index stalled in a major resistance zone and posts negative meaning profits taken on long positions. US Dollar-Yen posts false breakout up and builds reversal
Aussie holds support (AUDUSD forecast) A negative on USD-CAD (USDCAD forecast) A major “Bear Trap” lies below on the Euro-Dollar (EURUSD forecast)
US Dollar Index breaks up (DXY forecast) Euro breaks down, but futures has a major support nearby (EURUSD forecast) Aussie drifts down (AUDUSD forecast) Dollar-CAD breaks up (USDCAD forecast)
US Dollar send positive signal (DXY forecast) Euro signals negative (EURUSD forecast) Aussie negative statement (AUDUSD forecast)
Euro stalls ahead of major upside target US Dollar Index major support looms below Kiwi reaches next upside target
Reversals in Aussie and Kiwi (AUDUSD and NZDUSD forecasts) NZDUSD is still below its breakdown point having signalled a false breakdown
Pound, Aussie and Kiwi break down (GBPUSD, AUDUSD, NZDUSD forecasts) Dollar Cad breaks up and hits major upside target (USDCAD forecast)
Negative USD signal (DXY forecast) Positive on Euro (EURUSD forecast) Pound holds support (GBPUSD forecast) So does Euro-Pound (EURGBP forecast)
US Dollar holds support (DXY forecast) Negatives appear on Pound and Aussie (GBPUSD and AUDUSD forecast) Yen holds support and reaches first upside target (USDJPY forecast)
Positive on the US Dollar (DXY forecast) Negative on Pound (GBPUSD forecast) Aussie threatens to break down (AUDUSD forecast)
Plus an Aussie reversal (AUDUSD forecast) Kiwi holds support (NZDUSD forecast) Pound returns to the breakdown point (GBPUSD forecast)
Euro negative threat (EURUSD forecast) US Dollar Index close to key resistance (DXY forecast) Pound breaks lower (GBPUSD forecast) Aussie posts negative with no support (AUDUSD forecast) US Dollar-CAD breaks up (USDCAD forecast)
Dollar Index posts negative (DXY forecast) Euro positive after holding key support (EURUSD forecast) Pound posts positive at support (GBPUSD forecast) Kiwi holds major weekly and monthly support (NZDUSD forecast)
US Dollar support focus (DXY forecast) Pound send positive signal, but resistance above (GBPUSD forecast) Positives also on Aussie and Kiwi, but still see resistances (AUDUSD and NZDUSD forecasts) Negatives on US Dollar-CAD signals end of uptrend (USDCAD forecast)
Euro breaks down (EURUSD forecast) Pound support disappears (GBPUSD forecast) Aussie breaks down and Kiwi closes below major support (AUDUSD and NZDUSD forecasts) US Dollar-CAD breaks up (USDCAD forecast)
US Dollar Index holds support and threatens to break up (DXY forecast) Euro closes just above key support (EURUSD forecast) Negative on Pound needs to be confirmed (GBPUSD forecast) US Dollar-CAD breaks up (USDCAD forecast)
Dollar Index holds key weekly support Key support rises on the Euro Negative appears on Dollar Yen Negative also seen on Pound. Tug of war in Dollar-CAD, awaiting the breakout.
Positives appear on US Dollar-Yen (USDJPY forecast) Negative signalled on Aussie (AUDUSD forecast) Dollar-CAD posts extremely rare positives! (USDCAD forecast)
Dollar Index repeatedly holds final critical support (DXY forecast) Negative on Dollar-Yen (USDJPY forecast) And on Kiwi (NZDUSD forecast) These need to be confirmed by a breakdown through support
US Dollar fails at key resistance Euro holds support Aussie and Kiwi need to confirm fresh negatives
Dollar Index fails to confirm bullish signal and then breaks down Euro holds support and breaks up Positives on Aussie and Kiwi US Dollar-CAD accelerates lower
Major sell on Euro (EURUSD forecast) Negative on Pound (GBPUSD forecast) Major support on Aussie switches to resistance (AUDUSD forecast) US Dollar-Canadian Dollar breaks down (USDCAD forecast)
US Dollar Index breaks down (DXY forecast) Euro breaks up (EURUSD forecast)
Dollar Index negative signal (DXY forecast) Pound posts positives (GBPUSD forecast) Euro-Pound Reversing (EURGBP forecast)
A quiet week sees the US Dollar retreat to first support (DXY forecast) The Euro reaches its upside target (EURUSD forecast) Major reversal on Euro-Pound (EURGBP forecast)
Minor positive appears on Euro (EURUSD forecast) Dollar-Yen continues to outperform (USDJPY forecast) Small positive appear on Aussie and Kiwi and negative on USDCAD (AUDUSD, NZDUSD and USDCAD forecasts)
Dollar Index and Dollar-Yen break up (DXY and USDJPY forecasts) Aussie and Kiwi post positives (AUDUSD and NZDUSD forecasts) EuroPound close to restarting the downtrend (EURGBP forecast)
A very quiet week sees resistance drop on the Dollar Index and lowers the breakout point (DXY forecast) Positive appears on Dollar-CAD (USDCAD forecast) A major buy signal appears on Euro-Pound (EURGBP forecast)
Dollar reverses (DXY forecast) Euro posts positive along with Pound (EURUSD and GBPUSD forecasts) Kiwi holds support and Dollar-CAD close to breaking down (NZDUSD and USDCAD forecasts)
Dollar Index break up (DXY forecast) Euro reaches first downside target (EURUSD forecast) Kiwi also hits support target (NZDUSD forecast)