📊 Technical Analysis & Trade Strategy Summary (Wednesday, April 23, 2025)

 

📊 Technical Analysis & Trade Strategy Summary (Wednesday, April 23, 2025)

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🏦 Major Currency Pairs

EUR/USD (1.1402)

• 📉 Short-term: Strong sell / 📈 Daily: Strong buy
  ✅ Strategy: Long bias continues as long as 1.1380 support holds. Resistance at 1.1450–60.

USD/JPY (141.86)

• 📊 Mixed: Short- to mid-term buying, daily shows strong sell
  ✅ Strategy: Watch 141.50 as a stop level; consider dip buying up to 142.20.

GBP/USD (1.3305)

• 📉 Short-term: Strong sell / 📈 Daily: Strong buy
  ✅ Strategy: If it holds above 1.3280, expect rebound. Re-enter long above 1.3350.

AUD/USD (0.6409)

• 📉 Short-term: Strong sell / 📈 Mid- to long-term: Strong buy
  ✅ Strategy: Buy on dips if 0.6380 holds. Target: 0.6450–0.6480.

USD/CAD (1.3817)

• 📈 Short-term: Bullish / 📉 Long-term: Strong sell
  ✅ Strategy: Bias turns bearish again if it fails to break 1.3850.

USD/CHF (0.8233)

• 📈 Short-term: Strong buy / 📉 Daily: Strong sell
  ✅ Strategy: Resistance at 0.8250. A break above could target 0.8300.

USD/NZD (1.6702)

• 📉 All timeframes beyond hourly show strong selling
  ✅ Strategy: 1.6740 is the key resistance zone. Maintain short bias.

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💱 Cross Yen Pairs

EUR/JPY (161.75)

• 📉 Short-term: Slight weakness / 📈 Long-term: Bullish
  ✅ Strategy: Watch for potential bounce around 161. Buy cautiously.

GBP/JPY (188.74)

• ❌ Overall: Bearish
  ✅ Strategy: Maintain sell bias. Resistance at 189.20 is heavy.

AUD/JPY (90.87)

• 📊 Mixed: Short-term sell / Hourly: Strong buy
  ✅ Strategy: If it fails to break above 91, consider selling again.

CAD/JPY (102.67)

• 📈 Hourly: Strong buy / 📉 Daily: Strong sell
  ✅ Strategy: Turn bullish above 103. Caution if it drops below 102.

CHF/JPY (172.31)

• ❌ Overall: Bearish (leaning neutral)
  ✅ Strategy: A break below 171.50 could lead to further decline.

NZD/JPY (84.90)

• 📊 Mixed: Weak short-term, bullish mid-term
  ✅ Strategy: Break above 85.00 would accelerate buying momentum.

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🌟 Other Assets

XAU/USD (Gold) – 3,329.98

• ✅ Mid- to long-term: Strong buy
  ✅ Strategy: Buy dips near 3,310–3,320. Target 3,360+, then 3,400.

EUR/GBP (0.8571)

• 📈 Short-term: Strong buy / 📊 Mid-term: Neutral
  ✅ Strategy: Next breakout target is 0.8600. Buy on dips.

EUR/AUD (1.7797)

• 📉 Short-term: Sell / 📈 Daily: Bullish
  ✅ Strategy: Bearish below 1.7760; rebound may offer long opportunity.

NZD/CAD (0.8271)

• 📈 Strong buy from hourly onward
  ✅ Strategy: Buy on dips above 0.8250.

BTC/USD (93,441.0)

• 📈 Daily: Strong buy / 📉 Short-term: Sell
  ✅ Strategy: Long bias above 93,000. A breakout above 94,500 targets 95,800.

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✅ Strategy Summary (April 23, 2025)

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🔼 Long-Focused (Bullish Bias)

• EUR/USD (mid- to long-term)
• XAU/USD (Gold), BTC/USD
• EUR/AUD, NZD/CAD
• USD/CHF (short-term), CAD/JPY (mid-term)

🔽 Short-Focused (Bearish Bias)

• GBP/JPY, AUD/JPY, CAD/JPY (long-term)
• USD/NZD, CHF/JPY
• GBP/USD & AUD/USD (short-term only)

⚖️ Pairs Requiring Mixed Timeframe Strategy

• EUR/JPY, USD/CAD, EUR/GBP, EUR/AUD, BTC/USD
  → Different strategies for scalping vs. swing trading.