Christopher Lewis
EUR/GBP Forecast: Euro Continues to Look for Support Against Sterling
I recognize that this asset is testing the crucial 200-Day EMA, which of course a lot of people will pay close attention to, as it is one of the most widely followed technical indicators out there.With this being the case, I think you get a situation wher...
2 months ago
Bitcoin Forecast: Continues to Consolidate Between Moving Averages
Bitcoin has gone back and forth during the course of the trading session on Tuesday in the early hours, and it’s easy to see that this asset is essentially trying to sort itself out.We don’t have any real directionality over the last couple of days, and t...
2 months ago
GBP/JPY Forex Signal: British Pound Tests Big Figure Against Japanese Yen
Potential Signal:At this point, if we can get a daily close above the ¥190 level, I will be willing to throw a little bit of money into this market.I would keep the position size small, and I would have my stop loss at the ¥188 level. The target would be...
2 months ago
Gold Forecast: Pressures Recent Ceiling
I can see this asset is doing everything it can to break out to the upside.Gold continues to be a place where people run toward, and with the PPI numbers in the United States coming out lighter than anticipated early during the session, that gives the ide...
2 months ago
MYR/USD Forecast: Malaysian Ringgit Continues to Look Strong
It’s easy to see that the US dollar is still flat on its back against the Malaysian ringgit.Ultimately, we are hanging around the 4.44 region, an area that previously has been supported a couple of different times.With that being said, the market is likel...
2 months ago
GBP/USD Forecast: Breaks Much Higher
The British Pound has rallied significantly during the early hours on Tuesday as the PPI numbers in the United States came out weaker than anticipated.By doing so, we have broken the back of the shooting star from the previous session, which is typically...
2 months ago
NASDAQ 100 Forecast: Continues to Float Higher
The NASDAQ 100 rallied a bit during the course of the trading session on Tuesday, as we continue to see a little bit of a risk on the move.We have recently bounced from the crucial 200 day EMA and that of course is a technically bullish sign.For what it i...
2 months ago
USD/CHF Forecast: Choppy Trading Amid Uncertainty
The US dollar rallied a bit during the course of the early hours on Tuesday but has given back some of the gains.I think that's going to continue to be a major issue as market participants continue to see this as a market that is going to be noisy to say...
2 months ago
NZD/CHF Forecast: Pressuring Major Level
The pair is one that I'm very interested in paying attention to, due to the fact that we have seen the market bounce into the 0.5250 level, an area that has been important multiple times.All things being equal, this is an area that there should be a certa...
2 months ago
FTSE 100 Forecast: Hangs in Balance Around Key Levels
The FTSE 100 was very noisy during trading on Tuesday as we continue to hang around the 50-day EMA.The 50-day EMA, of course, is an indicator that a lot of people pay attention to, and it is flat.So basically, we've seen a lot of noise over the last coupl...
2 months ago
Gold Forecast: Continues to Fight a Massive Ceiling
The $2480 level has in fact offered a significant amount of resistance yet again, and it looks at this point in time as is going to take quite a bit of pressure to turn this market around and have it go breaking through the psychologically and crucially i...
2 months ago
Nikkei 225 Forecast: Pulls Back from Major Level
The first thing I notice is that the ¥36,700 level has offered a significant resistance, which is interesting considering that the market has seen that level as important multiple times.Remember, the last couple of weeks have seen the carry trade unwindin...
2 months ago
GBP/USD Forecast: British Pound Recovers After Small Dip on Wednesday
The first thing I see is that we had sold off early in the trading session, but we have turned around to show momentum yet again.Because of this, it looks as if the market is going to continue to favor the upside in general, but I am aware that there are...
2 months ago
FTSE 100 Forecast: Pressures Significant Resistance
I am paying close attention to the 8300 level, an area that has been important multiple times, and the area that we had pierced in the early hours on Wednesday, only to turn around and show a little bit of hesitation.Quite frankly, this is a market that h...
2 months ago