Technical Analysis - January 7, 2025

Technical Analysis - January 7, 2025

Strength/Weakness Overview (Ranked by Liquidity)

EUR/USD

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Neutral
• Daily Chart: Neutral

USD/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Neutral
• 1-hour Chart: Sell
• Daily Chart: Strong Buy

GBP/USD

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Neutral
• Daily Chart: Sell

AUD/USD

• 5-min Chart: Strong Buy
• 15-min Chart: Neutral
• 1-hour Chart: Strong Buy
• Daily Chart: Buy

USD/CAD

• 5-min Chart: Neutral
• 15-min Chart: Neutral
• 1-hour Chart: Strong Sell
• Daily Chart: Neutral

USD/CHF

• 5-min Chart: Strong Buy
• 15-min Chart: Strong Buy
• 1-hour Chart: Strong Buy
• Daily Chart: Strong Buy

USD/NZD

• 5-min Chart: Strong Buy
• 15-min Chart: Buy
• 1-hour Chart: Strong Sell
• Daily Chart: Neutral

EUR/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Neutral
• Daily Chart: Strong Buy

GBP/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Neutral
• Daily Chart: Strong Buy

AUD/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Strong Buy
• Daily Chart: Buy

CAD/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Neutral
• Daily Chart: Strong Buy

CHF/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Strong Sell
• Daily Chart: Buy

XAU/USD (Gold)

• 5-min Chart: Strong Buy
• 15-min Chart: Strong Buy
• 1-hour Chart: Strong Buy
• Daily Chart: Strong Buy

NZD/JPY

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Strong Buy
• Daily Chart: Strong Buy

EUR/GBP

• 5-min Chart: Strong Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Sell
• Daily Chart: Neutral

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: Strong Sell
• 15-min Chart: Sell
• 1-hour Chart: Strong Buy
• Daily Chart: Sell

BTC/USD (Bitcoin)

• 5-min Chart: Sell
• 15-min Chart: Strong Sell
• 1-hour Chart: Sell
• Daily Chart: Strong Buy

Key Observations and Analysis

Short-Term Charts (5-min, 15-min)

• Yen pairs (USD/JPY, GBP/JPY, CAD/JPY, CHF/JPY) exhibit strong selling pressure, highlighting near-term yen strength.
• XAU/USD (Gold) maintains a steady Strong Buy signal across short-term charts, likely driven by safe-haven demand.

1-Hour Charts

• USD/CHF and AUD/USD continue to exhibit strong buy signals, reflecting positive trends.
• BTC/USD transitions towards bearish signals, showing potential for short-term corrections.

Daily Charts

• XAU/USD and USD/CHF exhibit strong buy trends, emphasizing recovery.
• EUR/USD and GBP/USD display ongoing weakness, with neutral to sell signals prevailing.

Implications

• Risk-Averse Traders: Consider safe-haven assets like XAU/USD and USD/CHF, which are displaying consistent strength across timeframes.
• Short-Term Volatility: Watch yen pairs for rapid fluctuations as short-term selling pressure contrasts with longer-term strength.
• Crypto Perspective: BTC/USD shows divergence between short-term weakness and daily chart strength, suggesting a pullback opportunity within an overarching uptrend.