π Technical Analysis & Trade Strategy Summary β Monday, May 12, 2025
π¦ Major Currency Pairs
EUR/USD (1.1085)
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All timeframes: Strong Sell
β Strategy: Continue selling on rallies. Maintain bearish view unless price recovers above 1.1100.
USD/JPY (148.37)
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All timeframes: Strong Buy
β Strategy: Continue buying on dips while above 148.00.
GBP/USD (1.3146)
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5mβ1H: Strong Sell / Daily: Sell
β Strategy: Entering a correction phase. Sell on rallies above 1.3180.
AUD/USD (0.6386)
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All timeframes: Strong Sell to Sell
β Strategy: Upside likely limited. Look to sell again near 0.6400.
USD/CAD (1.3979)
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5mβ1H: Strong Buy / Daily: Buy
β Strategy: Despite resistance near 1.4000, the uptrend remains intact. Buy dips.
USD/CHF (0.8464)
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All timeframes: Strong Buy to Buy
β Strategy: Maintain buy bias while holding above 0.8400β0.8450.
USD/NZD (1.7049)
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All timeframes: Strong Buy
β Strategy: Trend remains strong. Stay bullish as long as above 1.7000.
π± Cross Yen Pairs
EUR/JPY (164.48)
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5m: Neutral / Others: Strong Buy
β Strategy: Buy dips while holding above 164.00.
GBP/JPY (195.05)
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5m: Sell / Others: Strong Buy
β Strategy: Buy dips after breakout above 195.00. Watch for short-term pullbacks.
AUD/JPY (94.74)
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5m: Neutral / Others: Strong Buy
β Strategy: Buy on dips while above 94.50.
CAD/JPY (106.15)
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All timeframes: Strong Buy
β Strategy: Buy near 106.00β106.20 with continued bullish expectations.
CHF/JPY (175.31)
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All timeframes: Strong Buy
β Strategy: Uptrend in play. Look to buy dips aggressively.
π Other Assets
XAU/USD (Gold) β 3,212.31
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5mβ1H: Strong Sell / Daily: Neutral
β Strategy: Short-term selling favored. Stay bearish while under $3,230; break below $3,200 strengthens downtrend.
NZD/JPY (87.03)
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5m: Sell / Others: Strong Buy
β Strategy: Look for dip-buying opportunities near 86.80β87.00 support.
EUR/GBP (0.8432)
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All timeframes: Strong Sell Bias
β Strategy: Sell on rallies. Watch resistance around 0.8450.
EUR/AUD (1.7360)
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All timeframes: Strong Sell
β Strategy: Sell again near 1.7400. Clear downtrend continues.
NZD/CAD (0.8199)
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All timeframes: Strong Sell
β Strategy: Maintain sell bias. Stay cautious unless price breaks above 0.8220.
BTC/USD (104,370.0)
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5mβ15m: Sell / 1HβDaily: Buy to Strong Buy
β Strategy: Consider buying dips around 103,500β104,000. Look for a resumption of the uptrend.
π Highlighted Trade Setups
πΌ Buy Opportunities:
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USD/JPY
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USD/CAD
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USD/NZD
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GBP/JPY
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CAD/JPY
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BTC/USD (buy the dip)
π½ Sell Opportunities:
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EUR/USD
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GBP/USD
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AUD/USD
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EUR/AUD
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NZD/CAD