Technical Analysis β January 7, 2026
π Market Technical Update
β βDollar catching its breath β euro rallies remain selling opportunities.β
π± Multi-Timeframe Summary (key revisions)
πΉ Dollar pairs β euro weakness persists
| Pair | Short-term (5β15m) | 1-hour | Daily | Status |
|---|---|---|---|---|
| EUR/USD | π© Buy | βͺ Neutral | π₯ Sell | β Still in a rebound phase |
| GBP/USD | π© Buy | π₯ Strong sell | π© Strong buy | π Mixed signals |
| AUD/USD | π© Buy | βͺ Neutral | π© Strong buy | π Dips still supported |
π Only the euro continues to face βsell the ralliesβ pressure.
β‘ Waiting for bounces offers better riskβreward.
πΉ USD/JPY & Dollar crosses β dips tend to be bought back
| Pair | Short-term | Daily | View |
|---|---|---|---|
| USD/JPY | π₯ Sell | π© Buy | β οΈ Pullback, then likely higher |
| USD/CAD | π₯ Strong sell | βͺ Neutral | π Choppy / unstable |
| USD/CHF | βͺ Neutral | π© Buy | π Gradual move toward dollar strength |
| USD/NZD | π₯ Strong sell | βͺ Neutral | β Not a chase trade |
π This looks less like a true βdollar downtrendβ
and more like an up-range that corrects, then recovers.
πΉ Yen crosses β widening divergence
| Pair | Short-term | Daily | Comment |
|---|---|---|---|
| EUR/JPY | π© | π₯ | β Dragged by euro weakness |
| GBP/JPY | π© | π© | β Still strong |
| AUD/JPY | βͺ | π© | π Building a dip |
| CAD/JPY | π© | π₯ | π€ Heavy topside |
| CHF/JPY | βͺ | βͺ | π Wait-and-see |
π The broader yen-selling trend continues,
but euro and CAD are struggling to keep up.
πΉ Gold & Bitcoin β diverging paths
| Market | View |
|---|---|
| XAU/USD (Gold) | π© Daily trend remains firm β dip-buying favored |
| BTC/USD | βͺ Losing momentum β short-term selling bias |
π Gold: dips are being bought.
BTC: consolidating near highs β entering a pause phase.
π§ βBig Pictureβ Takeaways
π» Euro
πΊ Dollar (gradual strength)
π Yen crosses: growing divergence by pair
πΊ Gold firm / BTC stalling
β‘ βSell euro rallies Γ Gradual dollar strength Γ Gold remains resilient.β
π― Strategy ideas (current stance)
π© Preferred longs
-
XAU/USD (Gold)
-
GBP/JPY
-
AUD/USD β on pullbacks only
π₯ Preferred shorts
-
EUR/USD β sell rallies
-
EUR/JPY β short-term only
β οΈ Caution
-
USD/JPY: tug-of-war β βno tradeβ is also a valid choice.
-
BTC: chasing longs carries higher risk.
π One-line takeaway
Euro rallies are still being sold.
The dollar edges higher with pauses.
Gold dip-buying still works β for now.
