Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the asset is finishing the correctional wave. After forming several reversal patterns, such as Stick Sandwich, not far from the resistance level, XAUUSD may reverse and resume falling. In this case, the downside target may be the support area at 1722.50. At the same time, an opposite scenario implies that the price may grow towards 1770.00 first and then resume trading downwards.
NZDUSD, “New Zealand vs US Dollar”
As we can see in the H4 chart, after testing the resistance area, NZDUSD has formed several reversal patterns, such as Doji. At the moment, the asset is reversing in the form of a new decline. In this case, the downside target may be the support level at 0.6820. After that, the asset may break it and continue moving downwards. However, an alternative scenario implies that the price may grow to reach 0.6963 before resuming its descending tendency.
Free Reports:
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the asset is forming another descending wave from the channel’s upside border. By now, GBPUSD has formed several reversal patterns, such as Harami, not far from the resistance area. At the moment, the pair is reversing in the form of a new decline. In this case, the downside target may be at 1.3456. After testing this level, the market may break it and continue falling. Still, there might be an alternative scenario, according to which the asset may correct towards 1.3670 before reversing.
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.
- Bitcoin has dropped below $70,000. The Bank of Mexico held its rate at 7% Feb 6, 2026
- Gold Closes with a Decline for the Second Week in a Row: Fewer Risks Feb 6, 2026
- The British Index has hit a new all-time high. Silver has plummeted by 16% Feb 5, 2026
- GBP/USD Under Local Pressure: Focus on Bank of England Signals Feb 5, 2026
- Bitcoin has plummeted to a 14-month low. Silver jumped by more than 10% Feb 4, 2026
- Gold is Back in the Black: Geopolitics Dictates Conditions Again Feb 4, 2026
- US natural gas prices collapsed by 21%. The RBA raised its interest rate by 0.25% Feb 3, 2026
- What goes up must come down… Feb 2, 2026
- Donald Trump appoints a new successor for the Fed chair. Precious metals hit by sell-off Feb 2, 2026
- USDJPY Realises Correction: BOJ Policy Weighs on Yen Feb 2, 2026
