enDaily Analysis 22/01/2026
Latest Economic Insights
Top headlines:
The U.S. Dollar Index stabilized near 98.8 as tensions between Washington and Europe eased.
Trump’s rollback of tariff measures weighed on gold prices, reducing demand for safe-haven assets.
Markets are closely watching upcoming U.S. inflation data (PCE) and GDP figures.
Oil posted modest gains despite ongoing concerns over a potential global supply surplus.
Bitcoin remains below the $90,000 level as it attempts to establish a new support base.
Smart technical reports
How they work
A likely scenario for today is proposed, and the probability of this scenario occurring according to technical analysis may be between 60% and 75%.
If the first scenario fails, the probability of the second scenario occurring becomes between 60% and 75%.
The first scenario fails when the price reaches the level of the alternative scenario condition, and immediately the alternative scenario is activated and the prediction from the first scenario is cancelled.
These reports are not considered a substitute for a trader’s decision, but rather a tool to assist the follower in making their own decisions, as a reference based on the principles of classical technical analysis.
GOLD
Trend: Bullish
Timeframe: 30 minutes
Current Price: 4,833.43
Primary Scenario: Buy on a breakout above 4,848.26
Targets: 4,859.72 followed by 4,874.84
Alternative Scenario: Sell on a break below 4,821.39
Targets: 4,807.01 followed by 4,790.41
Note: Gold remains within a well-defined ascending channel, supported by strong bullish momentum. A confirmed breakout above resistance would reinforce the continuation of the upward trend.
CRUDE OIL
Trend: Weak bullish bias within a range
Timeframe: 30 minutes
Current Price: 60.383
Primary Scenario: Buy on a breakout above 60.684
Targets: 61.044 followed by 61.392
Alternative Scenario: Sell on a break below 60.186
Targets: 59.826 followed by 59.396
Note: Oil prices are moving sideways following a prior rally and are currently trading near a key resistance level. A confirmed breakout or breakdown is likely to determine the next directional move.
EURUSD
Trend: Corrective bearish
Timeframe: 30 minutes
Current Price: 1.16959
Primary Scenario: Buy on a breakout above 1.17110
Targets: 1.17338 followed by 1.17544
Alternative Scenario: Sell on a break below 1.16806
Targets: 1.16632 followed by 1.16430
Note: The pair is under pressure from the moving averages and continues to trade below key resistance. The bias remains toward selling unless a clear breakout occurs.
GBPUSD
Trend: Sideways with a slight bullish bias
Timeframe: 30 minutes
Current Price: 1.34358
Primary Scenario: Buy on a breakout above 1.34444
Targets: 1.34620 followed by 1.34819
Alternative Scenario: Sell on a break below 1.34152
Targets: 1.33953 followed by 1.33764
Note: The pair is trading within a narrow consolidation range. A decisive breakout in either direction is likely to determine the next trend.
NAS100
Trend: Corrective bullish within a broader downtrend
Timeframe: 30 minutes
Current Price: 25,587.50
Primary Scenario: Buy on a breakout above 25,619.75
Targets: 25,739.00 followed by 25,846.75
Alternative Scenario: Sell on a break below 25,462.75
Targets: 25,358.00 followed by 25,250.00
Note: The price has rebounded strongly from the recent low, forming a rapid upward move. However, it remains below the major moving averages. A breakout above 25,619 is required to sustain positive momentum.
Economic Calendar
(Times are in GMT+3)
From the United States:
Gross Domestic Product (QoQ) – Q3 | 16:30
Weekly Initial Jobless Claims | 16:30
Core Personal Consumption Expenditures (PCE) Price Index (MoM) | 18:00
Core Personal Consumption Expenditures (PCE) Price Index (YoY) | 18:00
U.S. Crude Oil Inventories | 20:00
Fundamental Analysis
- The U.S. Dollar and Monetary Policy:
The U.S. Dollar Index stabilized around the 98.8 level on Thursday, holding onto gains from the previous session, as geopolitical and trade tensions between the United States and Europe eased over the Greenland issue.
•
This stability followed remarks by U.S. President Donald Trump, who indicated that:
An agreement to resolve the dispute is imminent
The use of military force has been ruled out
The imposition of tariffs on European countries has been postponed
•
These statements helped alleviate concerns over a potential military or trade escalation, restoring a degree of confidence in U.S. assets and providing relative support to the dollar.
•
However, uncertainty persists after European lawmakers suspended approval of the EU–U.S. trade agreement, keeping political risks in the background.
•
On the monetary policy front, investors are closely awaiting today’s releases of:
Gross Domestic Product (GDP)
Initial Jobless Claims
The Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation gauge, which could shape expectations regarding future interest rate cuts or a prolonged policy hold.
•
Market pricing currently points to an interest rate hold at the upcoming meeting, with the possibility of cumulative rate cuts of up to 50 basis points later this year.
- Gold & Silver:
Gold declined by more than 1%, falling toward the $4,780 per ounce level and retreating from its recent record highs.
•
The pullback in the yellow metal was driven by:
Easing geopolitical risks
Trump’s decision to roll back tariff measures
Reduced demand for safe-haven assets
•
However, gold continues to find medium-term support from:
Ongoing global fiscal and financial concerns
Weakness in certain bond markets, particularly in Japan
Expectations of U.S. interest rate cuts later in the year
•
Accordingly, the current decline is best viewed as a corrective move rather than a full trend reversal.
- Oil:
Oil prices edged higher, with Brent crude trading near $64 per barrel and WTI hovering around the $60–61 range.
•
The gains were supported by:
The postponement of trade measures against Europe
Ongoing supply disruptions in Kazakhstan following a force majeure declaration at one of its major fields
Weaker Venezuelan exports
•
However, upside momentum remained limited due to:
Warnings from the International Energy Agency of a significant global supply surplus this year
A rise in U.S. crude oil inventories by approximately 3 million barrels
•
As a result, the oil market continues to trade between supply-side risks and persistent oversupply pressures.
Bitcoin:
Bitcoin extended its weakness, slipping below the $89,500 level as the market entered a phase of consolidation and correction following the recent sell-off.
•
At present:
Key support is seen in the $88,000–$89,000 zone
A sustained break above $92,000 could restore bullish momentum
•
However, as long as prices remain below this resistance level, the short-term outlook remains cautious.
Risk Disclaimer
Any information/articles/materials/content provided by WRPRO or displayed on its website is intended to be used solely for educational purposes only and does not constitute investment advice or a consultation on how the client should trade.
Although WRPRO has taken care to ensure that the content of such information is accurate, - it cannot be held responsible for any omission/error/miscalculation and cannot guarantee the accuracy of any material or any information contained herein.
Therefore, any reliance you place on such material is strictly at your own risk. Please note that the responsibility for using or relying on such material rests with the client and WRPRO accepts no liability for any loss or damage, including without limitation, any loss of profit which may arise directly or indirectly from the use of or reliance on such information.
Risk Warning: FX/CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. You should consider whether you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money.
You should make sure that, depending on your country of residence, you are allowed to trade with WRPRO products. Please ensure that you are familiar with the company’s risk disclosure.
