Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the asset is correcting. After forming an Inverted Hammer reversal pattern not far from the support level, XAUUSD may reverse and form a new rising impulse. In this case, the upside target may be the resistance area at 1795.00. At the same time, an opposite scenario implies that the price may fall towards 1750.00 first and then resume trading upwards.
NZDUSD, “New Zealand vs US Dollar”
As we can see in the H4 chart, NZDUSD continues trading sideways; it has formed several reversal patterns, such as Harami. At the moment, the asset is reversing in the form of a new decline towards the next support area. In this case, the downside target may be at 0.6730. After that, the asset may break this level and continue moving downwards. However, an alternative scenario implies that the price may correct to reach 0.6835 before resuming its decline.
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, GBPUSD continues trading sideways not far from the support area, where it has formed several reversal patterns, for example, Harami. At the moment, the pair may reverse and start a new descending impulse. In this case, the downside target may be at 1.3190. After testing the next support area, the market may break it and continue trading downwards. Still, there might be an alternative scenario, according to which the asset may correct to reach 1.3370 before resuming its descending tendency.
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.
- The Central Bank of Mexico kept its interest rate unchanged. Iran plans to introduce strict bans for US and Israeli vessels in the Strait of Hormuz Aug 7, 2026
- USD/JPY Holds Firm: Yen Loses Some Support Aug 7, 2026
- 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
