Forex Top Team

Back to all insights

πŸ“Š Technical Analysis – January 20, 2026

πŸ“Š Technical Analysis – January 20, 2026

β€” β€œLeadership returns to the euro, gold accelerates, and dollar crosses collapse across the board”

πŸ’± Multi-Timeframe Summary (Key Updates)

πŸ”Ή Dollar Majors

Pair Short Term (5–15m) 1 Hour Daily Key Change
EUR/USD 🟩 Buy β†’ 🟩 Strong Buy 🟩 Strong Buy 🟩 Strong Buy Daily trend fully turns upward
GBP/USD πŸŸ₯ Strong Sell πŸŸ₯ Strong Sell βšͺ️ Buy Short-term correction, core trend intact
AUD/USD πŸŸ₯ Strong Sell βšͺ️ Neutral 🟩 Strong Buy Entering pullback-buying zone

πŸ‘‰ The biggest shift is EUR/USD on the daily chart flipping from β€œSell” to β€œStrong Buy.”
This is not just a rebound, but a clear signal of trend resumption.

πŸ”Ή USD/JPY & Dollar Crosses

Pair Short Term Daily Assessment
USD/JPY 🟩 Strong Buy β†’ πŸŸ₯ Sell 🟩 Strong Buy ⚠️ Battle near the top
USD/CAD βšͺ️ β†’ πŸŸ₯ Strong Sell πŸŸ₯ Sell ❌ Full dollar-sell structure
USD/CHF βšͺ️ β†’ πŸŸ₯ Strong Sell πŸŸ₯ Strong Sell ❌ Dollar weakness clearly visible
USD/NZD πŸŸ₯ Strong Sell πŸŸ₯ Strong Sell ❌ Weakest dollar zone

πŸ‘‰ Dollar crosses have aligned sharply to the downside.
The β€œdollar rebound phase” is now completely over.

πŸ”Ή Yen Crosses (EUR/JPY Takes the Lead)

Pair Short Term Daily Comment
EUR/JPY 🟩 Strong Buy 🟩 Strong Buy ⭐ Main leader
GBP/JPY πŸŸ₯ 🟩 Short-term correction
AUD/JPY βšͺ️ 🟩 Waiting for pullback
CAD/JPY 🟩 Strong Buy 🟩 Strong Buy ⭐ Stable trend
CHF/JPY 🟩 🟩 ⭐ Solid uptrend

πŸ‘‰ Within the ongoing weak-yen trend,
EUR/JPY and CAD/JPY stand out as especially strong.

πŸ”Ή Gold & Bitcoin

Asset Assessment
XAU/USD (Gold) 🟩 Strongest on both daily and hourly, accelerating
BTC/USD πŸŸ₯ Sell on all timeframes, trend fully stalling

πŸ‘‰ Gold has pushed into the 4,700 zone, entering full acceleration mode.
BTC is aligned to the downside on both short and medium timeframes,
showing clear capital outflow.

🧭 Updated Big Picture

πŸ”Ί Gold
πŸ”Ί Euro
πŸ”Ί Yen Crosses
πŸ”» Dollar
πŸ”» BTC

＝ β€œEuro-led market Γ— ongoing yen weakness Γ— strongest gold Γ— broad dollar decline”

🎯 Trading Strategy (Latest)

🟩 Priority Longs

  • XAU/USD (Gold)

  • EUR/USD

  • EUR/JPY

  • CAD/JPY, CHF/JPY

  • AUD/USD on pullbacks

⚠️ Wait for Pullbacks

  • GBP/USD

  • AUD/JPY

πŸŸ₯ Clear Short Zones

  • USD/CAD

  • USD/CHF

  • USD/NZD

  • BTC/USD

πŸ“ One-Line Summary

β€œThe dollar has completely lost its role.
The current leaders are the euro, gold, and yen crosses.
BTC has entered a capital outflow zone, and staying away is the right choice.”

More Insights