Technical Analysis Summary - January 8, 2026

EURUSD Analysis

The EURUSD currency pair has recently broken its daily upward channel, indicating a potential bearish trend. Analysts suggest a sell position, with a target support level at 1.1600. This movement is part of a medium-term correction that began earlier, suggesting further downside potential.

WTI Crude Oil Analysis

WTI crude oil has shown a reversal from a significant support zone, which is expected to lead to a bullish trend. Analysts recommend a buy position, anticipating a rise towards the resistance level of 58.50. The support level of 55.2 has historically provided a strong reversal point, reinforcing the bullish outlook.

Bitcoin Analysis

Bitcoin has recently reversed from a resistance zone, indicating a bearish trend. Analysts suggest a sell position, with a target support level at 87,330. The resistance level of 93,285 has been a strong barrier since November, and the current price action suggests a continuation of this downward movement.

Brent Crude Oil Analysis

Brent crude oil has also reversed from a resistance zone, leading to a bearish outlook. Analysts recommend a sell position, with a target support level at 58.40. The resistance level of 62.00 has previously acted as a strong support, now flipped to resistance, indicating potential further declines.

EURGBP Analysis

The EURGBP currency pair has reversed from a support zone, suggesting a bullish trend. Analysts recommend a buy position, with a target resistance level at 0.8725. The support level of 0.8660 has historically provided a strong base, indicating potential for upward movement.

NZDCAD Analysis

NZDCAD has shown a reversal from a support zone, indicating a bullish trend. Analysts suggest a buy position, with a target resistance level at 0.8025. The long-term support level of 0.7850 has been a significant reversal point since April, reinforcing the bullish outlook.