π Technical Analysis – February 21, 2025
π Strength and Weakness Analysis in FX, Cryptocurrency, and Metal Markets (Ranked by Trading Volume)
π Strength and Weakness Overview
Major Currency Pairs
- EUR/USD
π 5-min: Strong Sell
π 15-min: Strong Sell
π 1-hour: Sell
π Daily: Strong Buy - USD/JPY
π 5-min: Strong Buy
π 15-min: Neutral
π 1-hour: Neutral
π Daily: Strong Sell - GBP/USD
π 5-min: Strong Sell
π 15-min: Strong Sell
π 1-hour: Neutral
π Daily: Strong Buy - AUD/USD
π 5-min: Strong Sell
π 15-min: Strong Sell
π 1-hour: Buy
π Daily: Strong Buy - USD/CAD
π 5-min: Strong Buy
π 15-min: Strong Buy
π 1-hour: Buy
π Daily: Strong Sell - USD/CHF
π 5-min: Strong Buy
π 15-min: Buy
π 1-hour: Neutral
π Daily: Strong Sell - USD/NZD
π 5-min: Strong Buy
π 15-min: Neutral
π 1-hour: Neutral
π Daily: Strong Sell
Cross Yen Pairs
- EUR/JPY
π 5-min: Sell
π 15-min: Sell
π 1-hour: Strong Sell
π Daily: Strong Sell - GBP/JPY
π 5-min: Sell
π 15-min: Sell
π 1-hour: Strong Sell
π Daily: Strong Sell - AUD/JPY
π 5-min: Neutral
π 15-min: Neutral
π 1-hour: Sell
π Daily: Strong Sell - CAD/JPY
π 5-min: Neutral
π 15-min: Strong Sell
π 1-hour: Strong Sell
π Daily: Strong Sell - CHF/JPY
π 5-min: Strong Sell
π 15-min: Sell
π 1-hour: Sell
π Daily: Strong Sell
Other Assets
- XAU/USD (Gold)
π 5-min: Sell
π 15-min: Strong Sell
π 1-hour: Buy
π Daily: Strong Buy - NZD/JPY
π 5-min: Neutral
π 15-min: Buy
π 1-hour: Neutral
π Daily: Strong Sell - EUR/GBP
π 5-min: Strong Sell
π 15-min: Strong Sell
π 1-hour: Sell
π Daily: Strong Sell - EUR/AUD
π 5-min: Strong Sell
π 15-min: Strong Sell
π 1-hour: Strong Sell
π Daily: Strong Sell - NZD/CAD
π 5-min: Sell
π 15-min: Buy
π 1-hour: Buy
π Daily: Buy - BTC/USD (Bitcoin)
π 5-min: Neutral
π 15-min: Buy
π 1-hour: Strong Buy
π Daily: Strong Buy
π Key Observations and Analysis
Short-Term (5-min, 15-min)
- EUR/USD, GBP/USD, AUD/USD: Short-term selling pressure continues.
β U.S. dollar strength remains dominant. - Cross Yen Pairs (EUR/JPY, GBP/JPY, AUD/JPY): Selling signals persist.
β Yen buying trend is strong. - Gold (XAU/USD): Short-term selling pressure observed.
β Potential profit-taking in progress.
1-Hour Chart
- USD/CAD, BTC/USD: Strong buy signals.
β Demand for the U.S. dollar and Bitcoin is rising. - Cross Yen Pairs: Selling pressure remains strong.
β Yen appreciation scenario may continue. - Gold (XAU/USD): Neutral stance.
β Potential consolidation phase in play.
Daily Chart
- BTC/USD, XAU/USD, GBP/USD, AUD/USD: Strong buy signals.
β Capital inflows into both risk assets and safe havens. - Cross Yen Pairs: Strong sell signals across the board.
β The yen appreciation trend is evident.
π Overall Market Sentiment
π Buy Opportunities:
- BTC/USD, XAU/USD, GBP/USD, AUD/USD, USD/CAD
β Strength in both risk assets and the U.S. dollar. - NZD/CAD is also showing strong buy signals on the daily chart.
π Sell Pressure:
- Cross Yen Pairs (EUR/JPY, GBP/JPY, AUD/JPY, CHF/JPY)
β The yen appreciation trend continues, with strong selling pressure. - EUR/USD, USD/NZD, EUR/GBP, EUR/AUD also exhibit strong sell signals.
π― Trading Strategies
Short-Term Trading:
- Buy USD/CAD, BTC/USD: Take advantage of the strength in the U.S. dollar and Bitcoin.
- Sell Cross Yen Pairs (EUR/JPY, GBP/JPY, AUD/JPY): Capitalize on the yen appreciation scenario.
- Sell EUR/USD, GBP/USD on retracements: Follow the U.S. dollar bullish trend.
Medium-Term Trading:
- Buy Gold (XAU/USD) on dips: Expect continued demand for safe-haven assets.
- Long NZD/CAD: Strong buy signals suggest potential upside.
Long-Term Trading:
- Hold BTC/USD positions: Optimistic about Bitcoin’s long-term uptrend.
β Conclusion
- Bitcoin (BTC/USD) remains the strongest buy across all timeframes.
- Cross Yen Pairs continue to face intense selling pressure.
- U.S. dollar pairs (USD/CAD, USD/JPY) show mixed strength, requiring a cautious approach.
- Gold (XAU/USD) maintains a long-term bullish outlook, though short-term caution is advised.
π Strategic Focus: Embrace the yen’s strength in cross pairs, capitalize on Bitcoin’s bullish momentum, and approach gold with a dip-buying strategy.