Japanese Candlesticks Analysis 02.08.2021 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, "Gold vs US Dollar"

At the resistance line, the pair has formed several reversal candlestick patterns, including a Harami. At the current stage, going by the signals of the reversal patterns might lead to further correction with the aim at the support level of 1800.00. However, the quotations might still rise to 1840.00 without testing the lower border of the channel.

NZDUSD, "New Zealand Dollar vs US Dollar"

On H4, the pair has broken through the upper border of the channel. At the support level, the pair has formed several reversal patterns, including a Hammer. At the current stage, going by the patterns, the pair might continue the uptrend with the aim at the resistance level of 0.7015. Upon testing it, the price might break through the level and go on with the ascending dynamics. However, the quotations might still return to 0.6925 before growing further.

GBPUSD, "Great Britain Pound vs US Dollar"

On H4, the pair keeps correcting. At the support level, the pair has formed several reversal patterns, including a Hammer. Going by the signals of the patterns, the pair might currently reach the resistance area, aiming at 1.3995. Upon testing this, the pair might break through it and continue the uptrend. However, the quotations might go down to the resistance level of 1.3840 before continuing growth.