📊 Technical Analysis – January 20, 2026
— “Leadership returns to the euro, gold accelerates, and dollar crosses collapse across the board”
💱 Multi-Timeframe Summary (Key Updates)
🔹 Dollar Majors
| Pair | Short Term (5–15m) | 1 Hour | Daily | Key Change |
|---|---|---|---|---|
| EUR/USD | 🟩 Buy → 🟩 Strong Buy | 🟩 Strong Buy | 🟩 Strong Buy | Daily trend fully turns upward |
| GBP/USD | 🟥 Strong Sell | 🟥 Strong Sell | ⚪️ Buy | Short-term correction, core trend intact |
| AUD/USD | 🟥 Strong Sell | ⚪️ Neutral | 🟩 Strong Buy | Entering pullback-buying zone |
👉 The biggest shift is EUR/USD on the daily chart flipping from “Sell” to “Strong Buy.”
This is not just a rebound, but a clear signal of trend resumption.
🔹 USD/JPY & Dollar Crosses
| Pair | Short Term | Daily | Assessment |
|---|---|---|---|
| USD/JPY | 🟩 Strong Buy → 🟥 Sell | 🟩 Strong Buy | ⚠️ Battle near the top |
| USD/CAD | ⚪️ → 🟥 Strong Sell | 🟥 Sell | ❌ Full dollar-sell structure |
| USD/CHF | ⚪️ → 🟥 Strong Sell | 🟥 Strong Sell | ❌ Dollar weakness clearly visible |
| USD/NZD | 🟥 Strong Sell | 🟥 Strong Sell | ❌ Weakest dollar zone |
👉 Dollar crosses have aligned sharply to the downside.
The “dollar rebound phase” is now completely over.
🔹 Yen Crosses (EUR/JPY Takes the Lead)
| Pair | Short Term | Daily | Comment |
|---|---|---|---|
| EUR/JPY | 🟩 Strong Buy | 🟩 Strong Buy | ⭐ Main leader |
| GBP/JPY | 🟥 | 🟩 | Short-term correction |
| AUD/JPY | ⚪️ | 🟩 | Waiting for pullback |
| CAD/JPY | 🟩 Strong Buy | 🟩 Strong Buy | ⭐ Stable trend |
| CHF/JPY | 🟩 | 🟩 | ⭐ Solid uptrend |
👉 Within the ongoing weak-yen trend,
EUR/JPY and CAD/JPY stand out as especially strong.
🔹 Gold & Bitcoin
| Asset | Assessment |
|---|---|
| XAU/USD (Gold) | 🟩 Strongest on both daily and hourly, accelerating |
| BTC/USD | 🟥 Sell on all timeframes, trend fully stalling |
👉 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
🔺 Gold
🔺 Euro
🔺 Yen Crosses
🔻 Dollar
🔻 BTC
＝ “Euro-led market × ongoing yen weakness × strongest gold × broad dollar decline”
🎯 Trading Strategy (Latest)
🟩 Priority Longs
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XAU/USD (Gold)
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EUR/USD
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EUR/JPY
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CAD/JPY, CHF/JPY
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AUD/USD on pullbacks
⚠️ Wait for Pullbacks
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GBP/USD
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AUD/JPY
🟥 Clear Short Zones
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USD/CAD
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USD/CHF
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USD/NZD
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BTC/USD
📝 One-Line Summary
“The 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.”
