The NASDAQ 100 remains bullish as buyers continue to defend dips, with 29,000 as near-term support and 30,000 as the next major target.
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.
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USD/MXN remains bearish despite a short-term bounce, with 17.40 acting as resistance and the broader carry trade still favoring peso strength.
The DAX continues to face resistance near 24,400, but the broader bias remains bullish while 24,000 holds as support and German yields stay under watch.
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Copper remains bullish as buyers defend $6.50 support, with AI-driven demand keeping $6.80 and $7.00 in focus as the next upside targets.
The CAC 40 remains rangebound but supported near 8,000, with lower French yields helping buyers while 8,300 stands as the next upside target.
USD/ZAR remains choppy but supported near 16.20–16.25, with 16.60 as the key resistance level and energy risks keeping rand volatility elevated.
Silver remains bullish long term but is pulling back from $90 resistance, with traders watching $80 as the next major value zone for buyers.
Gold continues to consolidate as softer US yields support buyers, but the 50-day EMA remains the key barrier before a possible move toward $5,000.
USD/CAD has turned bullish after breaking above 1.37, with buyers targeting 1.39 while support near 1.3675 keeps the long setup intact.
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Bitcoin remains resilient above $79,000, with buyers targeting the 200-day EMA and $84,000 as the key breakout level for a larger rally.
USD/CHF remains supported by rising US yields and a wide interest rate differential, making dollar dips attractive despite the franc’s safe-haven status.
NZD/USD is consolidating near 0.5950, with 0.59 as a potential buy zone and 0.60 as the key upside resistance ahead of US jobs data.
