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NZDUSD (1HR)
Ahead of the upcoming trading week, NZD/USD pulled back in its last trading and had broken the 0.6070 resistance level. The price declined in its last trading session by around 1% pressured by profit-taking after entering overbought conditions on the relative strength indicators which prompted a corrective pull-back. The decline came after the pair successfully broke above its previous resistance and now 0.6000 psychological level now acting as an important support zone.
Near-term direction remains uncertain. Technical indicators are now showing mixed signals with momentum indicators easing while trend indicators continue to reflect residual bullish bias. We’ll be seeing how the pair develops over the coming week.
USDCNH (1HR)
Ahead of the upcoming trading week, USDCNH presents a mixed technical outlook across multiple time frames. On shorter time frames, (30min, 1hr and 4hr) indicates bullish sentiment across different technical indicators. Bigger time frames continue to signal broader bearish momentum as moving averages continue to support this downside bias.
The Chinese Yuan strengthened to 6.94 per dollar at the end of this week’s trading session and extended the gains for a fourth consecutive month. The currency has been supported by an improving domestic outlook, underpinned by China’s sizeable trade surplus, renewed investor interest in local equities, and rising expectations of additional policy stimulus. Additionally, the currency is also driven by the increased conversions of foreign earnings into yuan ahead of the Lunar New Year Holiday.
BTCUSD (BITCOIN) UPDATE
Trend: Down
- The break below 80000 puts the 2025 low at 74268, a level the bulls do not want to see broken, on the radar.
- 80000 has replaced 90000 as the pivotal level, only back above it would cool the risk.
- Note, given the volatility in this crypto, pivotal (psychological) round number levels are often more important than fine tuning specific chart points. This makes 75K and 80K levels to watch.
BTCUSD WEEKLY CHART
An active economic and event filled calendar to start the new month
Newsquawk Week Ahead Highlights 2-6th February 2026
BTCUSD (BITCOIN) UPDATE
This is a crucial period for BTCUSD as it needs to hold 80000 or risk a move to the level that bulls hanging on do not want to see broken at 74000 (note given the volatility in BTCUSD I prefer to round off to the nearest round number).
4 HOUR chart shows a double top around 84557, rounding up makes 85000 the key level on top.
BTCUSD WEEKLY CHART
XAGUSD (SILVER) UPDATE
One for the history books as the bubble bursts.
- 121.55 => 73.40 Â = 39.6% drop from the high (that is not a % retracement but a % freefall)
- 118.46 => 73.40 = 38% drop in 1 day
To put it in perspective, imagine the headlines if US500 fell 38% in one day from 6900 => 4278 (-2622 pts)
Chart: Big wick to the low suggests exhaustion with layers of support below. Watch out for thin liquidity as logic says those still standing will likely look for other markets to trade while others will look to pick up the pieces from shattered accounts.
Experienced traders will say markets do not move this way when they get it right.
XAGUSD DAILY CHART
Newsquawk US Market Wrap Part 2
(Right click on any image (or chart) to open a full screen in a new tab)
Newsquawk US Market Wrap Part 1
(Right click on any image (or chart) to open a full screen in a new tab)
EURUSD 4h
Earlier today I gave you an end of the week gift : We got a marginally lower low and now next opportunity for trade might occur if this bar closes below 1.19250 – Sell.
And Sell it was – good for about 50 pips
In case we get some interest in postings like this , write us email and I might do just that…if not on a daily basis, but couple of times per week…
SNDK shares rose 25% to $640.68. Sandisk delivered a strong earnings beat, reporting adjusted earnings per share of $6.20, well above Wall Street’s consensus estimate of $3.62. Revenue also exceeded expectations coming in at $3.03 billion compared with analysts’ forecasts of $2.69 billion. Looking ahead, the company issued an optimistic outlook for the current quarter, guiding revenue to a range with a midpoint of $4.6 billion, significantly higher than the average analyst estimate of $2.93 billion.
AUDUSD (4H) traded around 0.701 hovering near the three-year high and is looking like heading for its second consecutive weekly gain. The move has been supported by a broadly weaker US dollar and growing expectations that the Reserve Bank of Australia will raise interest rates at its meeting next week. The Reserve Bank of Australia is set to meet on tuesday and all four of Australia’s major banks are forecasting a rate hike to 3.85%. However, it is still unclear whether the decision will be unanimous.
AUDUSD declined yesterday and currently showing signs of consolidation after reaching overbought levels with negative signals beginning to appear on momentum indicators. However the move reflects a temporary slowdown rather than a shift in trend as the price remains supported above the EMA50, which continues to reinforce the broader bullish structure in the short term.
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