📊 Technical Analysis – January 29, 2026
— “The dollar has completely collapsed on the daily chart, short-term is only a counter-trend rebound.
EUR, GBP, and AUD are forming pullbacks at extreme highs.
Gold shows no sign of slowing.”
🌍 Market Power Structure
| Asset | Status |
|---|---|
| USD | ❌ Full bearish trend on daily chart, short-term squeeze/rebound |
| EUR | 🟢 The leading currency, still bought even at highs |
| GBP | 🟢 Stronger upward pressure than the euro |
| AUD | 🟢 The strongest among commodity currencies |
| JPY | ⚠ Short-term yen selling, medium-term trend shifting back to JPY strength |
| GOLD | 🔥 Abnormal acceleration zone (ultimate capital refuge) |
| BTC | 🧊 Fully bearish trend, capital outflow locked in |
💱 Multi-Timeframe Summary
🔹 Dollar Pairs
| Pair | Short-term (5–15m) | 1H | Daily | Key Point |
|---|---|---|---|---|
| EUR/USD (1.1949) | 🟥 Sell | 🟥 Strong sell | 🟩 Strong buy | Healthy pullback at extreme highs |
| GBP/USD (1.3793) | 🟥 Strong sell | 🟥 Strong sell | 🟩 Strong buy | Trend-continuation correction |
| AUD/USD (0.7037) | 🟥 Strong sell | 🟥 Strong sell | 🟩 Strong buy | Waiting for pullback completion |
👉
Short-term selling pressure, but daily trend remains strongly bullish.
The main trend is completely intact.
🔹 USD/JPY and Dollar Crosses
| Pair | Short-term | Daily | Evaluation |
|---|---|---|---|
| USD/JPY (153.47) | 🟩 Strong buy | 🟥 Strong sell | Classic “rally to sell” structure |
| USD/CAD (1.3554) | 🟩 Buy | 🟥 Strong sell | Rebound to create selling zones |
| USD/CHF (0.7683) | 🟩 Strong buy | 🟥 Strong sell | Textbook dollar-short pair |
| USD/NZD (1.6507) | 🟩 Strong buy | 🟥 Strong sell | Weakest daily dollar structure |
👉
“Short-term dollar buying = trap”
“Daily dollar selling = core strategy”
This structure is now complete.
🔹 Cross-Yen (Transition Zone)
| Pair | Short-term | Daily | Comment |
|---|---|---|---|
| EUR/JPY (183.39) | 🟩 | 🟥 | Early phase of trend reversal |
| GBP/JPY (211.69) | 🟩 | 🟩 | Still strong but at extreme highs |
| AUD/JPY (107.99) | ⚪️ | 🟩 | High-level consolidation |
| CAD/JPY (113.25) | 🟩 | ⚪️ | Waiting for sell transition |
| CHF/JPY (199.77) | ⚪️ | 🟩 | The strongest defensive currency |
| NZD/JPY (92.96) | 🟩 | 🟩 | Pullback formation type |
👉
Cross-yen pairs are at a branch point:
some are turning bearish, others are still holding strength.
🔹 Gold (XAU/USD 5,513)
| Status |
|---|
| 🟢 Strong buy on all timeframes |
👉
The ultimate destination for capital fleeing:
-
Dollar distrust
-
Currency distrust
-
Bitcoin distrust
The 5000 zone is no longer “expensive.”
It has become the new normal.
🔹 BTC/USD (87,850)
| Timeframe | Status |
|---|---|
| Short-term | 🟥 Strong sell |
| 1H | 🟥 Strong sell |
| Daily | 🟥 Strong sell |
👉
Completely disqualified as a safe haven.
The exact opposite of gold.
🧭 The Big Picture
🔺 Gold
🔺 EUR / GBP / AUD
🔻 USD
⚠ JPY (early transition phase)
🔻 BTC
＝
“Collapse of USD credibility → capital flows into European & commodity currencies →
final destination is Gold.”
🎯 Trading Strategy
🟢 Top Long Priorities
-
XAU/USD
-
EUR/USD (on pullbacks)
-
GBP/USD (on pullbacks)
-
AUD/USD (on pullbacks)
🔴 Top Short Priorities (sell the rallies)
-
USD/JPY
-
USD/CAD
-
USD/CHF
-
USD/NZD
-
BTC/USD
🧠 One-Line Summary
“Short-term dollar rebounds are meant to confuse.
On the daily chart, the dollar’s defeat is already decided.
Buy EUR, GBP, and AUD.
The only true refuge is Gold.
BTC has become a graveyard for capital.”
This is no longer a normal market phase.
We are already in the mass capital migration → Gold phase.
