π Technical Analysis & Trade Strategy Summary β Thursday, April 10, 2025
Currency pairs and assets listed in order of liquidity.
π¦ Major Currency Pairs
EUR/USD (1.1078)
π All Timeframes: Strong Buy
β
Continue with buy-on-dips strategy. Consider aggressive longs below 1.1000.
USD/JPY (145.61)
π All Timeframes: Strong Sell
β
Yen strength dominates. 146.50β147.00 area offers ideal short opportunities.
GBP/USD (1.2920)
π Short Term: Strong Buy / π Daily: Neutral
β οΈ Take profit above 1.2950; potential for pullback. Be cautious with existing longs.
AUD/USD (0.6190)
π Short Term: Strong Buy / π Daily: Sell
β οΈ Upward momentum stalling. Watch for short opportunities around 0.6220.
USD/CAD (1.4055)
π All Timeframes: Strong Sell
β
Even if it bounces near 1.41, selling pressure remains. Prepare for a potential drop below 1.40.
USD/CHF (0.8401)
π All Timeframes: Strong Sell
β
Clear downtrend continues. Sell on any rebounds.
USD/NZD (1.7556)
π Short Term: Strong Sell / π Daily: Buy
β οΈ Currently in a pullback. The 1.75 zone may act as a pivot. Use both short-term selling and medium-term buying strategies.
π± Cross-Yen Pairs
EUR/JPY (161.31)
π All Timeframes: Neutral
β οΈ Choppy movement in both directions. Range-bound strategies like mean-reversion may work.
GBP/JPY (188.13)
π Mid to Long Term: Strong Sell
β
Continue selling rallies. Short setups favored near 189.00.
AUD/JPY (90.13)
π Short Term: Buy / π Daily: Strong Sell
β οΈ Watch for rejection below 90.50. Upside appears limited; potential reversal.
CAD/JPY (103.61)
π Short to Medium Term: Strong Sell
β
Clear weakness. Look to sell rebounds near 104.00.
CHF/JPY (173.34)
π All Timeframes: Strong Buy
β
Strong uptrend continues. Buy dips. Next target is above 173.50.
NZD/JPY (82.94)
π All Timeframes: Strong Sell
β
Consistent downtrend. Selling into rebounds is the most efficient play.
π Other Assets
XAU/USD (Gold) β 3,119.03
π All Timeframes: Strong Buy
β
Trading near all-time highs. Buying breakouts and dip entries are both valid. Watch psychological level around 3,125.
EUR/GBP (0.8574)
π Medium to Long Term: Strong Buy
β
Holding above 0.86 could trigger trend expansion. Buy dips.
EUR/AUD (1.7899)
π Daily: Strong Buy / π Short Term: Sell
β οΈ Currently in a pullback phase. Look to rebuild longs on further dips.
NZD/CAD (0.8005)
π Short Term: Strong Buy / π Daily: Strong Sell
β οΈ Diverging signals. Separate short-term long and long-term short strategies.
BTC/USD (81,714.0)
π Short & Long Term: Sell / π 1H: Buy
β οΈ Overall bearish tone. Risk of accelerating losses below $80,000. Stick to sell-the-rally setups.
β Trade Strategy Summary β April 10
π Short-Term Long Opportunities
- EUR/USD (Buy the dip)
- GBP/USD (Buy near 1.2870β90)
- CHF/JPY (Buy on pullbacks)
- XAU/USD (Gold)
π Short-Term Short Opportunities
- USD/JPY (Sell on rallies)
- USD/CHF (Clear downtrend)
- GBP/JPY, CAD/JPY, NZD/JPY (Cross-yen pairs remain weak)
π Pairs Requiring Timeframe-Split Strategy
- AUD/USD, NZD/CAD, USD/NZD, EUR/AUD
β Opposing trends across timeframes. Separate short-term scalping from longer-term swing positioning.