Technical Analysis - January 14, 2025
Strength Overview (Ranked by Trading Volume/Liquidity)
EUR/USD
- 5-min Chart: Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Sell
USD/JPY
- 5-min Chart: Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Buy
GBP/USD
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Sell
AUD/USD
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Sell
USD/CAD
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Buy
USD/CHF
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Buy
USD/NZD
- 5-min Chart: Strong Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: Strong Buy
EUR/JPY
- 5-min Chart: Sell
- 15-min Chart: Sell
- 1-hour Chart: Buy
- Daily Chart: Strong Sell
GBP/JPY
- 5-min Chart: Neutral
- 15-min Chart: Neutral
- 1-hour Chart: Buy
- Daily Chart: Strong Sell
AUD/JPY
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Sell
CAD/JPY
- 5-min Chart: Strong Buy
- 15-min Chart: Buy
- 1-hour Chart: Buy
- Daily Chart: Buy
CHF/JPY
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Strong Sell
XAU/USD (Gold)
- 5-min Chart: Neutral
- 15-min Chart: Strong Sell
- 1-hour Chart: Neutral
- Daily Chart: Strong Buy
NZD/JPY
- 5-min Chart: Strong Buy
- 15-min Chart: Strong Buy
- 1-hour Chart: Strong Buy
- Daily Chart: Neutral
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 Sell
- 15-min Chart: Strong Sell
- 1-hour Chart: Strong Sell
- Daily Chart: 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 Sell
- 15-min Chart: Neutral
- 1-hour Chart: Strong Buy
- Daily Chart: Neutral
Key Observations and Analysis
Short-Term Charts (5-min and 15-min)
- EUR/USD, GBP/USD, AUD/USD, and AUD/JPY show strong buying trends, signaling risk-on sentiment.
- Yen-related pairs (USD/JPY, EUR/JPY, GBP/JPY) exhibit short-term weakness.
1-Hour Charts
- EUR/USD, GBP/USD, AUD/USD, and CAD/JPY maintain strong buy signals.
- Gold (XAU/USD) remains neutral, lacking clear direction.
Daily Charts
- USD/CAD, USD/CHF, and Gold (XAU/USD) display strong buy tendencies.
- EUR/USD, GBP/USD, and AUD/USD continue to show weakness on daily timeframes.
- BTC/USD remains neutral on daily charts, suggesting a potential consolidation phase.
Summary
The market displays contrasting trends across timeframes:
- Risk-on sentiment drives short-term strength in EUR/USD, GBP/USD, AUD/USD, and AUD/JPY.
- Yen-related pairs remain under pressure in the short term but show mixed signals on longer timeframes.
- Gold (XAU/USD) continues to display daily strength but lacks short-term direction.
- BTC/USD indicates potential consolidation with conflicting signals across timeframes.
Monitor price action closely to align trades with prevailing trends and key levels.
