Technical Analysis – January 13, 2025
Strength Overview (Ranked by Trading Volume/Liquidity)
EUR/USD
- 5-min Chart: Strong Buy
- 15-min Chart: Neutral
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
USD/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Buy
GBP/USD
- 5-min Chart: Strong Buy
- 15-min Chart: Neutral
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
AUD/USD
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Neutral
- Daily Chart: Strong Sell
USD/CAD
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Sell
- Daily Chart: Strong Buy
USD/CHF
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Sell
- Daily Chart: Strong Buy
USD/NZD
- 5-min Chart: Strong Sell
- 15-min Chart: Sell
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Buy
EUR/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
GBP/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
AUD/JPY
- 5-min Chart: Buy
- 15-min Chart: Neutral
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
CAD/JPY
- 5-min Chart: Strong Buy
- 15-min Chart: Neutral
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
CHF/JPY
- 5-min Chart: Strong Buy
- 15-min Chart: Neutral
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
XAU/USD (Gold)
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Buy
NZD/JPY
- 5-min Chart: Buy
- 15-min Chart: Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
EUR/GBP
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Buy
EUR/AUD
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Sell
NZD/CAD
- 5-min Chart: Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
BTC/USD (Bitcoin)
- 5-min Chart: Buy
- 15-min Chart: Neutral
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
Key Observations and Analysis
Short-Term Charts (5-min and 15-min)
- EUR/USD, GBP/USD, and AUD/USD show short-term Strong Buy signals, indicating risk-on sentiment.
- Yen pairs (USD/JPY, EUR/JPY, GBP/JPY) continue to show Strong Sell trends.
1-Hour Charts
- USD/NZD and EUR/GBP display Strong Buy signals.
- Gold (XAU/USD) and yen-related pairs remain weak.
Daily Charts
- USD/CAD, USD/CHF, and Gold (XAU/USD) maintain Strong Buy trends.
- EUR/USD, GBP/USD, and AUD/USD remain weak with Strong Sell trends.
Summary
The market reflects contrasting trends across different timeframes.
- Short-term strength in risk-on pairs like EUR/USD, GBP/USD, and AUD/USD suggests active buying sentiment.
- Yen-related pairs continue to show pronounced weakness across all timeframes.
- Gold remains strong on daily charts, presenting potential buying opportunities in the medium to long term.
- Bitcoin exhibits mixed signals, with strength on the 5-min chart but persistent weakness on higher timeframes.
Monitor price action closely to align entries with key levels.
