Free Forex Trading Signals For 1.8.2026
Wrapping up the week’s early sessions in 2026, and the forex landscape is showing that classic Thursday churn—positions squaring off ahead of key US non-farm payrolls tomorrow, with some pairs buckling under dollar pressure while others tease reversals. I’ve been charting these moves all week, nursing my morning brew, and it’s striking how quickly the new-year optimism has given way to data-driven realism, especially with those lingering supply chain hiccups from Asia feeding into inflation bets. Drawing from the price swings I’ve clocked since Monday, these signals mix solid technical cues with my own read on the macro pulse—think Fed hawkishness clashing with global growth doubts. No crystal ball here, but trade with stops tight; weekends can brew surprises.
EUR/USD
Current Price: 1.1659
The Euro’s extended its slide overnight, dipping from yesterday’s 1.1688 amid firmer dollar yields and eurozone PMI misses that hit the wires. From the week’s open around 1.1676, it’s carved lower highs down to 1.1650 support, with the 10-day SMA now at 1.1680 lagging the 20-day at 1.1690, cementing the downtrend. I’ve seen this pair get hammered when US data outperforms, and with payrolls looming, this feels like more downside brewing—though a dovish ECB pivot could offer brief relief. That 1.1650 floor’s been tested; if it cracks, watch out below.
- Trend: Bearish
- Entry Point: Sell at 1.1670
- Stop Loss: 1.1695 (above the 10-day SMA)
- Take Profit: 1.1635 (targeting deeper support)
GBP/USD
Current Price: 1.3420
Cable’s tumbled from 1.3484, breaking lower as UK growth forecasts got trimmed and sterling flows dried up. The pair’s retraced much of its early-week gains, slipping from 1.3517 peaks to hover near 1.3410, with the 10-day SMA at 1.3465 now crossing below the 20-day at 1.3475, signaling bears gaining ground. In my trading days, GBP’s often the canary for risk sentiment, and this drop ties into broader equity wobbles—still, if BOE minutes surprise hawkish, it might stem the bleed. Not a fan of chasing shorts here without confirmation.
- Trend: Bearish acceleration
- Entry Point: Sell on rally to 1.3440
- Stop Loss: 1.3470 (guarding against rebound)
- Take Profit: 1.3380 (eyeing channel low)
USD/JPY
Current Price: 157.00
The Dollar-Yen’s climbed from 156.47, pushing through 157.00 on yield spread widening and yen weakness persisting. Weekly action’s seen it rebound from 156.30 dips, with the 10-day SMA at 156.60 overtaking the 20-day at 156.50, bolstering the upmove. I’ve wagered on this pair during rate divergence plays before, and with BOJ stuck in neutral, this ascent looks sustainable—unless intervention talk ramps up, which has clipped wings in the past. Momentum’s with buyers, but overbought vibes are creeping in.
- Trend: Bullish
- Entry Point: Buy at 156.80
- Stop Loss: 156.40 (below recent pivot)
- Take Profit: 157.50 (testing higher resistance)
Gold (XAU/USD)
Current Price: 4428.82
Gold’s eased further from 4447, consolidating around 4425 as dollar strength caps upside despite ongoing haven chatter. From the year’s 4421 open, it’s meandered with mild pullbacks, the 10-day SMA at 4425 holding just above the 20-day at 4410, keeping bulls in play but tempered. Gold’s my perennial hedge against chaos, and with 2026’s early tensions, this dip feels opportunistic—yet if equities rally on data, it could extend the fade. Been there on false breakouts; patience pays.
- Trend: Bullish but consolidating
- Entry Point: Buy on dip to 4420.00
- Stop Loss: 4390.00 (under SMA)
- Take Profit: 4460.00 (recovering momentum)
BTC/USD
Current Price: 89595.55
Bitcoin’s continued its correction from 91519, plumbing 89000 depths on regulatory headlines and profit locks. The drop’s accelerated mid-week, flipping the 10-day SMA to 91000 below the 20-day at 92000, entrenching bearish territory. Crypto’s taught me to expect the unexpected, but this sell-off reeks of post-rally fatigue—though a fresh ETF wave could ignite buyers. Not touching longs until it stabilizes; volatility’s the name of the game.
- Trend: Bearish
- Entry Point: Sell at 89800.00
- Stop Loss: 90500.00 (above resistance)
- Take Profit: 88000.00 (probing lower)
Summary Table for January 8th, 2026
| Asset | Current Price | Trend | Entry Point | Stop Loss | Take Profit |
|---|---|---|---|---|---|
| EUR/USD | 1.1659 | Bearish | Sell at 1.1670 | 1.1695 | 1.1635 |
| GBP/USD | 1.3420 | Bearish acceleration | Sell at 1.3440 | 1.3470 | 1.3380 |
| USD/JPY | 157.00 | Bullish | Buy at 156.80 | 156.40 | 157.50 |
| Gold (XAU/USD) | 4428.82 | Bullish but consolidating | Buy at 4420.00 | 4390.00 | 4460.00 |
| BTC/USD | 89595.55 | Bearish | Sell at 89800.00 | 90500.00 | 88000.00 |
Closing out today’s breakdown—eyes on tomorrow’s data dump for the real fireworks. If these levels shift your strategy or spark ideas, share in the comments. Trade sharp, folks.
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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.