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Today Technical Analysis: Us Dollar Strengthens Against Major Currencies As DXY Nears 97.00 Level

February 12, 2026, 07:19

strengthens against major currencies as DXY nears 97.00 level

USDJPY Technical Analysis

USDJPY remains in a broader bearish structure. The pair has been forming lower highs and lower lows since topping near 156.28. However, the current move shows a bounce to 153.43

Price is still below the 30-period moving average. The moving averages MA(5), MA(10), and MA(30) are attempting to cross upward, indicating a short term relief rally, but this is still corrective unless price reclaims 154.00.

MACD has crossed above the signal line and it is turning positive, indicating short-term bullish momentum. However, MACD remains below the zero line, meaning this is still counter trend momentum within a bearish structure.

The bias for USDJPY is bearish overall. If price fails below 154.00 and rolls over, the downtrend likely continues. A sustained break above 155.00 would invalidate the bearish structure.

USDJPY 1H Chart

USDJPY 1H Chart 12-02-2026
Resistance153.70154.00154.66
Support152.28152.00151.87

Gold Technical Analysis

Gold is consolidating in a tight range after rejecting from $5,120. The structure remains bullish overall, but short term momentum is cooling.

The three major moving averages MA(5), MA(10), and MA(30) are mostly flat. This indicates indecision.

MACD is slightly negative and below the signal line, showing mild bearish momentum. However, the indicator shows that the selling pressure is not strong.

Gold currently trades in a range with bullish higher-timeframe structure. A break below $5,040 would shift shor -term bias bearish. A breakout above $5,120 confirms continuation for the upside.

Gold 1H Chart

Gold 1H Chart 12-02-2026
Resistance$5,097$5,120$5,150
Support$5,045$5,020$5,000

Nasdaq Technical Analysis

The Nasdaq is currently in a short-term consolidation phase after a strong recovery from the 24,160 low. The market printed a higher low followed by a higher high near 25,395, confirming bullish structure earlier in the week. However, momentum has clearly slowed.

Price is trading slightly above the 30-period moving average and hovering around MA(5) and MA(10) which are now flattening.

MACD is near the zero line. Momentum is neutral. There is no strong bearish divergence visible yet, but upside momentum has clearly faded compared to the earlier impulse leg.

The overall bias for Nasdaq is neutral to bullish. A clean break above 25,450 likely resumes upside. A break below 25,150 could trigger a pullback toward 25,000.

Nasdaq 1H Chart

Nasdaq 1H Chart 12-02-2026
Resistance25,27425,31225,361
Support25,18625,12625,096
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