๐ Technical Analysis & Trade Strategy Summary โ Friday, May 16, 2025
๐ฆ Major Currency Pairs
EUR/USD (1.1201)
- Short-term to 1H: Buy to Strong Buy ๏ผ Daily: Neutral
โ Strategy: Resistance expected near the 1.1220 zone. Favor dip buying in the short term; consider profit-taking on the daily view.
USD/JPY (145.54)
- 5min & 15min: Strong Buy ๏ผ 1H & Daily: Neutral
โ Strategy: Short-term uptrend remains intact. Consider taking profits below 146; buy dips as long as 1H structure holds.
GBP/USD (1.3293)
- Short-term to 1H: Bearish ๏ผ Daily: Neutral
โ Strategy: Favor selling on rallies. Watch for resistance near 1.3310โ20; 1.3240 may serve as support.
AUD/USD (0.6421)
- Short-term: Bearish ๏ผ Daily: Neutral
โ Strategy: Weakness persists. Caution on rallies above 0.6430. Be selective with dip buying.
USD/CAD (1.3957)
- All timeframes: Directionless to Bearish
โ Strategy: 1.3980 is a sell-on-rally level. A break below 1.3930 may trigger stronger selling.
USD/CHF (0.8367)
- 5min to 1H: Strong Buy ๏ผ Daily: Neutral
โ Strategy: Maintain long bias. Resistance around 0.8390โ0.8400; watch for breakout timing.
USD/NZD (1.6933)
- 5min to 15min: Bullish ๏ผ 1H to Daily: Bearish
โ Strategy: Look to sell rallies between 1.6950โ1.6980. Prioritize taking profits on short-term strength.
๐ฑ Cross Yen Pairs
EUR/JPY (163.01)
- 5min to 1H: Bullish ๏ผ Daily: Neutral
โ Strategy: Continue buying dips. Take profits near 163.50; support seen at 162.50.
GBP/JPY (193.47)
- Short-term: Buy to Strong Buy ๏ผ 1H: Sell ๏ผ Daily: Strong Buy
โ Strategy: Dips likely to be supported. A break above 194.00 signals continuation of the uptrend.
AUD/JPY (93.45)
- Short-term: Bullish ๏ผ 1HโDaily: Neutral
โ Strategy: Consider follow-through buying above 93.70. Support near 93.10.
CAD/JPY (104.28)
- Short-term: Bullish ๏ผ Daily: Neutral
โ Strategy: Break above 104.50 may trigger acceleration. Favor buying on dips.
CHF/JPY (173.93)
- All timeframes: Bearish
โ Strategy: Sell on rallies. Heavy resistance at 174.50; break below 173.00 could lead to further downside.
๐ Other Assets
XAU/USD (Gold) โ 3,177.93
- All timeframes: Bearish
โ Strategy: Continue selling on rallies. Strong resistance at 3,190; a break below 3,160 could trigger further decline.
NZD/JPY (85.94)
- Short-term: Bullish ๏ผ Daily: Neutral
โ Strategy: Resistance at 86.20. Buy dips around the 85.60 support zone.
EUR/GBP (0.8426)
- Short-term: Strong Buy ๏ผ Daily: Strong Sell
โ Strategy: Resistance at 0.8450. Prioritize taking profits; consider medium- to long-term short setups.
EUR/AUD (1.7444)
- Short-term: Buy ๏ผ 1H to Daily: Weak
โ Strategy: Bullish bias up to 1.7480. If not broken, prioritize profit-taking.
NZD/CAD (0.8242)
- 5min to 1H: Buy to Strong Buy ๏ผ Daily: Neutral
โ Strategy: Continue buying with a target above 0.8250. Support seen near 0.8210.
BTC/USD (103,760)
- All timeframes: Buy to Strong Buy
โ Strategy: Break above 104,000 signals renewed rally. Support zone around 102,800โ103,000.
๐ Focus Strategy Summary (Later Session โ May 16, 2025)
๐ผ Bullish Bias (Buy on Dips or Trend Continuation)
- USD/JPY (Short-Term)
- USD/CHF
- EUR/JPY
- GBP/JPY (Buy on Dips)
- BTC/USD
- NZD/CAD
๐ฝ Bearish Bias (Sell on Rallies / Reversal Risk)
- GBP/USD
- AUD/USD
- XAU/USD (Gold)
- CHF/JPY
- EUR/GBP (Mid-to-Long Term)
