Free Forex Trading Signals For 1.6.2026
As the first full trading week of 2026 ramps up, markets are showing that familiar post-holiday energy—some assets surging on renewed optimism, others pulling back as realities set in. I’ve been tracking these moves since the ball dropped, and it’s fascinating how quickly sentiment can shift with early-year data releases, like those preliminary PMI numbers trickling out. In my experience, January often exaggerates trends from December, but this year feels different with tech innovations pushing crypto boundaries and central banks playing it close to the vest. These signals are drawn from the overnight action I’ve monitored, blending chart patterns with broader economic vibes. Remember, no signal’s foolproof—always layer in your own risk management, especially with volatility spiking.

EUR/USD
Current Price: 1.1704
The Euro’s clawed back some ground overnight, rising from yesterday’s 1.1676 close amid whispers of ECB policy tweaks supporting the bloc’s recovery. Since early January, it’s bounced between 1.1660 and 1.1720, with the 10-day SMA now at 1.1695 crossing above the 20-day at 1.1690, hinting at a budding reversal. I’ve always seen EUR/USD as a barometer for transatlantic divides, and right now, with US yields easing a tad, this uptick isn’t surprising—though I’d be wary of any hawkish Fed surprises derailing it. That 1.1720 ceiling looks tempting if momentum holds.
- Trend: Bullish reversal
- Entry Point: Buy at 1.1690
- Stop Loss: 1.1670 (below recent lows for buffer)
- Take Profit: 1.1730 (aiming for resistance break)
GBP/USD
Current Price: 1.3517
Cable’s powered higher from 1.3454, breaking out of its holiday range to test 1.3520, fueled by upbeat UK retail data beating expectations. The pair’s climbed steadily since New Year’s, with the 10-day SMA at 1.3480 now well above the 20-day at 1.3455, confirming bullish control. From where I sit, GBP’s got that Brexit-resilient spark, especially with energy markets stabilizing—makes me think this rally has legs, but overbought RSI levels around 65 suggest a breather might be due. Still, favoring the upside here.
- Trend: Bullish
- Entry Point: Buy on dip to 1.3495
- Stop Loss: 1.3460 (under the 10-day SMA)
- Take Profit: 1.3550 (targeting round resistance)
USD/JPY
Current Price: 156.40
The Dollar-Yen’s dipped from 156.77, retreating toward 156.30 as yen safe-haven flows pick up amid global equity jitters. Over the past few sessions, it’s consolidated below 157.00, with the 20-day SMA at 156.55 holding as resistance and the 10-day at 156.45 slipping lower. I’ve traded this pair through enough cycles to know it’s hypersensitive to BOJ signals, and with intervention chatter heating up, this pullback feels like a setup for sellers—though if US data shines, it could flip fast.
- Trend: Bearish correction
- Entry Point: Sell at 156.50
- Stop Loss: 156.80 (above recent highs)
- Take Profit: 155.90 (eyeing support)
Gold (XAU/USD)
Current Price: 4467.58
Gold’s extended its new-year rally from 4421, charging toward 4470 as inflation hedges dominate amid mixed bond yields. The metal’s up sharply since December’s close, with the 10-day SMA at 4410 blasting past the 20-day at 4375, painting a solidly bullish picture. Personally, I treat gold like an old friend in turbulent times—2026’s starting with enough uncertainty (think supply chain kinks) to keep buyers engaged, but at these highs, I’m mindful of profit-taking waves that’ve caught me off guard before.
- Trend: Bullish
- Entry Point: Buy at 4450.00
- Stop Loss: 4420.00 (below key support)
- Take Profit: 4500.00 (pushing for psychological level)
BTC/USD
Current Price: 94358.35
Bitcoin’s kept the party going, surging from 92740 to flirt with 94500 on fresh ETF inflows and adoption buzz. The crypto king’s flipped its 10-day SMA to 92500 above the 20-day at 91000, entrenching the uptrend. I’ve ridden enough BTC waves to respect its mania phases, and this feels like one—regulatory green lights could propel it further, but volatility’s baked in, so I’m not chasing without a safety net. Solid for bulls, but watch those overextended indicators.
- Trend: Bullish
- Entry Point: Buy on pullback to 93800.00
- Stop Loss: 92500.00 (under the 10-day SMA)
- Take Profit: 95500.00 (aiming high)
Summary Table for January 6th, 2026
| Asset | Current Price | Trend | Entry Point | Stop Loss | Take Profit |
|---|---|---|---|---|---|
| EUR/USD | 1.1704 | Bullish reversal | Buy at 1.1690 | 1.1670 | 1.1730 |
| GBP/USD | 1.3517 | Bullish | Buy at 1.3495 | 1.3460 | 1.3550 |
| USD/JPY | 156.40 | Bearish correction | Sell at 156.50 | 156.80 | 155.90 |
| Gold (XAU/USD) | 4467.58 | Bullish | Buy at 4450.00 | 4420.00 | 4500.00 |
| BTC/USD | 94358.35 | Bullish | Buy at 93800.00 | 92500.00 | 95500.00 |
Wrapping up today’s outlook—markets are alive and kicking in 2026, but stay nimble. If you’ve spotted different patterns or have questions on these calls, sound off below. Here’s to profitable trades ahead.

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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.
