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๐Ÿ“Š Technical Analysis & Trade Strategy Summary Thursday, April 17, 2025

 

๐Ÿ“Š Technical Analysis & Trade Strategy Summary


๐Ÿฆ Major Currency Pairs

EUR/USD (1.1359)

  • โฑ Short-term: Strong Sell / ๐Ÿ“ˆ Daily: Strong Buy
    โœ… Strategy: Market is in short-term correction. Neutral below 1.1340. Consider dip buying in the medium-long term.

USD/JPY (142.58)

  • ๐Ÿ“‰ All timeframes: Strong Sell
    โœ… Strategy: 142.80โ€“143.00 is a sell zone. Hold short positions aiming for a break below 141.80.

GBP/USD (1.3228)

  • โฑ Short-term: Strong Sell / ๐Ÿ“ˆ Medium-Long Term: Strong Buy
    โœ… Strategy: 1.3200 acts as support. Watch for rebound to rebuild longs. Short-term sidelines possible.

AUD/USD (0.6354)

  • ๐Ÿ“ˆ Medium-Long Term: Strong Buy / ๐Ÿ“Š Hourly: Neutral
    โœ… Strategy: Buy on dips near 0.6320. Consider taking profit toward 0.6400.

USD/CAD (1.3897)

  • ๐Ÿ“ˆ Short-term: Strong Buy / ๐Ÿ“‰ Daily: Strong Sell
    โœ… Strategy: Mixed signals. 1.3920 is the pivot zone. Break lower may trigger renewed selling.

USD/CHF (0.8173)

  • ๐Ÿ“ˆ Short-term: Buy / ๐Ÿ“‰ Daily: Strong Sell
    โœ… Strategy: Potential rebound if above 0.8200. Look to sell around 0.8230โ€“0.8250.

USD/NZD (1.6851)

  • ๐Ÿ“‰ All timeframes: Strong Sell
    โœ… Strategy: 1.6880โ€“1.6900 is a prime area to short. Watch for acceleration below 1.6800.

๐Ÿ’ฑ Yen Crosses

EUR/JPY (161.92)

  • ๐Ÿ“‰ Shortโ€“Mid Term: Sell / ๐Ÿ“ˆ Daily: Buy
    โœ… Strategy: Continue short below 161.50. Flip to long above 162.50.

GBP/JPY (188.58)

  • ๐Ÿ“‰ Broadly Bearish
    โœ… Strategy: Continue selling on rebounds. Profit-taking or additional shorts above 189.50.

AUD/JPY (90.56)

  • ๐Ÿ“‰ Short-term: Sell / ๐Ÿ“Š Mid-term: Neutral
    โœ… Strategy: Re-enter shorts below 90.30. Buy if it breaks above 91.00.

CAD/JPY (102.60)

  • ๐Ÿ“‰ All timeframes: Strong Sell
    โœ… Strategy: 103+ is a sell opportunity. Targeting a drop below 102.00.

CHF/JPY (174.42)

  • โฑ Short-term: Sell / ๐Ÿ“ˆ Daily: Strong Buy
    โœ… Strategy: Buy on rebound around 174.00. Break lower may open move toward 170.00.

NZD/JPY (84.57)

  • ๐Ÿ“ˆ Short-term: Strong Buy / ๐Ÿ“Š Daily: Neutral
    โœ… Strategy: Look to buy dips. Stop loss if it breaks below 84.20.

๐ŸŒŸ Other Assets

XAU/USD (Gold) 3,326.40

  • ๐Ÿ“ˆ Daily: Strong Buy / ๐Ÿ“Š Short-term: Neutral
    โœ… Strategy: Buy near 3,300. Profit zone is 3,350โ€“3,370.

EUR/GBP (0.8587)

  • ๐Ÿ“‰ Shortโ€“Mid Term: Strong Sell / ๐Ÿ“ˆ Daily: Strong Buy
    โœ… Strategy: Short-term selling continues. Buy only if 0.8600 is cleared.

EUR/AUD (1.7879)

  • ๐Ÿ“‰ Short-term: Strong Sell / ๐Ÿ“ˆ Daily: Buy
    โœ… Strategy: Support near 1.7850. Below that, selling bias increases.

NZD/CAD (0.8244)

  • ๐Ÿ“ˆ All timeframes: Strong Buy
    โœ… Strategy: Hold long positions. Monitor for breakdown below 0.8200.

BTC/USD (84,300.0)

  • ๐Ÿ“‰ Short-term: Sell / ๐Ÿ“Š Daily: Neutral
    โœ… Strategy: Caution if it falls below 84,000. Key support: 83,000โ€“83,200.

โœ… Strategy Summary

๐Ÿ”ผ Long Focus

  • AUD/USD (ongoing uptrend)
  • NZD/CAD (steady rise)
  • Gold (XAU/USD) (targeting new highs)
  • NZD/JPY (buying dips)

๐Ÿ”ฝ Short Focus

  • USD/JPY, CAD/JPY, USD/NZD, GBP/JPY (USD weakness + yen strength)
  • EUR/GBP, EUR/AUD (short-term correction setups)

โš–๏ธ Split-Timeframe Strategy Required

  • EUR/USD, USD/CAD, CHF/JPY, GBP/USD
    โ†’ Different trends depending on timeframeโ€”best managed separately as swing vs. intraday trades.

Market Theme This Week:
Broad USD selling, with strength seen in gold, AUD/NZD, and GBP.

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