FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

Jan 19, 2026

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

Technical analysis of Gold's daily chart confirms the establishment of a defined bullish channel, validated by three distinct touches of both its upper and lower boundaries. 
While higher timeframes (monthly and weekly) show oscillators persisting in extended overbought territory, the daily Relative Strength Index (RSI) exhibits a notable bearish divergence, having formed a sequence of three successively lower peaks against the prevailing uptrend. 
In accordance with this structure, the operative strategy is to trade within the channel parameters: executing sell orders near the upper boundary at approximately $4660 and buy orders near the lower boundary around $4420, until a decisive channel breach occurs. 
Risk management will employ a short-term stop-loss at $4400 and a medium-term stop-loss at $4275.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

Consistent with the prior technical assessment, the EUR/USD pair has extended its decline for a third consecutive week following a rejection from the upper boundary of its multi-month consolidation range, approximately at the 1.1800 level. 
This sustained bearish momentum increases the likelihood of a continued descent toward the critical support zone at 1.1500. 
Within the prevailing consolidation structure, a range-trading approach—deploying long positions upon approach of support and short positions near resistance—retains validity. 
A decisive and sustained bullish breakout above the 1.1800 resistance is necessary to invalidate the current bearish bias and signal a new buying opportunity. 
Conversely, a confirmed breach below the 1.1500 support would indicate a structural breakdown and the probable inception of a broader downtrend.
 

 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

The USTEC index, following last week's bullish breakout from a prior symmetrical triangle pattern, has encountered significant resistance near the 25,850 level—a zone it has now tested and rejected on three separate occasions over the past three months. 
This interaction has defined a notable resistance plane, while a series of consecutively higher swing lows has concurrently established a rising support trendline, forming a new bullish ascending triangle pattern on the chart. 
Although the structure itself is traditionally constructive, coincident technical indicators presently exhibit neutrality, providing no clear directional bias for the impending breakout.
In light of this equilibrium, a trigger-based strategy is warranted. A confirmed daily close above the 25,850 resistance would activate a buy signal, whereas a confirmed daily close below the 25,100 support would constitute a sell signal, defining the operational parameters for the next directional phase.
 

To open Live account click here 

Previous Post
Technical analysis of commodities
Next Post
Technical analysis of currencies
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all