Gold Price again prods the 200-day Exponential Moving Average (EMA) support within a 2.5-month-old falling wedge bullish chart formation.
GBPUSD consolidates losses made in the last three consecutive weeks ahead of the UK’s employment report.
USDJPY begins the week on a negative note while extending a downside gap during the early hours of Monday.
Gold prices may see their first weekly loss in three weeks as they defend a recent U-turn from a key resistance line below important EMAs.
EURUSD braces for the eighth consecutive weekly loss despite the latest hesitance of the bears surrounding the bottom line of the 1.5-month-old descending trend channel.
USDCAD bulls struggle to keep the reins at a five-month high as markets await the all-important Bank of Canada (BoC) Interest Rate Decision.
AUDUSD bulls struggle to hold the forte after posting the first weekly gain in seven on the Reserve Bank of Australia (RBA) Interest Rate Decision Day.
GBPUSD managed to confuse pair sellers last week by defending a one-month-long falling wedge bullish chart pattern despite declining in the later days.
Gold braces for the second consecutive weekly gain as it confronts the key resistances on the US Nonfarm Payrolls (NFP) day.
EURUSD continues its upward momentum, surpassing the 200-DMA and breaking a two-week descending resistance trendline.
GBPUSD remains on the back foot while justifying a downside break of a 5.5-month-old rising support line and the 100-SMA.
USDJPY again flirts with the 78.6% Fibonacci retracement of the October 2022 to January 2023 downturn within a five-month-long bullish channel.