Technical Analysis – January 8, 2025
Strength/Weakness Overview (By Liquidity)
EUR/USD
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Strong Sell
USD/JPY
- 5-Minute: Strong Buy
- 15-Minute: Strong Buy
- 1-Hour: Strong Buy
- Daily: Strong Buy
GBP/USD
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Strong Sell
AUD/USD
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Strong Sell
USD/CAD
- 5-Minute: Strong Buy
- 15-Minute: Strong Buy
- 1-Hour: Strong Buy
- Daily: Strong Buy
USD/CHF
- 5-Minute: Buy
- 15-Minute: Strong Buy
- 1-Hour: Strong Buy
- Daily: Strong Buy
USD/NZD
- 5-Minute: Strong Buy
- 15-Minute: Strong Buy
- 1-Hour: Strong Buy
- Daily: Strong Buy
EUR/JPY
- 5-Minute: Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Neutral
GBP/JPY
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Strong Sell
AUD/JPY
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Neutral
CAD/JPY
- 5-Minute: Sell
- 15-Minute: Strong Sell
- 1-Hour: Neutral
- Daily: Strong Buy
CHF/JPY
- 5-Minute: Neutral
- 15-Minute: Buy
- 1-Hour: Strong Sell
- Daily: Neutral
XAU/USD (Gold)
- 5-Minute: Sell
- 15-Minute: Strong Sell
- 1-Hour: Neutral
- Daily: Strong Buy
NZD/JPY
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Neutral
EUR/GBP
- 5-Minute: Strong Buy
- 15-Minute: Strong Buy
- 1-Hour: Strong Buy
- Daily: Strong Buy
EUR/AUD
- 5-Minute: Strong Buy
- 15-Minute: Strong Buy
- 1-Hour: Strong Buy
- Daily: Neutral
NZD/CAD
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Strong Sell
BTC/USD
- 5-Minute: Strong Sell
- 15-Minute: Strong Sell
- 1-Hour: Strong Sell
- Daily: Sell
Highlights and Analysis
Short-Term Trends (5-Minute, 15-Minute)
- USD-Pairs: Strong buying signals persist across USD/JPY, USD/CAD, USD/CHF, and USD/NZD.
- Major Pairs: EUR/USD, GBP/USD, AUD/USD continue showing strong sell momentum.
- Gold (XAU/USD): Weakness dominates in the short term.
Medium-Term Trends (1-Hour)
- USD/JPY, USD/CAD, USD/CHF: Maintain strong buy signals.
- JPY-Pairs: EUR/JPY, GBP/JPY, and AUD/JPY exhibit strong selling pressures.
Long-Term Trends (Daily)
- USD/CAD, USD/CHF, XAU/USD (Gold): Strong buy momentum persists, indicating potential for sustained gains.
- EUR/USD, GBP/USD, AUD/USD: Weakness across these pairs suggests a continued bearish outlook.
Market Outlook
- Strong USD Dominance: USD remains resilient across the board, supported by strong technical indicators in both short and medium terms.
- JPY Strength Short-Term: JPY shows signs of strength, particularly against EUR, GBP, and AUD.
- Gold Recovery: Despite short-term weakness, Gold’s daily trend suggests a potential long-term rally.
- Crypto Weakness: BTC/USD shows persistent sell signals, reflecting a bearish sentiment.
This analysis provides a snapshot of the technical trends and strengths across major pairs and instruments, offering guidance for trading strategies.
