USD/CHF is facing short-term pullback pressure, but the broader bias remains bullish as yield differentials and Swiss National Bank policy support the dollar.
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
USD/JPY remains bullish despite Thursday’s pullback, with 158 acting as key support and 160.50 as the breakout level for a larger upside move.
Technical Analysis
The DAX is approaching a major ceiling near 25,000, with short-term pullbacks still viewed as buying opportunities while 24,000 holds as support.
Stock Market Today
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Copper remains bullish after buyers defended $6.25, with tight supply and strong long-term demand supporting a move toward $6.50.
Technical Analysis
GBP/USD is stabilizing between the 200-day and 50-day EMAs, with 1.3350 acting as support and 1.35 as the next upside target if buyers gain momentum.
Technical Analysis
The NASDAQ 100 is struggling to hold gains as elevated US rates weigh on sentiment, but 28,500 remains key support and the broader bias stays bullish.
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Gold remains under pressure from high US yields, with $4,600 and the 50-day EMA acting as key resistance until rates begin to ease.
Technical Analysis
EUR/USD remains pressured below the 200-day EMA as higher US yields, Fed tightness, and Europe’s energy risks favor selling rallies.
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USD/CAD remains bullish as rising US rates and economic concerns in Canada support a move toward 1.39, with 1.37 acting as key support.
Technical Analysis
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Bitcoin continues to hold near the 50-day EMA, with institutional ETF inflows and resilient price action supporting a potential move back toward the 200-day EMA and $84,000.
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Silver is trying to bounce as interest rates ease, with a break above the 50-day EMA potentially opening a short-term move toward $79.75.
Technical Analysis
USD/MXN remains bearish as risk appetite supports the peso, with rallies toward 17.45 likely to attract sellers while 17.20 and 17.00 act as support.
Technical Analysis
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