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 follows a medium-term correction that has been in play since earlier trading sessions.

WTI Crude Oil Analysis

WTI crude oil has shown signs of recovery after reversing from a support zone. The analysis indicates a buy position, with expectations of a rise towards the resistance level of 58.50. The support zone is identified between the long-term support level of 55.2, which has historically reversed price movements.

Bitcoin Analysis

Bitcoin has recently reversed from a resistance zone, suggesting a bearish outlook. Analysts recommend a sell position, anticipating a decline towards the support level of 87,330. The resistance level of 93,285 has been a significant barrier since November, contributing to the current downward pressure.

NZDCAD Analysis

The NZDCAD pair has reversed from a support zone, indicating a bullish trend. Analysts suggest a buy position, with a target resistance level of 0.8025. The support level of 0.7850 has been a critical point since April, reinforcing the potential for upward movement.

Brent Crude Oil Analysis

Brent crude oil has reversed from a resistance zone, leading to a bearish outlook. Analysts recommend a sell position, with a target support level of 58.40. The resistance level of 62.00 has previously acted as a strong barrier, contributing to the recent price decline.

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 of 0.8725. The support level of 0.8660 has been a significant point of interest, providing a foundation for the recent upward movement.