Weekly review of USD, EUR, GBP, Bitcoin, and Nasdaq highlighting key technical levels for smarter trading decisions.
Technical Analysis
About Christopher Lewis
Christopher Lewis is a Columbus, OH-based Forex trader who enjoys trading a wide range of pairs from the traditional EUR/USD to more exotic USD/RUB, and many things in between. Unlike many Forex traders who prefer to trade in a specific market session, Christopher takes advantage of the flexibility provided by the currency markets, and he trades in all sessions, most often when he’s taking a study break from pursuing degrees in both finance and computer science.
Mr. Lewis most often trades on the daily or weekly chart, rather than on a shorter time frame, making his market outlooks suitable for traders in all time zones. In addition to multiple daily analyses, he has been providing DailyForex.com traders with regular video analyses for several years. He also contributes weekly Forex forecasts, monthly outlooks and even yearly forecasts, all of which are all highly valued by his loyal following. Christopher has tested dozens of Forex trading platforms during his years as a trader, though he now uses GFT’s 360 DealBook when placing personal trades.
In late 2014 Mr. Lewis began contributing signals to ForexSignalz.com, where he collaborates with DailyForex’s chief trader, Adam Lemon, to provide additional signals to serious traders directly to their mobile phones. Mr. Lewis’s signals, although not overly aggressive, are largely based upon his own personal trades and trading strategies that he has cultivated over many years, making them suitable for traders at all levels and for traders using a range of trading platforms.
When he’s not studying, trading or chasing after his two young children, Christopher manages to find time to operate his own Forex website, aptly called The Trader Guy.
Latest 12 Articles
Silver continues its explosive rally, touching $65 on Thursday as momentum, short squeezes, and structural supply shortages drive extreme price action.
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The US dollar recovered against the yen on Thursday after bouncing from the key 155 level, reaffirming it as strong support.
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The NASDAQ 100 shook off early weakness from Oracle’s disappointing outlook on Thursday, reaffirming dip-buying behavior near the 25,000 support level.
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Gold spiked higher Thursday, driven by strong momentum and tailwinds from Federal Reserve easing. With $4,200 holding as a key support level, the bullish trend points toward $4,400 next—and possibly $5,000 in the coming months.
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USD/INR surged on Thursday as shifting bond market expectations fueled dollar strength, with the Fed's rate cut and T-bill purchases contrasting India’s anticipated bond buying.
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EUR/JPY recovered from early losses on Thursday, with the euro supported by higher interest rates and expectations of continued BOJ bond buying.
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USD/CAD failed to hold gains above 1.38 as resistance pushed the pair lower, with Fed bond purchases and narrowing rate differentials adding pressure.
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Bitcoin remains under pressure following the Fed's rate cut, with conflicting technical patterns adding to market indecision.
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Natural gas fell over 8% on Thursday after inventory data revealed storage levels 3% above the 5-year average, sparking a steep sell-off.
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The USD/INR pair remains volatile yet range-bound following the FOMC meeting, with India’s currency management and global trade uncertainty supporting a gradual upward lean.
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The NASDAQ 100 erased early losses and turned higher after the Fed’s rate cut, supported by buy-the-dip sentiment, bullish momentum, and seasonal trends favoring equities.
Technical Analysis
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