Weekly outlook covering USD pairs, gold and silver, highlighting technical levels, trends and potential breakout opportunities.
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
The US dollar is testing key support at the 152-yen level and the 200-day EMA, with Friday’s CPI data likely to determine the next major move in USD/JPY.
The US dollar rebounded slightly against the Mexican peso on Thursday, but the prevailing downtrend and carry trade dynamics continue to favor the peso.
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The EUR/CHF pair is holding key 0.91 support, with potential Swiss National Bank intervention looming if the franc strengthens further against the euro.
The German DAX reversed sharply on Thursday as risk appetite faded, but key levels at 24,400 and 25,000 euros could define the next directional move.
The British pound remains volatile against the US dollar ahead of key US inflation data, with critical levels at 1.3750 and 1.35 set to determine the next move.
Silver markets are attempting to stabilize around the $80 level following intense volatility, as traders navigate a potential consolidation range between $70 and $90.
The Nasdaq 100 remains directionless amid earnings season, with traders eyeing the 25,000 support level and cautiously buying dips in a choppy environment.
Gold continues to attract buyers near $5,000 despite recent volatility, with $5,100 as key resistance and traders favoring a value-driven dip-buying approach.
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The Euro rose slightly on Thursday as traders weigh hotter US job data against upcoming CPI, with 1.18 as key support and upside capped near 1.23.
WTI crude oil continues to trade within a tight range, with $66 acting as resistance and $62 as support, as traders await clarity on geopolitical and supply dynamics.
The silver market continues to be very noisy, as we are looking to figure out whether or not the markets can turn things around.
