Free Forex Trading Signals For 1.21.2026
I’m piecing together today’s signals amid Lunar New Year buzz that’s got everyone on edge about thinner volumes. It’s January 21st already—feels like 2026’s picking up speed—and with that cooler US producer data still echoing, the dollar’s lost a touch of its grip, letting majors breathe while gold’s on an absolute rampage that harks back to those wild 2023 days when everyone piled into havens. I’ve been at this desk for what seems like forever, charting these moves through jet-lagged eyes, blending the cold hard SMA lines with the kind of street-smart reads you pick up from years of dodging market landmines. These calls are my take on the action; always layer in your own stops and never trade on borrowed conviction. Let’s crack on and see where the money’s hiding today.
EUR/USD
Current Price: 1.1705
The Euro’s given back some of yesterday’s gains, easing from around 1.1730 as dollar bids crept back in overnight, probably on fresh Fed jawboning about rates staying put. Peeling back from early January’s 1.1599 bottoms up to recent 1.1732 pops, it’s now flirting just above the 10-day SMA at 1.1710 but below the 20-day at 1.1720, suggesting the bullish spark might be flickering out amid eurozone export worries. Trading out of HK has shown me how Asia’s demand swings hit the euro hard, and this pullback doesn’t surprise with supply chains still kinked—though I’ve seen quick flips when ECB surprises with optimism. Feels like sellers testing the waters; if it holds 1.1680, buyers could regroup.
- Trend: Bullish fading
- Entry Point: Sell at 1.1715
- Stop Loss: 1.1740 (above recent highs)
- Take Profit: 1.1670 (targeting support)
GBP/USD
Current Price: 1.3403
Cable’s slipped from 1.3446, consolidating lower as UK consumer confidence dipped and sterling flows thinned ahead of the holiday. From the month’s 1.3373 nadirs up to 1.3446 spikes, it’s dipped below the 10-day SMA at 1.3430 while hugging the 20-day at 1.3415, pointing to bears nibbling at the edges of what was a tentative recovery. Sterling’s always had that plucky vibe in my book, bouncing when least expected on domestic beats—like those resilient service sector reads—but with energy markets volatile, this retreat echoes past winters where cold snaps hit sentiment. Not chasing shorts blindly; waiting for clarity below 1.3380.
- Trend: Neutral to bearish
- Entry Point: Sell on rally to 1.3420
- Stop Loss: 1.3450 (guarding rebound)
- Take Profit: 1.3360 (eyeing lows)
USD/JPY
Current Price: 158.02
The Dollar-Yen’s ticked up slightly from 157.83, rebuilding momentum as yield gaps widened again despite yen haven whispers. Charting from December’s 156.25 floors to January’s 158.89 ceilings, it’s reclaimed space above the 10-day SMA at 157.90 and the 20-day at 157.70, reviving bullish undertones after last week’s wobble. This pair’s yield chase has lined my pockets through thick and thin, but with BOJ eyeing subtle tweaks amid inflation ticks, this grind higher feels cautious—reminds me of those 2022 interventions that yanked it back sharp. Bulls in play, but I’m sizing small up here.
- Trend: Bullish recovery
- Entry Point: Buy at 157.90
- Stop Loss: 157.40 (below pivot)
- Take Profit: 158.60 (pushing resistance)
Gold (XAU/USD)
Current Price: 4862.74
Gold’s extended its blistering rally from 4744.46, smashing through barriers on escalating safe-haven frenzy tied to global flashpoints and sticky inflation reads. From the year’s 4420 launch to this stratospheric push, it’s soared past the 10-day SMA at 4800 and 20-day at 4750, cementing a bullish juggernaut that’s got local jewelers buzzing ahead of New Year gifting. Gold’s been my steadfast ally in turbulent spells, and in 2026’s brew of uncertainties—from AI job shifts to supply woes—this climb makes perfect sense, though overbought territory screams potential exhaustion. I’ve ridden these waves profitably; dips are where I’d add.
- Trend: Bullish overdrive
- Entry Point: Buy on pullback to 4830.00
- Stop Loss: 4780.00 (under SMA)
- Take Profit: 4920.00 (round extension)
BTC/USD
Current Price: 89160.75
Bitcoin’s continued its correction from 91094.95, sliding on profit-taking waves and fresh reg scrutiny out of the US. After January’s 96k flirtation down to this retreat, it’s breached the 10-day SMA at 90000 while testing the 20-day at 89500, entrenching bearish vibes in what was a hot streak. Crypto’s wild rides have schooled me in patience—booms like mid-month’s often precede these purges—but with blockchain adoption humming in Asia, this could bottom soon. Not my pick for longs today; eyeing stabilization before dipping toes back in.
- Trend: Bearish
- Entry Point: Sell at 89500.00
- Stop Loss: 90500.00 (above resistance)
- Take Profit: 87500.00 (probing support)
Summary Table for January 21st, 2026
| Asset | Current Price | Trend | Entry Point | Stop Loss | Take Profit |
|---|---|---|---|---|---|
| EUR/USD | 1.1705 | Bullish fading | Sell at 1.1715 | 1.1740 | 1.1670 |
| GBP/USD | 1.3403 | Neutral to bearish | Sell at 1.3420 | 1.3450 | 1.3360 |
| USD/JPY | 158.02 | Bullish recovery | Buy at 157.90 | 157.40 | 158.60 |
| Gold (XAU/USD) | 4862.74 | Bullish overdrive | Buy at 4830.00 | 4780.00 | 4920.00 |
| BTC/USD | 89160.75 | Bearish | Sell at 89500.00 | 90500.00 | 87500.00 |
That’s my read on today’s chaos—markets twisting like the dragon dances prepping for New Year. If these levels spark your strategy or you’ve got a contrarian view, check out @topfxbrokers on X for more broker insights or chime in. Stay vigilant; one data drop can change everything.
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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.