πŸ“Š Technical Analysis & Trade Strategy Summary (Tuesday, April 29, 2025)

 

πŸ“Š Technical Analysis & Trade Strategy Summary (Tuesday, April 29, 2025)


🏦 Major Currency Pairs

EUR/USD (1.1378)

  • 5-min, 15-min, 1H: Strong Sell / Daily: Strong Buy
    βœ… Strategy:
    Short-term selling pressure continues. However, as long as 1.1350 holds, maintain a mid-term bullish bias with potential for a rebound.

USD/JPY (142.69)

  • 5-min to 1H: Strong Buy / Daily: Strong Sell
    βœ… Strategy:
    Short-term rebound ongoing. Watch 143.00–143.20; failure to break higher could renew selling pressure.

GBP/USD (1.3386)

  • 5-min, 15-min: Strong Sell / 1H: Sell / Daily: Strong Buy
    βœ… Strategy:
    Currently in a corrective pullback. Look for signs of recovery around 1.3350, favoring buy setups aligned with the daily trend.

AUD/USD (0.6404)

  • 5-min to 1H: Strong Sell / Daily: Strong Buy
    βœ… Strategy:
    Short-term correction phase. Eye 0.6380–0.6400 support for potential dip-buying opportunities.

USD/CAD (1.3846)

  • 5-min to 15-min: Strong Buy / 1H: Buy / Daily: Strong Sell
    βœ… Strategy:
    Maintain short-term buying bias. Consider profit-taking if the 1.3880 breakout fails.

USD/CHF (0.8259)

  • 5-min to 1H: Strong Buy / Daily: Strong Sell
    βœ… Strategy:
    Upside capped around 0.8280–0.8300. Approach dip buying cautiously.

USD/NZD (1.6793)

  • 5-min to 1H: Strong Buy / Daily: Strong Sell
    βœ… Strategy:
    Short-term rebound but watch for heavy resistance near 1.6820.

πŸ’± Crosses

EUR/JPY (162.34)

  • 5-min, 15-min: Sell / 1H, Daily: Buy
    βœ… Strategy:
    Short-term sell opportunities, but be ready to shift to dip-buying if 161.80 holds.

GBP/JPY (191.00)

  • 5-min to 1H: Sell / Daily: Buy
    βœ… Strategy:
    Selling pressure persists. Monitor whether the key 190.00 support breaks.

AUD/JPY (91.39)

  • 5-min to 1H: Strong Sell / Daily: Neutral
    βœ… Strategy:
    Maintain a selling bias targeting a break below 91.00–91.20.

CAD/JPY (103.07)

  • 5-min, 15-min: Neutral / 1H: Buy / Daily: Neutral
    βœ… Strategy:
    Range-bound movement. Wait for a clearer breakout.

CHF/JPY (172.75)

  • 5-min to 1H: Strong Sell / Daily: Neutral
    βœ… Strategy:
    Selling bias intact. Key support zones: 172.30–172.50.

🌟 Other Assets

XAU/USD (Gold) (3,315.07)

  • 5-min: Buy / 15-min: Buy / 1H: Sell / Daily: Buy
    βœ… Strategy:
    Look for buying opportunities on dips; reclaiming 3,320 is key for further upside towards 3,350.

NZD/JPY (84.97)

  • 5-min, 15-min: Sell / 1H, Daily: Neutral
    βœ… Strategy:
    Favor selling rebounds; monitor the 85.00 area for stability.

EUR/GBP (0.8500)

  • 5-min, 15-min: Buy / 1H, Daily: Neutral to Sell
    βœ… Strategy:
    Slight bullish tilt above 0.8500, but be cautious.

EUR/AUD (1.7765)

  • 5-min to 1H: Strong Buy / Daily: Neutral
    βœ… Strategy:
    Maintain a dip-buying strategy; 1.7720 is critical support.

NZD/CAD (0.8245)

  • 5-min to 1H: Strong Sell / Daily: Strong Buy
    βœ… Strategy:
    Short-term selling pressure dominates, but stay cautious below 0.8230.

BTC/USD (94,884.0)

  • 5-min, 15-min: Sell / 1H, Daily: Buy
    βœ… Strategy:
    Strong support near 94,500–95,000; focus on buying dips.

πŸš€ Today’s Trading Focus


πŸ”Ό Buy Opportunities

  • AUD/USD (on dips)
  • GBP/USD (on dips)
  • EUR/AUD (on dips)
  • XAU/USD (Gold, dip-buying)
  • BTC/USD (dip-buying)

πŸ”½ Sell Opportunities

  • USD/JPY (sell on rallies)
  • GBP/JPY (sell on rallies)
  • AUD/JPY (sell on rallies)

More Insights