📊 Technical Analysis — February 11, 2026
Conclusion
“Broad-based dollar weakness is accelerating again.
The euro, pound, and Aussie have fully resumed their uptrends.
Gold stands in a class of its own.
Cross-yen pairs are undergoing a dollar-driven adjustment.
BTC remains in a clear structural downtrend.”
💱 Dollar Majors: Full Dollar Breakdown Mode
🔹 EUR/USD (1.1923)
-
Strong buy across all timeframes
👉 The pullback phase is over.
Trend reacceleration confirmed — this is no longer a correction but a continuation wave higher.
🔹 GBP/USD (1.3705)
-
Strong buy across all timeframes
👉 Sterling has fully recovered.
Now a co-leader alongside the euro.
🔹 AUD/USD (0.7123)
-
Strong buy across all timeframes
👉 Commodity currencies have completely rebounded.
A textbook risk-on + dollar-weakness environment.
🔻 USD/CAD / USD/CHF / USD/NZD
-
Strong sell across all timeframes
👉 Dollar selling is aligned across the board.
This is no longer “sell the rally” — it is a full-fledged downtrend in USD.
💴 USD/JPY: Dollar Weakness, Not Yen Strength
-
Hourly & daily: Strong sell
👉 The move lower is driven by dollar deterioration rather than pure yen strength.
From 155 into the 153 area,
and even rebounds remain vulnerable to renewed selling pressure.
🔁 Cross-Yen: Not as Strong as Dollar Majors
| Pair | Status |
|---|---|
| EUR/JPY | Short-term buy, higher timeframes sell |
| GBP/JPY | Short-term buy, higher timeframes sell |
| AUD/JPY | Daily uptrend intact |
| CAD/JPY | Higher timeframes favor sell |
| CHF/JPY | Neutralizing |
| NZD/JPY | Ongoing correction |
👉 The true leaders are dollar majors and gold.
Cross-yen pairs look comparatively sluggish.
🥇 Gold (5,094)
-
Strong buy across all timeframes
👉 No explanation needed.
This is the ultimate capital refuge — stronger even than FX.
🧊 BTC (66,807)
-
Strong sell across all timeframes
👉 Liquidity has clearly drained.
Positioned on the opposite end of the spectrum from gold.
🧭 Market Structure Overview
🔺 Leaders
-
EUR/USD
-
GBP/USD
-
AUD/USD
-
XAU/USD
🔻 Breakdown Side
-
Broad USD pairs
-
BTC
⚠ Neutral / Watch
-
Cross-yen pairs (less clean than dollar trades)
🎯 Practical Trade Priority
🟢 Top Longs
-
XAU/USD
-
EUR/USD
-
GBP/USD
-
AUD/USD
🔴 Clear Shorts
-
USD/CAD
-
USD/CHF
-
USD/NZD
-
BTC/USD
🟡 Caution Zone
-
Cross-yen pairs
📝 In One Line
“The dollar is breaking down, gold is shining, and euro plus commodity currencies are running.
BTC is being completely left behind.”
This is currently a remarkably simple market:
either sell the dollar or buy gold.
