📊 Technical Analysis & Trading Strategy Summary – August 8, 2025
🏦 Major Currency Pairs
EUR/USD (1.1639)
Short-term: bearish (selling signals continue); Daily chart: bullish bias
✅ Strategy: 1.1650 is a potential sell zone. A break below 1.1600 could trigger further downside. Above 1.1670 may signal trend reversal.
USD/JPY (147.63)
Strong buy signals and stable conditions
✅ Strategy: Buy the dip around the low 147s. A break above 148.00 could accelerate upside.
GBP/USD (1.3446)
Strong bullish signals across the board
✅ Strategy: Buy on dips below 1.3400. Potential to break above 1.3500 if momentum continues.
AUD/USD (0.6522)
Lacking clear direction, but daily chart leans bullish
✅ Strategy: Maintain long if 0.6500–0.6510 holds. Below 0.6480 suggests temporary pullback.
USD/CAD (1.3731)
Bearish signals dominate
✅ Strategy: Maintain a sell-on-rally approach. Stops recommended above 1.3750.
💱 Crosses and Other Assets
EUR/JPY (171.83)
Strong bullish trend continuation
✅ Strategy: Stay long above 171.00. A push into 172.00s is possible.
GBP/JPY (198.50)
Strong bullish signals across all timeframes
✅ Strategy: Hold longs above 198.00. Watch for pullback if it drops below 197.80.
AUD/JPY (96.28)
Firm bullish trend supported by AUD strength
✅ Strategy: Breakout above 96.50 accelerates upside. Below 95.80, consider stepping aside.
CAD/JPY (107.53)
Short-term bullish; daily trend flat
✅ Strategy: Stay long if 107.80 breaks. Caution if it dips below 107.00.
CHF/JPY (182.65)
Medium-term trend firm, but facing resistance on the daily chart
✅ Strategy: Watch for a break above 183.00. Below 182.00 suggests short-term correction.
🪙 Commodities & Crypto
XAU/USD (Gold: 3,400.60)
Bullish signals on all timeframes
✅ Strategy: 3,390–3,410 is the key resistance zone. Take profit if price falls below 3,380.
BTC/USD (116,760)
Daily chart remains bullish; short-term correction possible
✅ Strategy: Trend continues above 117,000. Drop below 115,000 warrants caution.
🚀 Highlighted Trade Setups
🔼 Buy on Dips / Continuation Longs
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GBP/USD, EUR/JPY, GBP/JPY, AUD/JPY (Crosses showing strength)
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XAU/USD, USD/JPY (Risk-on supported safe havens)
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BTC/USD (Bullish bias remains in the medium term)
🔽 Sell on Rallies / Short-Term Shorts
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USD/CAD, EUR/USD (Both remain in sell zones short-term)
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NZD/CAD, EUR/AUD (Broad-based weakness continues)
📌 Key Technical Levels to Watch
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EUR/USD: Watch 1.1650–70 for selling pressure; 1.1600 as key support
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USD/JPY: 147.20–30 ideal for buying dips; breakout above 148.00 strengthens the uptrend
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XAU/USD: Monitor heavy resistance around 3,410–3,420; downside risk below 3,380
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BTC/USD: Bullish above 117,000; a break below 115,000 suggests caution is needed
