📊 Technical Analysis — February 20, 2026

📊 Technical Analysis — February 20, 2026

🧭 Market Structure

“Short-term risk-on rebound. Higher timeframes still at a crossroads.”

After the broad selloff seen previously,
strong buy signals are increasing across short-term and intraday charts.

Notably strong:

• ✔ Gold

• ✔ AUD

• ✔ Cross-yen pairs

💱 Dollar Pairs

🔹 EUR/USD (1.1766)

Short-term: Strong Buy
Daily: Strong Sell

👉 A classic corrective rebound.
Medium-term structure remains downward.

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🔹 GBP/USD (1.3482)

Short-term: Strong Buy
Daily: Strong Sell

👉 Rally largely driven by short covering.

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🔹 AUD/USD (0.7060)

All timeframes: Strong Buy

👉 Current leading currency.
Trend recovery confirmed.

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🔸 NZD/USD (0.5960)

Short-term: Strong Buy
Intraday: Sell

👉 At a trend inflection point.

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💴 Yen-Related Pairs

🔺 USD/JPY (155.28)

Short-term: Sell
H1–Daily: Strong Buy

👉 Structure suggests uptrend resumption after a pullback.

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🔺 GBP/JPY / CAD/JPY / AUD/JPY

Intraday–Daily: Strong Buy

👉 Yen selling resumes.
Clear risk-on tone.

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🥇 Gold (5,035)

All timeframes: Strong Buy

👉 Full trend resumption.
Driven by safe-haven demand + inflation hedge flows.

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🥈 Silver (80.95)

Short-term–Intraday: Strong Buy

👉 Moving in tandem with gold.
Volatility expanding.

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🧊 BTC (68,086)

Short-term–Intraday: Buy
Daily: Sell

👉 Relief rally.
Structural reversal not yet confirmed.

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🌍 Relative Strength Ranking

🔺 Strongest

1. XAU (Gold)

2. AUD

3. CAD

🔻 Weaker (Higher Timeframe)

1. EUR

2. NZD (Daily structure)

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🎯 Tactical Bias

🟢 Short-Term Long Priority

• XAU/USD

• AUD/USD

• AUD/JPY

• GBP/JPY

🔴 Medium-Term Rally Sell Caution

• EUR/USD

• GBP/USD

• BTC/USD

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📝 One-Line Summary

“A strong risk-on rebound from a prior sell phase.
Gold and AUD are leading.”

At present, short-term trend-following strategies hold the advantage.