Technical Analysis
Gold prices hit a fresh record high around $2,570 early Friday as it extends the previous day’s upside break of a three-week-old resistance.
EURUSD prints its first daily gain in five days as traders recover from a month-long low, preparing for the ECB's upcoming policy announcements.
GBP/USD remains flat at its lowest level in three weeks, ending a two-day losing streak.
USDJPY ends a four-day decline and rebounds from its lowest point in a month as traders start the US inflation week with mixed feelings.
Gold buyers are gearing up for potential weekly gains as the metal rebounds from a resistance-turned-support level.
The EURUSD pair has lost momentum after briefly recovering from the 21-EMA support level.
The GBPUSD currency pair is currently at its lowest point in over a week as traders wait for important data releases on Wednesday.
The USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern.
GBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA).
Gold prices are currently stable within a triangle pattern that's been forming for a week.
EURUSD pares its biggest daily loss in 11 weeks early Thursday, bouncing back from a key support level and the 50-EMA.
USDJPY has bounced back from a key support level that’s been in place for 13 months but remains in a short-term downtrend.
The GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday.