Technical Analysis – February 7, 2025

Technical Analysis – February 7, 2025

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📊 Strength & Weakness Analysis – FX, Crypto, and Metals (Ranked by Trading Volume)

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📌 Strength & Weakness Overview

Major Currency Pairs

EUR/USD
📉 5-Min Chart: Sell
📉 15-Min Chart: Strong Sell
📉 1-Hour Chart: Strong Sell
🔄 Daily Chart: Neutral

USD/JPY
🔄 5-Min Chart: Neutral
📈 15-Min Chart: Buy
📈 1-Hour Chart: Buy
📉 Daily Chart: Strong Sell

GBP/USD
📉 5-Min Chart: Strong Sell
📉 15-Min Chart: Strong Sell
📈 1-Hour Chart: Buy
🔄 Daily Chart: Neutral

AUD/USD
📉 5-Min Chart: Sell
📉 15-Min Chart: Strong Sell
📉 1-Hour Chart: Sell
📈 Daily Chart: Strong Buy

USD/CAD
📈 5-Min Chart: Strong Buy
📈 15-Min Chart: Strong Buy
📈 1-Hour Chart: Strong Buy
🔄 Daily Chart: Neutral

USD/CHF
📈 5-Min Chart: Strong Buy
📈 15-Min Chart: Strong Buy
📈 1-Hour Chart: Strong Buy
📈 Daily Chart: Buy

USD/NZD
📈 5-Min Chart: Strong Buy
📈 15-Min Chart: Strong Buy
📈 1-Hour Chart: Buy
📉 Daily Chart: Sell

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Cross Yen Pairs

EUR/JPY
📉 5-Min Chart: Sell
📉 15-Min Chart: Strong Sell
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

GBP/JPY
🔄 5-Min Chart: Neutral
📉 15-Min Chart: Sell
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

AUD/JPY
📉 5-Min Chart: Strong Sell
📉 15-Min Chart: Strong Sell
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

CAD/JPY
📉 5-Min Chart: Strong Sell
📉 15-Min Chart: Strong Sell
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

CHF/JPY
📉 5-Min Chart: Strong Sell
📉 15-Min Chart: Strong Sell
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

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Other Assets

XAU/USD (Gold)
📉 5-Min Chart: Strong Sell
📉 15-Min Chart: Strong Sell
🔄 1-Hour Chart: Neutral
📈 Daily Chart: Strong Buy

NZD/JPY
📉 5-Min Chart: Sell
📉 15-Min Chart: Strong Sell
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

EUR/GBP
🔄 5-Min Chart: Neutral
📉 15-Min Chart: Strong Sell
📉 1-Hour Chart: Strong Sell
📉 Daily Chart: Strong Sell

EUR/AUD
🔄 5-Min Chart: Neutral
🔄 15-Min Chart: Neutral
🔄 1-Hour Chart: Neutral
📉 Daily Chart: Strong Sell

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 Sell

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📌 Key Observations & Analysis

Short-Term Trends (5-Min & 15-Min Charts)

• EUR/USD, GBP/USD, EUR/JPY, GBP/JPY are under strong selling pressure.
  → USD and JPY are relatively strong, while European currencies are being sold off.
• USD/CHF, USD/NZD, and BTC/USD are showing strong buying pressure.
  → USD is strengthening against CHF and NZD.
  → Bitcoin is showing a strong short-term uptrend.
• XAU/USD (Gold) faces selling pressure in the short term.
  → This could be a temporary correction or the start of a new trend.

1-Hour Chart Trends

• EUR/USD, GBP/USD, EUR/JPY, GBP/JPY remain weak.
  → Potential for continued weakness in European currencies.
• USD/JPY and USD/NZD show buying pressure, XAU/USD (Gold) is neutral.
  → USD/JPY is rising, and NZD is gaining against USD.
• BTC/USD (Bitcoin) continues its strong buy momentum.
  → Upward momentum remains intact, but caution is needed on the daily chart.

Daily Chart Trends

• XAU/USD (Gold) maintains a strong buy trend.
  → Continued capital inflows into gold due to safe-haven demand.
• EUR/USD, GBP/USD, AUD/USD, EUR/JPY, GBP/JPY remain bearish.
  → USD is broadly strong, pressuring euro, pound, and Australian dollar.
• BTC/USD (Bitcoin) remains a strong sell on the daily chart.
  → Short-term buying pressure is strong, but long-term direction remains uncertain.

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🚀 Summary & Recommendations

📈 Assets Showing Strong Buying Pressure

• USD/CHF, USD/NZD, BTC/USD
  → USD is strengthening, particularly against CHF and NZD.
  → Bitcoin continues its short-term uptrend.

📉 Assets Under Strong Selling Pressure

• EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, CHF/JPY
  → European currencies and yen are under selling pressure.
• EUR/AUD, NZD/CAD
  → Euro and NZD remain weak in cross pairs.

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🎯 Trading Strategy

📌 Short-Term Trades:

• Buy USD/CHF, USD/NZD → Ride the USD strength.
• Sell EUR/USD, GBP/USD on rebounds → Follow the USD buying trend.
• Buy USD/JPY → Short-term yen weakness likely.
• Long BTC/USD short-term → Strong buying pressure, but caution needed on the daily chart.

📌 Medium-Term Trades:

• Buy Gold (XAU/USD) on dips → Utilize long-term capital inflows.
• Sell EUR/JPY, GBP/JPY on rebounds → Align with yen-buying trends.

📌 Long-Term Trades:

• Be cautious with BTC/USD dip buying → Further confirmation needed for sustained uptrend.

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✅ Conclusion

• Bitcoin (BTC/USD) is strong short-term but requires caution on the daily chart.
• USD (USD/CHF, USD/NZD) remains strong, particularly against CHF.
• European currencies (EUR/USD, GBP/USD) remain weak, while cross-yen pairs (EUR/JPY, GBP/JPY) face yen appreciation risks.
• Gold (XAU/USD) may offer dip-buying opportunities, though short-term selling pressure exists.