📊 Technical Analysis & Trade Strategy Summary – Thursday, May 8, 2025

 

📊 Technical Analysis & Trade Strategy Summary – Thursday, May 8, 2025

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🏦 Major Currency Pairs

EUR/USD (1.1289)

• 5m–1H: Strong Sell / Daily: Neutral
  ✅ Strategy: Bearish bias remains. A break below 1.1270 could accelerate selling, but watch for bounce near daily support.

USD/JPY (144.75)

• 15m–1H: Strong Buy / Daily: Buy
  ✅ Strategy: Resistance remains between 144.50–145.00. A breakout above 145.20 may confirm upward trend. Buy dips.

GBP/USD (1.3289)

• 5m–1H: Mixed (Buy to Strong Sell) / Daily: Neutral
  ✅ Strategy: Mid-term bullish bias. Look for dip-buying around 1.3250–1.3300.

AUD/USD (0.6421)

• 5m–1H: Strong Sell / Daily: Strong Buy
  ✅ Strategy: 0.6400 is key support. Maintain bullish outlook if it holds; exit on breakdown.

USD/CAD (1.3874)

• 15m–1H: Buy / Daily: Neutral
  ✅ Strategy: Short-term bullish. Break above 1.3900 could trigger accelerated gains.

USD/CHF (0.8257)

• 5m–15m: Buy / Daily: Sell
  ✅ Strategy: Heavy resistance at 0.8280. Caution on pullbacks from this level.

USD/NZD (1.6859)

• 1H: Strong Buy / Daily: Neutral
  ✅ Strategy: Uptrend in play. Can follow breakout above 1.6880, but be cautious in high zones.

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💱 Cross Yen Pairs

EUR/JPY (163.40)

• 15m–Daily: Strong Buy
  ✅ Strategy: Continue buying dips. Hold long above 163.00.

GBP/JPY (192.36)

• All Timeframes: Strong Buy
  ✅ Strategy: Targeting a break above 193. Buy the dips.

AUD/JPY (92.93)

• All Timeframes: Strong Buy
  ✅ Strategy: Target 93.50. Stay with the bullish trend.

CAD/JPY (104.34)

• 15m–Daily: Strong Buy
  ✅ Strategy: Buy dips. Exit below 104.00.

CHF/JPY (175.29)

• 15m–Daily: Strong Buy
  ✅ Strategy: Hold long while above 175.00 support.

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🌟 Other Assets

XAU/USD (Gold) – 3,341.73

• 1H: Strong Sell / Daily: Strong Buy
  ✅ Strategy: Favor daily timeframe. Look for buying opportunities around $3,330–3,320.

NZD/JPY (85.86)

• All Timeframes: Strong Buy
  ✅ Strategy: Stay long as long as price remains above 85.

EUR/GBP (0.8495)

• 5m–1H: Strong Sell / Daily: Sell
  ✅ Strategy: Sell on rallies. Cut positions if price breaks above 0.8505.

EUR/AUD (1.7582)

• 1H: Strong Buy / Daily: Neutral
  ✅ Strategy: Long setups above 1.7600 in focus.

NZD/CAD (0.8229)

• 5m–15m: Buy / 1H: Sell
  ✅ Strategy: Mixed signals. Watch for clarity above 0.8240.

BTC/USD (99,830.0)

• All Timeframes: Strong Buy
  ✅ Strategy: Strong bullish trend continues. Psychological resistance near $100,000 — consider partial profit-taking.

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🚀 Today’s Trade Focus

🔼 Buy Opportunities

• GBP/JPY, AUD/JPY, NZD/JPY
• EUR/JPY (buy on dip)
• BTC/USD

🔽 Sell Opportunities

• EUR/USD
• USD/NZD
• EUR/GBP (sell on rally)