📊 Technical Analysis & Trade Strategy Summary – Friday, May 9, 2025

📊 Technical Analysis & Trade Strategy Summary – Friday, May 9, 2025

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🏦 Major Currency Pairs

EUR/USD (1.1251)

• 5m–1H: Strong Buy to Buy / Daily: Sell
  ✅ Strategy: Currently rebounding, but 1.1270–1.1300 remains a resistance zone. Buy trades should be short-term.

USD/JPY (145.21)

• 5m–1H: Strong Sell to Sell / Daily: Buy
  ✅ Strategy: Support at 144.80 is key. Possible rebound, but watch for selling pressure above 146.00.

GBP/USD (1.3282)

• 5m–1H: Strong Buy to Buy / Daily: Neutral
  ✅ Strategy: Watch for breakout above 1.3300. Buy on dips preferred.

AUD/USD (0.6406)

• 5m–1H: Strong Buy to Buy / Daily: Neutral
  ✅ Strategy: Key support at 0.6380. Maintain short-term bullish stance unless it breaks.

USD/CAD (1.3913)

• 5m–15m: Strong Sell / 1H & Daily: Neutral
  ✅ Strategy: Upside still heavy. Favor selling on rallies below 1.3950.

USD/CHF (0.8310)

• 5m–1H: Mixed / Daily: Neutral
  ✅ Strategy: Lack of direction near 0.8300. If buying, take quick profits.

USD/NZD (1.6982)

• 5m–1H: Strong Buy / Daily: Neutral
  ✅ Strategy: Watch the 1.7000 level. Possible pause if market feels extended.

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💱 Cross Yen Pairs

EUR/JPY (163.37)

• 5m–1H: Sell to Neutral / Daily: Strong Buy
  ✅ Strategy: Maintain long positions if 162.80 holds.

GBP/JPY (192.85)

• All Timeframes: Strong Buy
  ✅ Strategy: Uptrend intact. Buy on dips.

AUD/JPY (93.03)

• 5m–1H: Mixed / Daily: Strong Buy
  ✅ Strategy: Support at 92.80. Look to buy on short-term pullbacks.

CAD/JPY (104.38)

• 5m–1H: Bearish / Daily: Strong Buy
  ✅ Strategy: 104.00 is key support. Rebound trades should be cautious.

CHF/JPY (174.74)

• 5m–1H: Sell to Strong Sell / Daily: Strong Buy
  ✅ Strategy: Currently correcting. Watch for bounce from 173.80–174.00 to add longs.

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🌟 Other Assets

XAU/USD (Gold) – 3,331.21

• All Timeframes: Strong Buy
  ✅ Strategy: Buy on dips. Break above 3,350 may lead to extended gains.

NZD/JPY (85.59)

• 5m–1H: Strong Sell / Daily: Buy
  ✅ Strategy: Rebound is possible. Watch 85.50–85.30 for bottoming signals.

EUR/GBP (0.8471)

• 5m–1H: Strong Sell / Daily: Sell
  ✅ Strategy: Maintain sell bias. Resistance near 0.8500 remains firm.

EUR/AUD (1.7562)

• Short-term: Bearish / 1H–Daily: Strong Buy to Neutral
  ✅ Strategy: Avoid if below 1.7500; look to buy on dips above support.

NZD/CAD (0.8201)

• All Timeframes: Bearish
  ✅ Strategy: Sell rallies. Stay bearish unless price breaks above 0.8250.

BTC/USD (103,290.0)

• All Timeframes: Strong Buy
  ✅ Strategy: Take partial profits near 103,000–104,000. Re-enter on further strength.

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🚀 Today’s Highlighted Trade Ideas

🔼 Buy Opportunities:

• GBP/JPY

• EUR/JPY (Daily trend)

• XAU/USD (Gold)

• BTC/USD

🔽 Sell Opportunities:

• USD/JPY (sell rallies)

• EUR/GBP

• NZD/CAD