📊 Technical Analysis & Trade Strategy Summary – Wednesday, May 7, 2025

📊 Technical Analysis & Trade Strategy Summary – Wednesday, May 7, 2025

🏦 Major Currency Pairs

EUR/USD (1.1365)

• All timeframes: Strong Buy
  ✅ Strategy: Uptrend across all timeframes. Continue buying dips while defending 1.1350.

USD/JPY (143.27)

• 5m–1H: Bullish Bias / Daily: Neutral
  ✅ Strategy: Caution on short-term pullback. Buy on break above 143.50; watch for downside break below 142.80.

GBP/USD (1.3349)

• All timeframes: Buy Bias
  ✅ Strategy: Uptrend remains intact. Favor buying dips as long as 1.3300 holds.

AUD/USD (0.6476)

• Short-term: Neutral to Bearish / Daily: Strong Buy
  ✅ Strategy: 0.6450 is the key support pivot. Stay cautious if it breaks; otherwise, buy-on-dips bias continues on daily trend.

USD/CAD (1.3794)

• Short-term: Bearish / Daily: Strong Bearish
  ✅ Strategy: Maintain downside bias. Sell if price breaks below 1.3780–1.3800 support zone.

USD/CHF (0.8240)

• All timeframes: Bearish Bias
  ✅ Strategy: Favor selling on rallies. 0.8260 acts as upside resistance.

USD/NZD (1.6695)

• Short-term: Bullish / Daily: Strong Bearish
  ✅ Strategy: Mixed trend. Favor short positions mid-term. Take profits on longs above 1.6720.

💱 Cross Yen Pairs

EUR/JPY (162.82)

• All timeframes: Bullish Bias
  ✅ Strategy: Buy the dip. Stay long while above 162.50.

GBP/JPY (191.25)

• Short-term: Strong Buy / Daily: Neutral
  ✅ Strategy: Bullish above 191.00. Stay long unless price breaks below 190.50.

AUD/JPY (92.77)

• Short-term & Daily: Buy
  ✅ Strategy: Look to buy dips toward 93.00. Exit below 92.40.

CAD/JPY (103.87)

• Overall: Mild Buy Bias
  ✅ Strategy: Range-bound. Turn bullish on breakout above 104.00.

CHF/JPY (173.87)

• All timeframes: Strong Buy
  ✅ Strategy: Continue buying dips. Bullish as long as 173.50 holds.

🌟 Other Assets

XAU/USD (Gold) – 3,390.73

• All timeframes: Strong Buy
  ✅ Strategy: Targeting a breakout above $3,400. Maintain buy-on-dips stance.

BTC/USD (Bitcoin) – 97,167.0

• All timeframes: Strong Buy
  ✅ Strategy: Continue to buy dips in this high zone. $95,000–$96,000 is key support.

🚀 Today’s Trade Focus

🔼 Buy Candidates

• EUR/USD (Strong across all timeframes)
• GBP/USD (Buy dips as long as 1.3300 holds)
• EUR/JPY, XAU/USD (Gold): Buy on dips
• BTC/USD (Clear support zone)

🔽 Sell Candidates

• USD/CAD (Downtrend continuation)
• USD/CHF (Sell on rallies)
• USD/NZD (Bearish on daily chart)