📊 Technical Analysis — February 11, 2026

📊 Technical Analysis — February 11, 2026

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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.”

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💱 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.

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🔹 GBP/USD (1.3705)

• Strong buy across all timeframes

👉 Sterling has fully recovered.
Now a co-leader alongside the euro.

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🔹 AUD/USD (0.7123)

• Strong buy across all timeframes

👉 Commodity currencies have completely rebounded.
A textbook risk-on + dollar-weakness environment.

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🔻 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.

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💴 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.

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🔁 Cross-Yen: Not as Strong as Dollar Majors

👉 The true leaders are dollar majors and gold.
Cross-yen pairs look comparatively sluggish.

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🥇 Gold (5,094)

• Strong buy across all timeframes

👉 No explanation needed.
This is the ultimate capital refuge — stronger even than FX.

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🧊 BTC (66,807)

• Strong sell across all timeframes

👉 Liquidity has clearly drained.
Positioned on the opposite end of the spectrum from gold.

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🧭 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)

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🎯 Practical Trade Priority

🟢 Top Longs

1. XAU/USD

2. EUR/USD

3. GBP/USD

4. AUD/USD

🔴 Clear Shorts

1. USD/CAD

2. USD/CHF

3. USD/NZD

4. BTC/USD

🟡 Caution Zone

• Cross-yen pairs

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📝 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.