Free Forex Trading Signals For 1.20.2026
It’s January 20th already—time flies when you’re glued to screens amid Lunar New Year prep—and the markets are shaking off last week’s dollar dominance with some surprising rebounds in the majors, while gold’s on a tear that reminds me of those 2024 surges tied to global jitters. I’ve been trading these waters since the early days of crypto crossovers, and today’s action feels like a mix of risk-on recovery and lingering Fed caution after that cooler-than-expected producer price data. These signals are forged from the price trails I’ve followed through the weekend gap, tossing in SMA reads with my own battle-tested hunches. No holy grail here, but let’s unpack what’s cooking and spot the plays. Trade smart—I’ve lost shirts chasing ghosts before.
EUR/USD
Current Price: 1.1732
The Euro’s staged a solid comeback over the long weekend, jumping from mid-January’s 1.1615 doldrums amid easing dollar pressure and whispers of ECB steadying rates amid bloc recovery signs. Tracking from December’s 1.1761 peak down to recent 1.1599 troughs, it’s now reclaimed ground above the 10-day SMA at 1.1705 and the 20-day at 1.1680, flipping what was a bearish rut into budding upside. Living through the euro’s post-pandemic whipsaws, I reckon this bounce owes to softer US yields—stuff that’s caught shorts off guard—but with geo-tensions simmering, don’t bet against a quick fade if Fed speakers turn hawkish. That 1.1760 ceiling from yesteryear looks reachable if momentum holds.
- Trend: Bullish reversal
- Entry Point: Buy at 1.1715
- Stop Loss: 1.1685 (below SMA support)
- Take Profit: 1.1770 (testing prior highs)
GBP/USD
Current Price: 1.3446
Cable’s perked up from 1.3397, riding sterling flows bolstered by upbeat UK GDP revisions and a dip in dollar fervor. The pair’s clawed back from early-month lows around 1.3373, now sitting above the 10-day SMA at 1.3420 and edging over the 20-day at 1.3400, signaling bulls regaining footing after weeks of pressure. I’ve navigated GBP through enough BOE flip-flops to spot when domestic data trumps global noise—like here, with energy markets calming—but overbought vibes near RSI 60 make me cautious; a Brexit-echo surprise could still derail. Favoring longs, but with tight leashes.
- Trend: Bullish
- Entry Point: Buy on dip to 1.3425
- Stop Loss: 1.3390 (under recent pivot)
- Take Profit: 1.3480 (aiming for resistance)
USD/JPY
Current Price: 157.83
The Dollar-Yen’s cooled from 158.04, retreating as yen bids strengthened over the holiday amid risk-off undercurrents and BOJ murmurs. From December’s 156.25 base up to recent 158.89 spikes, it’s now testing the 10-day SMA at 158.00 below the 20-day at 158.20, hinting at a bearish correction in an otherwise upward channel. This pair’s yield sensitivity has been my bread and butter, but with Japan eyeing intervention thresholds, this dip feels like a shakeout before resuming—though I’ve been wrong-footed by sudden yen spikes before. Sellers might dominate short-term unless US data reignites yields.
- Trend: Bearish pullback
- Entry Point: Sell at 158.00
- Stop Loss: 158.50 (above highs)
- Take Profit: 157.20 (eyeing support)
Gold (XAU/USD)
Current Price: 4744.46
Gold’s exploded higher from 4594.63, shattering resistances on fresh haven demand tied to escalating Middle East flares and persistent inflation hedges. Building from early January’s 4420 foundation, it’s vaulted past the 10-day SMA at 4700 and 20-day at 4650, entrenching a bullish rampage that’s got me flashing back to those pandemic gold rushes. In HK, where gold shops line the streets, this surge aligns with cultural buying sprees ahead of New Year—real demand meeting macro fears—but at these lofty levels, profit-takers could emerge. Still, the trend’s your friend; I’d chase with caution.
- Trend: Strongly bullish
- Entry Point: Buy at 4720.00
- Stop Loss: 4680.00 (below SMA)
- Take Profit: 4800.00 (round milestone)
BTC/USD
Current Price: 91094.95
Bitcoin’s tumbled from 95290.35, shedding gains amid profit locks and regulatory chatter out of Europe weighing on sentiment. After peaking near 96k mid-month, it’s dipped below the 10-day SMA at 93000 but holds above the 20-day at 92000, suggesting a bearish shift from the prior upswing. Crypto’s taught me hard lessons in volatility—booms like last week’s often precede corrections—but with ETF approvals looming, this could be a buy-the-dip setup. Not my favorite long today; waiting for stabilization before jumping in.
- Trend: Bearish correction
- Entry Point: Sell at 91500.00
- Stop Loss: 92500.00 (above resistance)
- Take Profit: 89000.00 (targeting lows)
Summary Table for January 20th, 2026
| Asset | Current Price | Trend | Entry Point | Stop Loss | Take Profit |
|---|---|---|---|---|---|
| EUR/USD | 1.1732 | Bullish reversal | Buy at 1.1715 | 1.1685 | 1.1770 |
| GBP/USD | 1.3446 | Bullish | Buy at 1.3425 | 1.3390 | 1.3480 |
| USD/JPY | 157.83 | Bearish pullback | Sell at 158.00 | 158.50 | 157.20 |
| Gold (XAU/USD) | 4744.46 | Strongly bullish | Buy at 4720.00 | 4680.00 | 4800.00 |
| BTC/USD | 91094.95 | Bearish correction | Sell at 91500.00 | 92500.00 | 89000.00 |
That’s the scoop for today—markets don’t wait for holidays, and neither should your strategy. If you’re prepping for New Year trades or spotting different angles, swing by @topfxbrokers on X for broker chats or drop your thoughts. Until next time, keep those stops tight.
These awards confirm our commitment to building a rewarding trading environment and helping you uncover your potential. Thank you for choosing to trade with an award-winning broker!
Choose MetaTrader 5 with Top Forex Brokers?
•Blazing-fast execution & enhanced stability
•38 built-in technical indicators & 21 timeframes for precision trading
•Optimized for all devices—desktop, mobile & web
•Trade a wide range of assets: Stocks, Commodities, Forex & more!
https://www.topforexbrokerscomparison.com
Disclaimer: These forex trading signals are for educational purposes only and not financial advice. Trading carries significant risks, including the potential loss of your entire investment. Always consult a professional advisor before jumping in.