USD/JPY is holding near a major ceiling around 160, with 158 acting as support and a break above 160.40 potentially opening a much bigger upside move.
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
EUR/USD is stuck in a tight 1.15–1.16 range, with sellers fading rallies near resistance as interest rate differentials and safety flows keep pressure on the euro.
Technical Analysis
GBP/USD is trading near the middle of its 1.3250–1.35 range, with the 200-day EMA marking fair value as short-term traders continue to play the chop.
Technical Analysis
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The DAX is struggling below 23,000 as higher rates, weak risk appetite, and energy concerns continue to weigh on the German index.
Stock Market Today
Bitcoin is struggling to break above $72,000 as higher rates and soft risk sentiment cap gains, while $64,000 and $60,000 remain the key downside levels.
Technical Analysis
USD/CHF remains biased higher as interest rate differentials support the dollar, with traders buying dips and watching 0.80 as the next major resistance level.
Technical Analysis
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Silver is struggling around the $70 level as higher interest rates and geopolitical headlines keep pressure on the metal and limit upside momentum.
Technical Analysis
The NASDAQ 100 is under pressure below the 200-day EMA, with 23,800 as a key support zone while rising yields continue to weigh on tech stocks.
Stock Market Today
Gold is struggling under the weight of rising global interest rates, with $4,600 acting as key support while rallies are likely to be sold.
Technical Analysis
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WTI crude oil remains rangebound between $85 support and $100 resistance, with geopolitical headlines continuing to drive volatile price swings.
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The British Pound rallies again on Wednesday, as we continue to see it grind higher against the Japanese yen in a rate differential move.
Technical Analysis
The 1.3750 level has been broken by the US dollar on Wednesday, as traders continue to pay close attention to the interest rate markets at the moment. Ultimately, we are now looking at the 200 Day EMA for the next clue.
Technical Analysis
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