📊 Technical Analysis — February 23, 2026

📊 Technical Analysis — February 23, 2026

23 2月 2026, 10:35
Masayuki Sakamoto
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📊 Technical Analysis — February 23, 2026

📊 Market Overview

“Short-term USD-led rebound, while cross-yen pairs and metals stay strong — a fragmented market.”

✔ Cross-yen pairs are strong
✔ AUD complex is strong
✔ Gold & silver maintain higher-timeframe trends
✔ BTC remains weak

This is not a broad one-direction market — divergence across assets is clear.


💱 Dollar Pairs

🔹 EUR/USD (1.1796)

Short-term: Weak
Intraday: Buy
Daily: Neutral

👉 Direction remains unclear.
Currently in a rebound phase within a mixed structure.


🔻 GBP/USD (1.3503)

Short-term: Selling pressure
Daily: Strong Sell

👉 Higher timeframe still weak.


🔺 AUD/USD (0.7077)

Short-term: Strong Buy
Daily: Strong Buy

👉 Current leading currency.
Most stable long structure in the market.


🔸 NZD/USD (0.5975)

Overall: Neutral

👉 No clear directional bias.


💴 Yen Crosses

🔺 EUR/JPY / GBP/JPY / CHF/JPY / CAD/JPY / AUD/JPY

Intraday: Strong Buy

👉 Yen selling is accelerating again.
Risk-on tone returning.


⚠ NZD/JPY

Structurally weaker.
NZD remains unstable relative to other commodity currencies.


🔺 USD/JPY (154.86)

Short-term–Intraday: Buy

👉 Uptrend resuming.
Yen weakness bias continues.


🥇 Gold (5,151)

Short-term: Corrective pullback
Intraday–Daily: Strong Buy

👉 Trend remains intact.
Pullback zone forming.


🥈 Silver (86.73)

Intraday–Daily: Strong Buy

👉 Higher volatility than gold.
Bullish structure intact.


🧊 BTC (66,559)

Intraday: Sell
Daily: Strong Sell

👉 Still structurally weak.
Capital rotating into metals.


🌍 Relative Strength Ranking

🔺 Strongest

  1. AUD

  2. Cross-yen pairs

  3. Gold

🔻 Weakest

  1. BTC

  2. GBP


🎯 Strategic Bias

🟢 Long Priority

  • AUD/USD

  • AUD/JPY

  • CAD/JPY

  • XAU/USD (on pullbacks)

🔴 Caution / Rally Sell

  • GBP/USD

  • BTC/USD


📝 One-Line Summary

“AUD and cross-yen pairs lead.
Metals remain buy-on-dips.
BTC stays weak.”

This is a selective market — asset-by-asset positioning matters.