The S&P 500 continues its Santa Claus rally in thin holiday trading, with bulls targeting the 7,000 level and viewing pullbacks as buying opportunities.
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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 euro eases against the yen in low-liquidity trading, yet strong interest rate differentials and solid support keep the broader EUR/JPY uptrend intact.
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Bitcoin remains range-bound during low-liquidity holiday trading, with a breakout above $94,000 or a drop below $80,000 likely to define the next major move.
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The US dollar eases against the yen in low-liquidity conditions, with USD/JPY likely consolidating between strong support near 155 and resistance around 158.
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The US dollar weakens against the Canadian dollar as holiday liquidity fades, with USD/CAD testing long-term support near 1.3550.
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USD/INR continues to attract buyers above the 90.00 level as structural pressures on the rupee outweigh central bank intervention.
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NZD/USD is consolidating near its 200-day EMA, with a breakout above 0.59 or a drop below 0.58 likely to define the next directional move.
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Ethereum remains range-bound above key support as traders wait for a Bitcoin-driven catalyst to confirm the next major move.
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The Australian dollar is testing a key breakout zone above 0.67, but confirmation requires sustained price action amid low holiday liquidity.
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Silver stays in a strong bullish trend with elevated volatility, as the $70 level acts as key support and short-term pullbacks favor dip buyers.
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The Canadian dollar extends gains as USD/CAD breaks key support, with downside risk toward 1.3550 while broader US dollar weakness remains the main driver.
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The British pound extends gains against the US dollar, with 1.35 acting as a key pivot and upside toward 1.37 if dollar weakness continues.
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