USD/CHF trades around the key 0.80 level, with structural support below and the potential for Swiss National Bank intervention helping limit downside ahead of next week’s Fed rate decision.
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 faded after an early rally on Thursday as traders priced in a Fed rate cut, though the broader uptrend remains intact with key support near ¥153 and rising Japanese yields creating near-term uncertainty.
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EUR/GBP gave up early gains on Thursday, failing at the 50-day EMA as pound strength and a potential topping pattern suggest a move toward 0.87 or even 0.86.
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Bitcoin remains stuck near $92,500 as resistance holds firm; traders eye potential double bottom but await clearer signals before calling a bullish breakout.
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USD/CAD sits on 200-day EMA support as traders await Canadian jobs data and next week’s Fed rate decision, with 1.40 acting as key upside resistance in a choppy trading range.
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NZD/USD tests key resistance at 0.58, with signs of exhaustion likely to trigger selling as traders brace for a potentially hawkish Fed tone after next week’s rate decision.
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GBP/USD stalls after a failed move higher, with UK optimism clashing with looming rate cuts and a stronger U.S. outlook; a pullback toward 1.32 remains possible ahead of the Fed decision.
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The Nasdaq 100 remains in consolidation mode near key resistance, with dip-buying likely to persist into December unless a break below 24,000 signals a deeper correction.
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AUD/USD presses into major resistance near 0.66, with the pair looking overstretched and vulnerable to a pullback ahead of key U.S. rate decisions and weakening upside momentum.
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The euro retreats after testing 1.17, as upcoming U.S. PCE data and the FOMC decision threaten to revive dollar strength and disrupt recent euro gains.
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The Nasdaq 100 continues to show bullish momentum, with seasonal trends and dip-buying behavior supporting a move toward key resistance and potentially new highs.
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Meta trades quietly despite broader market volatility, as it attempts to rebound from an earnings miss and death cross, with resistance at the 200-day EMA and $650 proving pivotal for further upside.
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