📊 Technical Analysis & Trade Strategy Summary — Tuesday, May 6, 2025

 

📊 Technical Analysis & Trade Strategy Summary — Tuesday, May 6, 2025

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🏦 Major Currency Pairs

EUR/USD (1.1322)

• 5m–1H: Neutral to bearish / Daily: Neutral
  ✅ Strategy: Lacks clear direction. Watch the 1.1300 level — a break may trigger further downside.

USD/JPY (143.18)

• All Timeframes: Strong selling / Daily: Neutral
  ✅ Strategy: Maintain sell-on-rally approach. Fails to reclaim 144 = bearish continuation.

GBP/USD (1.3346)

• All Timeframes: Strong buying
  ✅ Strategy: Bullish trend intact. Use 1.3300 as support for dip-buying opportunities.

AUD/USD (0.6453)

• Short-term to 1H: Bearish / Daily: Strong buying
  ✅ Strategy: Forming a base. Look for support at 0.6430–0.6450 to resume buying.

USD/CAD (1.3819)

• Short-term to Daily: Bearish to strong bearish
  ✅ Strategy: Continue selling rallies. Consider exiting shorts above 1.3850.

USD/CHF (0.8251)

• Short-term to 1H: Strong buying / Daily: Bearish
  ✅ Strategy: Momentum slowing; monitor 0.8280 as resistance.

USD/NZD (1.6737)

• All Timeframes: Strong selling
  ✅ Strategy: Favor selling on rallies. 1.6750–1.6780 is the key resistance zone.

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💱 Cross Yen Pairs

EUR/JPY (162.10)

• Short-term to 1H: Strong selling / Daily: Neutral
  ✅ Strategy: Continue selling rallies. Key zone around 161.50–162.00.

GBP/JPY (191.09)

• 5m–15m: Strong buying / 1H & Daily: Neutral
  ✅ Strategy: 190.50–191.00 serves as support. Maintain short-term longs, but be cautious on the daily chart.

AUD/JPY (92.39)

• Short-term to 1H: Bearish / Daily: Neutral
  ✅ Strategy: Selling rallies remains preferred. Watch 92.80–93.00 for resistance.

CAD/JPY (103.61)

• Short-term to Daily: Strong selling
  ✅ Strategy: Selling bias remains. Sustained break below 104.00 may accelerate downside.

CHF/JPY (173.52)

• All Timeframes: Bearish to strong bearish / Daily: Neutral
  ✅ Strategy: Main bias is to sell rallies. Watch for reaction around the 174.00 level.

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🌟 Other Assets

XAU/USD (Gold) – 3,381.06

• All Timeframes: Strong buying
  ✅ Strategy: Trending higher. Break above $3,400 could lead to further gains.

NZD/JPY (85.56)

• Short-term to 1H: Strong selling / Daily: Buying
  ✅ Strategy: Favor selling on rallies. Reassess if price exceeds 85.80.

EUR/GBP (0.8484)

• All Timeframes: Bearish to strong bearish
  ✅ Strategy: Below 0.8500, stay with selling rallies.

EUR/AUD (1.7546)

• Short-term: Neutral to bearish / 1H: Strong buying
  ✅ Strategy: Wait unless 1.7600 is breached. Be cautious on dips.

NZD/CAD (0.8258)

• All Timeframes: Buying to strong buying
  ✅ Strategy: Bullish trend continues. 0.8240 serves as short-term support.

BTC/USD (94,222.0)

• Short-term to 1H: Strong selling / Daily: Buying
  ✅ Strategy: Buying support near 94,000. Watch for bullish continuation above 94,800.

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🚀 Today’s Trading Focus Summary

🔼 Buy Opportunities:

• GBP/USD (Buy on dips)
• XAU/USD (Gold trend continuation)
• NZD/CAD (Ongoing bullish trend)
• BTC/USD (Daily-based dip-buying)

🔽 Sell Opportunities:

• USD/JPY (Sell on rallies)
• USD/CAD (Sell on rallies)
• EUR/JPY (Sell on rallies)
• USD/NZD (Bearish continuation)
• EUR/GBP (Sell rallies)