L3wis

L3wis Updated 

As we can see, from this Gold chart we have a clear ascending Wedge/Pennant pattern. What is the next move for Gold? Using the past few weeks of data and news from the FED my personal Bias is LONG on XAUUSD. I believe that Gold will break to the upside out of this pattern and hit $1800 before this pandemic is over. I am adding positions to Gold (as you can see...

L3wis

I have done some quite detailed analysis on this pair using price action, key levels and some intermediate patterns. GBPAUD has been falling since it tapped the 1.8450 Resistance and after consolidation it finally broke down all the way back to the 1.76000 Support. This is where price currently stalls and I think multiple rejections of this current level will...

L3wis

GBPJPY has been uptrending since the 2nd of March 2018 after it tapped the 145.000 Support level. It has risen back to the 151.500 Resistance level, which falls almost perfectly with a 0.618 retracement on the Fibonacci levels. There is also a flag pattern evident and I am soon expecting a fall and break of this flag pattern back to the downside. Reasons for...

L3wis

Previously we have seen an inverted head & Shoulder pattern on this pair, this has now been confirmed and the neckline/resistance barrier of 132.00 has now held and been successfully broken and is currently trading at 132.362. I am expecting a slight pullback to 132.000 before making a push higher towards the 133.000 resistance level. Reasons for this long...