Forex Top Team

Back to all insights

πŸ“Š Technical Analysis β€” February 10, 2026

πŸ“Š Technical Analysis β€” February 10, 2026

Conclusion

β€œThe dollar downtrend remains intact. Short-term dollar rebounds are mixed in, but higher timeframes still favor euro and gold. Cross-yen pairs are undergoing a deeper pullback, while BTC continues to see capital outflows.”

πŸ’± Dollar Majors: Short-Term Adjustment, Daily Trend Intact

EUR/USD (1.1903)

  • Short term (5–15 min): Strong sell

  • Hourly: Neutral

  • Daily: Strong buy

πŸ‘‰ This is a healthy profit-taking correction near highs.
The structure remains intact; waiting for daily-chart pullbacks is the correct approach.

GBP/USD

  • Short term to hourly: Strong sell

  • Daily: Strong buy

πŸ‘‰ Similar to EUR/USDβ€”a pullback within an uptrend.
However, price action is more volatile, making it lower priority than the euro.

AUD/USD

  • 15-minute & daily: Strong buy

  • Hourly: Neutral

πŸ‘‰ The correction has been shallow, leaving the pair well-positioned for another leg higher.
Still one of the stronger commodity currencies.

Ongoing Dollar-Selling Zone

  • USD/CAD

  • USD/CHF

  • USD/NZD

πŸ‘‰ Even if short-term rebounds occur, daily charts remain clearly bearish.

πŸ’΄ USD/JPY: Rallies Still Favored to Be Sold

  • Short term: Neutral to sell

  • Hourly & daily: Sell

πŸ‘‰ The 155 area represents a rebound zone, not a base.
The decline is driven more by dollar weakness than by yen strength.

πŸ” Cross-Yen: Pullback Continues, Structure Unbroken

EUR/JPY / GBP/JPY / AUD/JPY / CAD/JPY / CHF/JPY / NZD/JPY

  • Short term to hourly: Strong sell

  • Daily: Buy / Strong buy

πŸ‘‰ This is a classic deep pullback within an ongoing trend.
As long as daily structures hold, buying dips remains the only strategy.

πŸ₯‡ Gold β€” XAU/USD (5,056)

  • Strong buy across all timeframes

πŸ‘‰ Even as FX churns sideways, gold stands in a different leagueβ€”
a clear trend asset and capital haven.

🧊 BTC/USD (68,531)

  • Strong sell across all timeframes

πŸ‘‰ No signs of a short-term rebound.
Capital is clearly flowing out of BTC and into FX and gold.

🎯 Practical Trade Focus

🟒 Priority Longs

  • XAU/USD

  • EUR/USD (daily pullbacks)

  • AUD/USD

🟑 Watch for Pullbacks

  • EUR/JPY

  • AUD/JPY

  • CHF/JPY

  • CAD/JPY

  • NZD/JPY

πŸ”΄ Sell-on-Rallies Only

  • USD/CAD

  • USD/CHF

  • USD/NZD

  • BTC/USD

πŸ“ Market Core β€” One Takeaway

β€œShort-term dollar rebounds, long-term dollar weakness.
Gold and the euro are the main actors; cross-yen is a test of patience.
BTC has completely fallen outside the liquidity flow.”

This is a market where short-term noise punishes impatience.
The key is choosing where to engage based on daily charts, not reacting to every intraday swing.

More Insights