📊 Technical Analysis – February 19, 2026

📊 Technical Analysis – February 19, 2026

📉 Market Structure Overview

“Short-term to intraday structure is clearly risk-off, with selling pressure dominant.”

• Dollar pairs: Broad downside bias

• Cross-yen pairs: Widespread breakdown

• BTC: Fully bearish

• Gold & silver: Short-term correction

This is currently a sell-dominated environment.

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💱 Dollar Pairs

🔻 EUR/USD (1.1780)

All timeframes: Strong Sell

👉 Clear downtrend structure.

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🔻 GBP/USD (1.3465)

All timeframes: Strong Sell

👉 Among the weakest majors. Classic rally-sell structure.

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🔻 NZD/USD (0.5969)

All timeframes: Strong Sell

👉 Oceania currencies also breaking lower.

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🔻 AUD/USD (0.7046)

Short-term: Strong Sell
Daily: Strong Buy

👉 Higher timeframe still intact, but short-term structure has clearly broken.

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💴 Yen-Led Price Action

🔻 EUR/JPY / GBP/JPY / NZD/JPY / CAD/JPY

Short-term to intraday: Strong Sell

👉 Yen strength dominates — textbook risk-off flow.

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🔸 USD/JPY (154.62)

Short-term: Strong Sell
Daily: Neutral

👉 Downward pressure building even in USD/JPY.

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🥇 Gold (4,985)

Short-term: Strong Sell
Daily: Strong Buy

👉 Corrective phase within a broader uptrend.
Not a structural breakdown.

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🥈 Silver (77.98)

Short-term: Strong Sell
Daily: Neutral

👉 Weaker than gold, elevated volatility.

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🧊 BTC (66,578)

All timeframes: Strong Sell

👉 Clear capital flight structure.
Symbol of risk asset liquidation.

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🌍 Relative Strength Ranking

🔺 Strongest

1. JPY (Yen)

🔻 Weakest

1. GBP

2. NZD

3. BTC

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🎯 Tactical Priority

🔴 Sell Bias

• EUR/USD

• GBP/USD

• NZD/USD

• EUR/JPY

• GBP/JPY

• BTC/USD

🟡 Neutral / Wait

• XAU/USD (in correction)

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📝 One-Line Summary

“Rally-selling environment.
Yen strong, risk assets under pressure.”

This is not a contrarian phase.
It’s a follow-the-flow market.