📊 Technical Analysis – January 19, 2026
— “The dollar pauses, while Yen crosses and Gold return to center stage”
💱 Multi-Timeframe Summary (Key Updates)
🔹 Dollar Majors
| Pair | Short Term (5–15m) | 1 Hour | Daily | Key Point |
|---|---|---|---|---|
| EUR/USD | 🟩 Strong Buy | 🟩 Strong Buy | 🟥 Strong Sell | Short-term rebound, but daily downtrend remains |
| GBP/USD | 🟩 Strong Buy | 🟩 Strong Buy | ⚪️ Neutral | Pound stronger than euro, rebound is clearer |
| AUD/USD | 🟩 Strong Buy | 🟩 Strong Buy | 🟩 Strong Buy | Aussie remains in a full bullish trend |
👉 The dollar is being sold temporarily, and dollar majors have shifted into a “short-term rebound phase.”
However, EUR/USD is still firmly in a daily downtrend, so this is not a trend reversal, only a corrective rebound.
🔹 USD/JPY & Dollar Crosses
| Pair | Short Term | Daily | Assessment |
|---|---|---|---|
| USD/JPY | 🟥 Strong Sell | 🟩 Strong Buy | ⚠️ Forming a pullback |
| USD/CAD | 🟥 Strong Sell | 🟩 Strong Buy | ⚠️ High-level consolidation |
| USD/CHF | 🟥 Strong Sell | ⚪️ Neutral | ⚠️ Dollar momentum fading |
| USD/NZD | 🟥 Strong Sell | 🟥 Strong Sell | ❌ Full dollar-sell structure |
👉 The previous “broad dollar strength” structure has temporarily broken.
Dollar crosses are now entering a short-term profit-taking phase.
🔹 Yen Crosses (Clear Shift Back to Center Stage)
| Pair | Short Term | Daily | Comment |
|---|---|---|---|
| EUR/JPY | 🟥 | ⚪️ | Direction temporarily lost |
| GBP/JPY | 🟩 | 🟩 | ⭐ Back as a main candidate |
| AUD/JPY | 🟩 | 🟩 | ⭐ Trend continuation |
| CHF/JPY | 🟩 | 🟩 | ⭐ Stable trend |
| NZD/JPY | 🟩 | 🟩 | ⭐ Sustained upside |
👉 The “weak yen trend” remains intact,
but yen crosses are now showing cleaner strength than USD/JPY itself.
🔹 Gold & Bitcoin
| Asset | Assessment |
|---|---|
| XAU/USD (Gold) | 🟩 Strong buy on both daily and hourly, acceleration phase |
| BTC/USD | 🟥 Short-term correction, momentum temporarily slowing |
👉 Gold has broken above the 4,660 zone and entered a different league.
BTC is seeing profit-taking at high levels and is taking a “short rest.”
🧭 Updated Big Picture
🔺 Gold
🔺 Yen Crosses
🔁 Dollar (in correction)
🔁 BTC (high-level consolidation)
🔻 EUR/USD (mid-term bearish)
＝ “Gold × Yen Crosses lead, the dollar steps aside.”
🎯 Trading Strategy (Latest)
🟩 Priority Longs
-
XAU/USD (Gold)
-
AUD/JPY, GBP/JPY, CHF/JPY, NZD/JPY
-
AUD/USD (trend continuation)
⚠️ Buy Only on Pullbacks
-
EUR/USD (short-term rebound, daily still bearish)
-
GBP/USD (short-term longs only, no chasing)
🟥 Sell on Rallies
-
USD/NZD
-
EUR/AUD
-
EUR/GBP
📝 One-Line Summary
“The dollar is pausing. The real leaders are once again Gold and Yen crosses.
The euro remains vulnerable even on rebounds,
and for now, Yen crosses and Gold are the safer battlefield than dollar majors.”
