📊 Technical Analysis & Trade Strategy Summary – July 8, 2025
🏦 Major Currency Pairs
EUR/USD (1.1729)
Short-term: Bearish bias / Daily: Bullish bias
✅ Strategy: Focus on selling rallies. If it fails to reclaim 1.1750, further decline likely. Watch for a break below 1.1700.
USD/JPY (146.40)
Strong bullish trend across all timeframes
✅ Strategy: Look for buying on dips. Key support around 145.80. A test of the 147.00 handle remains possible.
GBP/USD (1.3578)
Bearish on short to medium term
✅ Strategy: Consider selling near 1.3600. Watch support at 1.3520–1.3530.
AUD/USD (0.6541)
Turning bullish in short to medium term
✅ Strategy: Look to buy on dips near 0.6520–30. A break above 0.6560 could accelerate upside momentum.
USD/CAD (1.3655)
Short-term: Bullish / Daily: Slightly bearish
✅ Strategy: Sell into rallies near 1.3680–90. Observe rebound strength at 1.3600–10.
💱 Crosses & Other Assets
EUR/JPY (171.71) / GBP/JPY (198.78) / AUD/JPY (95.75)
Ongoing JPY selling trend
✅ Strategy: Continue buy-the-dip approach, led by EUR, AUD, and GBP strength.
CAD/JPY (107.22) / CHF/JPY (183.53) / NZD/JPY (88.03)
Strong bullish trend on all timeframes
✅ Strategy: Follow trend and buy on dips. NZD/JPY shows particularly strong momentum.
XAU/USD (Gold: 3,324.32)
Short to medium term bearish
✅ Strategy: Prefer selling rallies. Resistance seen at 3,330–3,340. A break below 3,310 could trigger further downside.
BTC/USD (109,010)
Strong buying bias
✅ Strategy: Buy dips as long as it holds above 108,000. Key breakout level is 111,000.
🚀 Key Trade Ideas
🔼 Long/Bullish Setups (Buy on Dips / Trend Continuation)
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USD/JPY, CAD/JPY, NZD/JPY – JPY selling trend continues
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BTC/USD, AUD/USD – Favorable dip buying opportunities
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EUR/GBP, EUR/JPY – EUR strength plays
🔽 Short/Bearish Setups (Sell on Rallies / Reversal Risk)
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EUR/USD, GBP/USD, USD/CAD – USD pairing trades
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XAU/USD – Gold likely to see selling pressure on rallies
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EUR/AUD, NZD/CAD – Signs of short-term exhaustion in EUR and NZD
