Technical Analysis — January 8, 2026
📊 Technical Overview Update
— “Dollar re-accelerates × Euro loses traction × Gold consolidates near highs”
💱 Multi-Timeframe Summary (Key Changes)
🔹 Dollar pairs — euro weakness deepens
| Pair | Short-term (5–15m) | 1-hour | Daily | Status |
|---|---|---|---|---|
| EUR/USD | 🟩 Buy | ⚪ Neutral | 🟥 Strong sell | ❌ Rallies fail to extend |
| GBP/USD | ⚪ Neutral | 🟥 Strong sell | ⚪ Neutral | ⏸ Clear topside resistance |
| AUD/USD | ⚪ Neutral | 🟥 Strong sell | 🟩 Strong buy | 🔄 Pullback not yet complete |
👉 EUR/USD has clearly shifted from “buy-the-dip” to “sell-the-rally.”
➡ The 1.17 area is no longer support — it is a supply zone where selling emerges.
🔹 USD/JPY & Dollar crosses — dollar regains leadership
| Pair | Short-term | Daily | View |
|---|---|---|---|
| USD/JPY | 🟩 Strong buy | 🟩 Strong buy | ⭐ Dollar in control |
| USD/CAD | 🟩 Strong buy | 🟩 Strong buy | ⭐ Broad dollar strength |
| USD/CHF | 🟥 → ⚪ | 🟩 Buy | 🔄 Rebound after a dip |
| USD/NZD | 🟩 Strong buy | 🟩 Strong buy | ⭐ Trend acceleration |
👉 This is no longer a “dollar catching its breath” phase —
the dollar is reasserting itself as the main driver.
🔹 Yen crosses — divergence becomes clear
| Pair | Short-term | Daily | Comment |
|---|---|---|---|
| EUR/JPY | 🟩 | 🟥 | ❌ Dragged down by euro weakness |
| GBP/JPY | 🟩 | 🟩 | ⭐ Relatively strong |
| AUD/JPY | 🟩 | 🟩 | ⭐ Yen selling dominates |
| CAD/JPY | 🟩 | 🟥 | ⚠️ Impacted by dollar strength |
| CHF/JPY | 🟩 | 🟥 | ⚠️ Heavy topside |
👉 This is no longer a simple “sell yen across the board” market —
we are fully in a currency-selection phase.
🔹 Gold & Bitcoin — momentum diverges
| Market | View |
|---|---|
| XAU/USD (Gold) | 🟩 Strong daily trend, short-term correction |
| BTC/USD | 🟥 Bearish short- to mid-term |
👉 Gold: a healthy consolidation near highs.
BTC: weak rebound power, with capital staying away.
🧭 Current Market Structure
🔺 Dollar (re-accelerating)
🔻 Euro
🔁 Selective yen crosses
🔺 Gold (holding firm while correcting)
🔻 Bitcoin
➡ “Dollar-led × Euro selling × Gold in a separate lane.”
🎯 Trading Strategy (Updated)
🟩 Preferred longs
-
USD/JPY
-
USD/CAD / USD/NZD
-
AUD/JPY & GBP/JPY (selective)
-
XAU/USD — pullbacks only
🟥 Preferred shorts
-
EUR/USD — sell rallies
-
EUR/JPY
-
EUR/AUD
⚠️ Caution
-
Going long all yen crosses is risky
-
BTC: wait for trend recovery
📝 One-line takeaway
The dollar is back in the driver’s seat.
Euro rallies continue to fail.
Gold is resting — Bitcoin is still asleep.
