π Technical Analysis & Trade Strategy Summary (Tuesday, April 29, 2025)
π¦ Major Currency Pairs
EUR/USD (1.1378)
- 5-min, 15-min, 1H: Strong Sell οΌ Daily: Strong Buy
β 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 οΌ Daily: Strong Sell
β Strategy:
Short-term rebound ongoing. Watch 143.00β143.20; failure to break higher could renew selling pressure.
GBP/USD (1.3386)
- 5-min, 15-min: Strong Sell οΌ 1H: Sell οΌ Daily: Strong Buy
β 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 οΌ Daily: Strong Buy
β Strategy:
Short-term correction phase. Eye 0.6380β0.6400 support for potential dip-buying opportunities.
USD/CAD (1.3846)
- 5-min to 15-min: Strong Buy οΌ 1H: Buy οΌ Daily: Strong Sell
β 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 οΌ Daily: Strong Sell
β Strategy:
Upside capped around 0.8280β0.8300. Approach dip buying cautiously.
USD/NZD (1.6793)
- 5-min to 1H: Strong Buy οΌ Daily: Strong Sell
β Strategy:
Short-term rebound but watch for heavy resistance near 1.6820.
π± Crosses
EUR/JPY (162.34)
- 5-min, 15-min: Sell οΌ 1H, Daily: Buy
β 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 οΌ Daily: Buy
β Strategy:
Selling pressure persists. Monitor whether the key 190.00 support breaks.
AUD/JPY (91.39)
- 5-min to 1H: Strong Sell οΌ Daily: Neutral
β Strategy:
Maintain a selling bias targeting a break below 91.00β91.20.
CAD/JPY (103.07)
- 5-min, 15-min: Neutral οΌ 1H: Buy οΌ Daily: Neutral
β Strategy:
Range-bound movement. Wait for a clearer breakout.
CHF/JPY (172.75)
- 5-min to 1H: Strong Sell οΌ Daily: Neutral
β Strategy:
Selling bias intact. Key support zones: 172.30β172.50.
π Other Assets
XAU/USD (Gold) (3,315.07)
- 5-min: Buy οΌ 15-min: Buy οΌ 1H: Sell οΌ Daily: Buy
β 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 οΌ 1H, Daily: Neutral
β Strategy:
Favor selling rebounds; monitor the 85.00 area for stability.
EUR/GBP (0.8500)
- 5-min, 15-min: Buy οΌ 1H, Daily: Neutral to Sell
β Strategy:
Slight bullish tilt above 0.8500, but be cautious.
EUR/AUD (1.7765)
- 5-min to 1H: Strong Buy οΌ Daily: Neutral
β Strategy:
Maintain a dip-buying strategy; 1.7720 is critical support.
NZD/CAD (0.8245)
- 5-min to 1H: Strong Sell οΌ Daily: Strong Buy
β Strategy:
Short-term selling pressure dominates, but stay cautious below 0.8230.
BTC/USD (94,884.0)
- 5-min, 15-min: Sell οΌ 1H, Daily: Buy
β Strategy:
Strong support near 94,500β95,000; focus on buying dips.
π Todayβs Trading Focus
πΌ Buy Opportunities
- AUD/USD (on dips)
- GBP/USD (on dips)
- EUR/AUD (on dips)
- XAU/USD (Gold, dip-buying)
- BTC/USD (dip-buying)
π½ Sell Opportunities
- USD/JPY (sell on rallies)
- GBP/JPY (sell on rallies)
- AUD/JPY (sell on rallies)