Technical Analysis – January 22, 2025
Currency and Commodity Strength/Weakness Overview
(Sorted by trading volume and liquidity)
Strength/Weakness Ranking (By Volume)
EUR/USD
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Buy
- Daily: Buy
USD/JPY
- 5-min: Strong Sell
- 15-min: Buy
- 1-hour: Buy
- Daily: Neutral
GBP/USD
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Neutral
AUD/USD
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Buy
USD/CAD
- 5-min: Strong Sell
- 15-min: Neutral
- 1-hour: Sell
- Daily: Sell
USD/CHF
- 5-min: Strong Sell
- 15-min: Neutral
- 1-hour: Strong Sell
- Daily: Sell
USD/NZD
- 5-min: Strong Sell
- 15-min: Strong Sell
- 1-hour: Sell
- Daily: Sell
EUR/JPY
- 5-min: Neutral
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Strong Buy
GBP/JPY
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Sell
AUD/JPY
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Buy
CAD/JPY
- 5-min: Sell
- 15-min: Strong Sell
- 1-hour: Buy
- Daily: Strong Sell
CHF/JPY
- 5-min: Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Neutral
XAU/USD (Gold)
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Strong Buy
NZD/JPY
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Neutral
EUR/GBP
- 5-min: Strong Sell
- 15-min: Strong Sell
- 1-hour: Sell
- Daily: Strong Buy
EUR/AUD
- 5-min: Strong Sell
- 15-min: Strong Sell
- 1-hour: Strong Sell
- Daily: Strong Buy
NZD/CAD
- 5-min: Strong Buy
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Buy
BTC/USD (Bitcoin)
- 5-min: Strong Sell
- 15-min: Strong Sell
- 1-hour: Neutral
- Daily: Strong Buy
Key Observations and Analysis
Short-Term Trends (5-min, 15-min)
- Strong Buy: EUR/USD, GBP/USD, AUD/USD, XAU/USD indicate a clear risk-on sentiment.
- Weakness: USD/CAD, USD/CHF, USD/NZD maintain downward pressure.
1-Hour Trends
- Strong Momentum: EUR/USD, GBP/USD, AUD/USD, XAU/USD exhibit persistent bullish signals.
- Weakened Pairs: USD/CAD, USD/CHF, EUR/GBP show continued selling pressure.
Daily Trends
- Sustained Strength: EUR/USD, AUD/USD, XAU/USD, and NZD/CAD highlight strong longer-term buy potential.
- Mixed Outlook: EUR/JPY and GBP/JPY show strength in shorter timeframes but hint at possible reversals.
Conclusion
- Focus Areas:
- Strong bullish trends in EUR/USD, GBP/USD, AUD/USD, and XAU/USD offer prime trading opportunities.
- Weakness in USD/CAD and USD/CHF provides potential for short-selling.
- Bitcoin Analysis:
- While daily signals remain bullish, short-term selling pressure suggests potential for corrections or entry points on pullbacks.
Careful risk management and adaptability to market dynamics are recommended, especially with high-impact events on the horizon.
