Market Analysis 26 Jan 2026
In EURUSD, as precisely mentioned in Wednesday's analysis, the price received support from 1.16920-1.17200 and, after providing a close above the 1.18100, reached our target at 1.18420-1.18710. Now, if the price receives support at this point, it may continue to rise and reach our next targets at 1.18420-1.18710, 1.19020-1.19230, or even 1.19850-1.20040. However, if the price fails to find support here, it could decrease toward 1.18100 or 1.17200 to seek support. Additionally, if the price breaks below these levels and 1.16160 does not provide support, it could move toward the 1.15320 level for support; however, if this level also fails to support, then it could decrease further to reach targets at 1.14950, 1.13540–1.13750, and 1.13150–1.12890.
In WTI, as precisely mentioned in Wednesday's analysis, the price continued to increase and after breaking above 59.700–59.950, it reached our next target at the 60.980–61.400 zone. Now if the price breaks above this zone, it could increase and reach our targets at 61.850; additionally, if it closes above 62.500, it may continue to move toward the ranges of 62.900-63.550, 64.690, 65.710, 67.790-67.980, and even 69.100. However, if the 61.850 or 61.400 zones act as resistance, the price could decrease toward 59.930-59.600 and 58.700-58.230 to seek support. Furthermore, if it breaks this zone with a close below 57.400, then it could decline toward the levels of 56.570–56.180, 54.630, 52.020, and 49.880.
In XAUUSD, as precisely mentioned in Wednesday’s analysis. The price faced resistance at the 4883 level, then moved toward the 4791-477 zone, where it received support and started to increase; after closing above the 4890 zone, it reached all of our targets at 4932, 4982, 5031, and 5091. Now if the price continues to increase and breaks above 5091, it could continue to increase and reach our next targets at 5111-5117, 5170-5178, and 5256. However, the price might face resistance at the 5111-5117 or 5091 level and start to retrace some of its bullish momentum toward 5031, 4989, 4933-4924, 4883, 4845, and 4791-4777. and if it fails to receive support from these zones, then it could decrease further toward 4706, 4675-4665, 4641-4638, 4614-4606, and 4574-4566 for support.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the 6803-6788 zone supported the price, and it reached our targets at 6830-6837, 6864, 6880, and 6904-6914. Now if the price continues to increase and breaks above the 6978 level with a close above 6999, it could reach our next targets at the 7019-7031, 7054, and 7118-7141 zones. However, if the price faces resistance at the 6904-6914 zone, and it provides a close below 6845, then it could reach the 6837-6830, 6803-6788, 6785, 6750, 6727-6720, 6698, and 6675-6665 zones to seek support.
