Technical My Tips

Chart: BTCXAU, daily chart BTCXAU failed to break the previous high and plunged below EMA21. The price stays between both EMAs and above 33.50, indicating a potential consolidation. If BTCXAU surges above EMA21 and 35.00, the price may reach the previous highs before retesting the next resistance at 36.50. On the contrary, failure to hold above 33.50 and EMA78 may prompt BTCXAU to fall to the subsequent support at 32.00.

EURUSD consolidate between 1.1535-1.1650 as traders await US trade & ISM services data, while weak Sentix confidence underscores euro-zone fragility. Drop below 1.1535, the price may retest the following support at 1.1450.

#economic_calendar These events may affect the market on 5 August.

The precious yellow metal has been moving sideways for several days after reaching unprecedented all-time highs. Its current price action is confined within an ascending symmetrical triangle pattern. The big question now is — will it break out and continue climbing, or will it head downward toward the demand zone highlighted by the circle on the chart?

These are the biggest events to watch this week: The economic agenda will quieten down over the coming week but not entirely as the Bank of England will announce its latest policy decision, while Canada and New Zealand will report employment numbers. In the US, the ISM Services PMI will be watched very closely, and the Bank of Japan's Summary of Opinions will also likely attract some attention. #XM #XMIndia #EconomicCalendar

These are the biggest events to watch this week: The economic agenda will quieten down over the coming week but not entirely as the Bank of England will announce its latest policy decision, while Canada and New Zealand will report employment numbers. In the US, the ISM Services PMI will be watched very closely, and the Bank of Japan's Summary of Opinions will also likely attract some attention. #XM #XMIndia #EconomicCalendar

📊EURUSD rises as weak U.S. jobs data boosts rate cut bets The euro rose 1.37% to $1.1571 on Friday. It was on track for its biggest daily gain since April after U.S. job numbers came in weaker than expected. 👉 Possible effects for traders The U.S. dollar stayed flat on Monday after taking a hit from poor jobs data and President Trump's firing of a top labour official. July job growth was well below forecasts, and previous months were revised down by 258,000 jobs, signalling a worsening labour market. This sent the dollar down over 1.5% against the euro on Friday. Market reactions to Friday night's events were swift and decisive,' said analyst Tony Sycamore from IG. 'Equities and the U.S. dollar tumbled, along with yields.' Traders now see a 95% chance of a Federal Reserve (Fed) rate cut next month. They expect over 63 basis points of cuts by December. While the Fed looks cautious, the European Central Bank is seen cutting rates in April and June 2025. A more dovish Fed usually weakens the dollar. Still, political instability in Germany and France and ongoing U.S. tariffs are limiting the euro's gains. Analysts say the pair's next moves depend on more U.S. data and trade news.

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Prepare for the week ahead with our financial calendar. Make the most of your trading opportunities with ExpertOption! Trade Now:

Here are the important upcoming news events that could affect your trading. Learn more:

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The RSI (Relative Strength Index) is a popular technical indicator used by traders to gauge an asset’s price momentum. Displayed below the price chart, RSI works across any timeframe. A reading above 70 suggests the asset might be overpriced, signaling a potential price drop. Meanwhile, a reading below 30 indicates the asset could be oversold, hinting at a possible price increase. Trade Now:

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