Technical Analysis β January 8, 2026
π Technical Overview Update
β βDollar re-accelerates Γ Euro loses traction Γ Gold consolidates near highsβ
π± Multi-Timeframe Summary (Key Changes)
πΉ Dollar pairs β euro weakness deepens
| Pair | Short-term (5β15m) | 1-hour | Daily | Status |
|---|---|---|---|---|
| EUR/USD | π© Buy | βͺ Neutral | π₯ Strong sell | β Rallies fail to extend |
| GBP/USD | βͺ Neutral | π₯ Strong sell | βͺ Neutral | βΈ Clear topside resistance |
| AUD/USD | βͺ Neutral | π₯ Strong sell | π© Strong buy | π Pullback not yet complete |
π EUR/USD has clearly shifted from βbuy-the-dipβ to βsell-the-rally.β
β‘ The 1.17 area is no longer support β it is a supply zone where selling emerges.
πΉ USD/JPY & Dollar crosses β dollar regains leadership
| Pair | Short-term | Daily | View |
|---|---|---|---|
| USD/JPY | π© Strong buy | π© Strong buy | β Dollar in control |
| USD/CAD | π© Strong buy | π© Strong buy | β Broad dollar strength |
| USD/CHF | π₯ β βͺ | π© Buy | π Rebound after a dip |
| USD/NZD | π© Strong buy | π© Strong buy | β Trend acceleration |
π This is no longer a βdollar catching its breathβ phase β
the dollar is reasserting itself as the main driver.
πΉ Yen crosses β divergence becomes clear
| Pair | Short-term | Daily | Comment |
|---|---|---|---|
| EUR/JPY | π© | π₯ | β Dragged down by euro weakness |
| GBP/JPY | π© | π© | β Relatively strong |
| AUD/JPY | π© | π© | β Yen selling dominates |
| CAD/JPY | π© | π₯ | β οΈ Impacted by dollar strength |
| CHF/JPY | π© | π₯ | β οΈ Heavy topside |
π This is no longer a simple βsell yen across the boardβ market β
we are fully in a currency-selection phase.
πΉ Gold & Bitcoin β momentum diverges
| Market | View |
|---|---|
| XAU/USD (Gold) | π© Strong daily trend, short-term correction |
| BTC/USD | π₯ Bearish short- to mid-term |
π Gold: a healthy consolidation near highs.
BTC: weak rebound power, with capital staying away.
π§ Current Market Structure
πΊ Dollar (re-accelerating)
π» Euro
π Selective yen crosses
πΊ Gold (holding firm while correcting)
π» Bitcoin
β‘ βDollar-led Γ Euro selling Γ Gold in a separate lane.β
π― Trading Strategy (Updated)
π© Preferred longs
-
USD/JPY
-
USD/CAD / USD/NZD
-
AUD/JPY & GBP/JPY (selective)
-
XAU/USD β pullbacks only
π₯ Preferred shorts
-
EUR/USD β sell rallies
-
EUR/JPY
-
EUR/AUD
β οΈ Caution
-
Going long all yen crosses is risky
-
BTC: wait for trend recovery
π One-line takeaway
The dollar is back in the driverβs seat.
Euro rallies continue to fail.
Gold is resting β Bitcoin is still asleep.
