📊 Technical Analysis & Trade Strategy Summary – May 29, 2025 (Afternoon Update)

📊 Technical Analysis & Trade Strategy Summary – May 29, 2025 (Afternoon Update)
🏦 Major Currency Pairs
EUR/USD (1.1289)
Short to Medium Term: Strong uptrend continues
✅ Strategy: 1.1270 acts as a key support for dip buying. Break above 1.1320–30 could open further upside potential.
USD/JPY (144.95)
Short Term: Strong bearish pressure / Daily: Neutral
✅ Strategy: Look for selling opportunities on rallies near 145.00. Support lies around 143.80–144.00.
GBP/USD (1.3475)
All Timeframes: Stable strong uptrend
✅ Strategy: 1.3440–50 serves as a support zone. Targets are 1.3510 and then 1.3550.
AUD/USD (0.6442)
Short Term: Mixed / Medium Term: Bullish
✅ Strategy: As long as 0.6420 holds, buying can continue. Watch for resistance around 0.6470.
USD/CAD (1.3826)
Short Term: Bullish / Medium to Long Term: Turning bearish
✅ Strategy: 1.3840 is a heavy resistance. A break below 1.3780 may trigger further downside.
💱 Crosses & Other Assets
EUR/JPY (163.64) / GBP/JPY (195.34) / CAD/JPY (104.86)
Short Term: Weak bias / Daily: Still supported
✅ Strategy: Long-term bias remains upward, but short-term selling pressure warrants caution on dips.
CHF/JPY (175.11)
All Timeframes: Strong bullish trend
✅ Strategy: Sustaining above 175.00 could lead to new highs. Ideal dip buying around 174.60.
XAU/USD (Gold: 3,300.03)
Overall: Maintains bullish momentum
✅ Strategy: Strong support seen at 3,280–3,290. A breakout above 3,330 may lead to further upside.
BTC/USD (108,650)
All Timeframes: Strong bullish trend
✅ Strategy: Dip buying remains valid above 108,000. Consider taking profit near 109,500–110,000.
🚀 Highlighted Strategies
🔼 Buy Opportunities (Dip Buying / Trend Continuation)
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EUR/USD (Mid-to-long term trend)
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GBP/USD (Ongoing strong trend)
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CHF/JPY, NZD/CAD (Bullish on all timeframes)
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XAU/USD, BTC/USD (Medium-term uptrend)
🔽 Sell Opportunities (Rally Selling / Short-Term)
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USD/JPY (Sell around 145.00)
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USD/CAD (Short-term pullback setup)
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Cross/JPY (Short-term selling pressure across the board)