📊 Technical Analysis & Trade Strategy Summary – Wednesday, April 16, 2025

 

📊 Technical Analysis & Trade Strategy Summary – Wednesday, April 16, 2025

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🏦 Major Currency Pairs

EUR/USD (1.1366)

• 📈 Mid to Long Term: Bullish to Strong Bullish
  ✅ Strategy: View 1.1350 as key support. Look for dip-buying opportunities. A breakout above 1.1400 may accelerate gains.

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USD/JPY (142.70)

• 📉 1H to Daily: Bearish to Strong Bearish
  ✅ Strategy: Selling rallies around 143.00 remains effective. Watch for a break below 142.00.

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GBP/USD (1.3269)

• ⏱ Short Term: Bearish to Neutral / 📈 Mid to Long Term: Strong Bullish
  ✅ Strategy: Expect short-term pullback; 1.3220–1.3240 may offer buy-on-dip opportunities.

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AUD/USD (0.6373)

• 📈 All Timeframes: Bullish to Strong Bullish
  ✅ Strategy: Continue long positions. Consider stopping out if price breaks below 0.6340.

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USD/CAD (1.3909)

• 📉 Mid to Long Term: Strong Bearish
  ✅ Strategy: Sell rallies around 1.3930–1.3950. Breakdown below 1.3850 could trigger accelerated downside.

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USD/CHF (0.8170)

• 📉 1H to Daily: Strong Bearish
  ✅ Strategy: Weak rebound. Maintain short bias. Place stop above 0.8200.

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USD/NZD (1.6909)

• 📈 Short Term: Bullish to Strong Bullish / 📉 Mid to Long Term: Bearish to Strong Bearish
  ✅ Strategy: Consider short-term long above 1.6920. Bearish if price breaks below 1.6850.

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💱 Cross Yen Pairs

EUR/JPY (162.12)

• 📈 Mid to Long Term: Strong Bullish
  ✅ Strategy: Hold long as long as price stays above 162.00. Target 163.00+.

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GBP/JPY (189.27)

• 📈 1H: Strong Bullish / 📉 Daily: Strong Bearish
  ✅ Strategy: Take profits around 189.80–190.00. Consider buying again on dips.

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AUD/JPY (90.91)

• 📈 Short to Mid Term: Strong Bullish / 📉 Daily: Bearish
  ✅ Strategy: Bullish if price breaks above 91.30–91.40. Watch for resistance on daily chart.

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CAD/JPY (102.59)

• 📉 Daily: Strong Bearish
  ✅ Strategy: Sell rallies in the low 103.00s. Downside target at 101.80.

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CHF/JPY (174.58)

• 📈 Mid Term: Bullish / 📉 Short Term: Bearish
  ✅ Strategy: Consider long entries near 175.00. Use caution if price breaks below 173.80.

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NZD/JPY (84.35)

• 📉 Short to Mid Term: Bearish / 📊 Long Term: Neutral
  ✅ Strategy: Breakdown below 84.00 could accelerate selling. Bullish potential above 84.60.

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🌟 Other Assets

XAU/USD (Gold – $3,305.83)

• 📈 All Timeframes: Strong Bullish
  ✅ Strategy: Trading at all-time highs. Buy dips near 3,290–3,300. Next target at 3,350.

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EUR/GBP (0.8566)

• 📈 All Timeframes: Strong Bullish
  ✅ Strategy: Hold long above 0.8550. Eyeing 0.8600–0.8620 next.

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EUR/AUD (1.7834)

• 📉 Short to Mid Term: Bearish / 📈 Daily: Bullish
  ✅ Strategy: Bearish bias below 1.7800. Buy if price rebounds above 1.7850.

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NZD/CAD (0.8224)

• 📉 Short Term: Strong Bearish / 📈 Daily: Strong Bullish
  ✅ Strategy: High volatility; separate strategies by timeframe.

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BTC/USD (83,937.0)

• 📈 Short Term: Strong Bullish / 📉 Daily: Neutral
  ✅ Strategy: Buy breakout above 84,000. Add on dips around 83,200–83,500. Target 85,000.

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✅ Trade Strategy Summary – April 16, 2025

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🔼 Top Buy Candidates (Dip-Buy or Trend-Follow):

• XAU/USD (Gold)
• EUR/USD, GBP/USD, AUD/USD
• EUR/JPY, NZD/CAD (Long-Term)
• BTC/USD (Buy on Dips)

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🔽 Top Sell Candidates (Sell Rallies):

• USD/JPY, USD/CAD, USD/CHF, USD/NZD (Mid to Long Term)
• CAD/JPY, NZD/JPY, EUR/AUD (Short Term)

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⚖️ Pairs Requiring Timeframe-Specific Strategy:

• USD/NZD, EUR/AUD, NZD/CAD, GBP/JPY, CHF/JPY
  → Best approached with separate scalping (short-term) and swing (mid-long term) strategies.