Free Forex Trading Signals For 1.29.2026
The dollar’s continued its slide on lingering softer US data, majors are pushing higher, gold’s breaking records again on haven flows, and Bitcoin’s finally showing signs of life after its correction. I’ve been glued to these charts since the Asian open, blending SMA trends with the kind of instinct you pick up from trading through holiday reopenings and sudden reversals. These signals are my straight take—no hype, just setups that feel solid in this post-festive tape. Position size small; these sessions can turn on a headline or thin volume.
EUR/USD
Current Price: 1.1948
The Euro’s kept its momentum, edging up from 1.1920 as dollar sellers stay dominant and eurozone data continues to surprise positively. From January’s 1.1599 lows through 1.1894 to this level, it’s held firmly above the 10-day SMA at 1.1920 and 20-day at 1.1880, reinforcing bullish control despite lighter flows. Trading the euro from HK has shown me how these rallies accelerate when US yields dip and EU exports firm up—I’ve caught the upside on similar moves—but overbought RSI near 72 warns of potential exhaustion. Buyers still lead; a dip to 1.1910 could be ideal for entry.
- Trend: Strongly bullish
- Entry Point: Buy at 1.1910
- Stop Loss: 1.1870 (below SMA support)
- Take Profit: 1.2000 (psychological round level)
GBP/USD
Current Price: 1.3798
Cable’s pushed further from 1.3750, gaining on sterling resilience and UK sentiment holding steady amid broader risk-on flows. The breakout from January’s 1.3373 base has it well above the 10-day SMA at 1.3750 and 20-day at 1.3720, confirming strong bullish structure. GBP’s grit has turned trades around for me before, especially when domestic data counters global noise—like now, with energy easing—but post-holiday liquidity can amplify swings. Still bullish; I’d buy dips rather than chase the top.
- Trend: Strongly bullish
- Entry Point: Buy at 1.3760
- Stop Loss: 1.3710 (under support)
- Take Profit: 1.3860 (next resistance)
USD/JPY
Current Price: 153.37
The Dollar-Yen’s slipped again from 153.71, yen strength building as safe-haven demand lingers and BOJ tone keeps pressure on. From January’s 158.89 highs down to this level, it’s remained below the 10-day SMA at 153.80 and 20-day at 153.50, entrenching bearish momentum. This pair’s yield swings have taught me caution—when Japan signals tightening, yen rallies can be sharp. Sellers in control, though oversold RSI near 28 suggests a bounce risk; still favoring the downside.
- Trend: Bearish continuation
- Entry Point: Sell at 153.60
- Stop Loss: 154.20 (above SMA)
- Take Profit: 151.50 (extended support)
Gold (XAU/USD)
Current Price: 5539.16
Gold’s surged higher from 5269.81, extending its record run on intensified haven demand amid trade headlines and inflation hedges. From January’s 4420 base to these levels, it’s stayed dominant above the 10-day SMA at 5300 and 20-day at 5200, underscoring a powerful bullish trend. In HK, gold’s cultural pull adds real buying—I’ve profited from these fear-driven legs—but at all-time highs, profit-taking is always a risk. Trend roaring; dips are buyable for longer-term positions.
- Trend: Bullish surge
- Entry Point: Buy at 5500.00
- Stop Loss: 5420.00 (below recent pivot)
- Take Profit: 5600.00 (extension target)
BTC/USD
Current Price: 87972.85
Bitcoin’s held steady around 87972.85 after its bounce attempt, still in correction mode post-January peak but showing stabilization. It’s testing the 10-day SMA at 88500 from below and holding above the 20-day at 88000, suggesting bearish pressure easing. Crypto’s volatility has humbled me repeatedly—post-holiday grinds often precede reversals—but Asian adoption flows could spark upside. Momentum shifting; I’d wait for a clean break above 88k before turning bullish.
- Trend: Bearish to neutral transition
- Entry Point: Buy at 88200.00
- Stop Loss: 87500.00 (below SMA)
- Take Profit: 89500.00 (round resistance)
Summary Table for January 29th, 2026
| Asset | Current Price | Trend | Entry Point | Stop Loss | Take Profit |
|---|---|---|---|---|---|
| EUR/USD | 1.1948 | Strongly bullish | Buy at 1.1910 | 1.1870 | 1.2000 |
| GBP/USD | 1.3798 | Strongly bullish | Buy at 1.3760 | 1.3710 | 1.3860 |
| USD/JPY | 153.37 | Bearish continuation | Sell at 153.60 | 154.20 | 151.50 |
| Gold (XAU/USD) | 5539.16 | Bullish surge | Buy at 5500.00 | 5420.00 | 5600.00 |
| BTC/USD | 87972.85 | Bearish to neutral transition | Buy at 88200.00 | 87500.00 | 89500.00 |
That’s tonight’s outlook—markets gaining traction post-holiday, trends solidifying. If these levels align with your view or spark questions, check @topfxbrokers on X for broker insights or drop a note. Stay disciplined; the week’s rolling.
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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.