2024.08.20 XAUUSD trades in the morning.

EUR/USD retreated after initial rise to 1.1007 last week and turned into consolidations. Initial bias stays neutral this week first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume rally from…

By Analytical Department RoboForex USD/JPY is trading lower at 155.79 on Friday. Meanwhile, the yen remains under pressure at the end of the week. It is on track to record a second consecutive weekly decline amid ongoing uncertainty surrounding Bank of Japan (BoJ) policy. This week, the Japanese government nominated two academics known for favouring…

USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. On the upside, decisive break of 159.25 will extend the rally from 139.57 to retest 161.94 high. However, considering bearish…

This report is more useful when it’s released before Canadian retail sales but RBC is out today with its latest data on Canadian cardholder spending. Canada’s largest bank said card transactions fell 0.2% in February, which is largely consistent with the -0.4% decline in the advance retail sales report. Sales were influenced by poor February…