Technical Analysis – January 17, 2025
Strength Overview (Ranked by Trading Volume/Liquidity)
EUR/USD
- 5-min Chart: Neutral
- 15-min Chart: Strong Buy
- 1-hour Chart: Buy
- Daily Chart: Strong Sell
USD/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Neutral
- Daily Chart: Neutral
GBP/USD
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
AUD/USD
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
USD/CAD
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Buy
USD/CHF
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Buy
- Daily Chart: Buy
USD/NZD
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Buy
EUR/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Sell
- 1-hour Chart: Neutral
- 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: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
CAD/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
CHF/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Sell
XAU/USD (Gold)
- 5-min Chart: Strong Buy
- 15-min Chart: Buy
- 1-hour Chart: Neutral
- Daily Chart: Strong Buy
NZD/JPY
- 5-min Chart: Strong Sell
- 15-min Chart: Strong 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 Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Neutral
NZD/CAD
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Sell
BTC/USD (Bitcoin)
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Buy
Key Observations and Analysis
Short-Term Charts (5-min and 15-min)
- USD/CAD, USD/NZD, and BTC/USD show strong short-term buying momentum.
- EUR/USD and Gold (XAU/USD) are either neutral or lean towards buying.
- Yen pairs (USD/JPY, EUR/JPY, GBP/JPY) exhibit continued short-term weakness.
1-Hour Charts
- USD/CAD, USD/NZD, and EUR/AUD remain strong buy signals.
- GBP/USD, AUD/USD, and yen pairs maintain a strong sell bias.
Daily Charts
- USD/CAD, USD/NZD, and BTC/USD hold strong buy trends.
- EUR/USD, GBP/USD, and AUD/USD continue to show bearish pressure.
Summary
- Short-Term Strength: Dominates in USD/CAD, USD/NZD, and BTC/USD, reflecting risk-on sentiment and a preference for these assets.
- Yen Pairs: Persistent weakness across all timeframes indicates strong selling pressure.
- Gold: Daily and short-term charts suggest continued bullish potential.
- BTC/USD: Strong buy signals across all timeframes highlight sustained bullish momentum.
Monitor key levels and align strategies to leverage prevailing trends effectively.
