Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the instrument is quickly falling within the ascending tendency. After forming several reversal patterns, such as Harami, close to the support area, XAUUSD is expected to reverse and rebound from the channel’s downside border due to a strong rising tendency. In this case, the upside target will be the resistance area at 1945.00. At the same time, an opposite scenario implies that the price may start another decline to reach the support area at 1840.00 before resuming its ascending tendency.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, the instrument continues growing. After forming several reversal patterns, such as Hanging Man, not far from the resistance area, NZDUSD may reverse and form a slight correction towards 0.6805. After finishing this pullback, the pair may resume trading upwards to reach the resistance area at 0.6935.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the instrument is still correcting within ascending tendency. By now, GBPUSD has formed several reversal patterns, such as Shooting Star not far from the resistance area. At the moment, the pair is correcting and may reach 1.3125. Later, the market may rebound from this level and resume trading upwards. In this case, the upside target will be at 1.3370.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Australian trade balance returned to positive territory Aug 6, 2026
- Results in Line for Most Reporting Companies Aug 5, 2026
- Stock indices continue to break records. Oil is falling amid intensified diplomatic dialogue between the US and Iran Aug 5, 2026
- USD/JPY Holds Steady After Intervention: Outlook Remains Uncertain Aug 5, 2026
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
