📊 Technical Analysis — March 12, 2026

📊 Technical Analysis — March 12, 2026

12 3月 2026, 11:08
Masayuki Sakamoto
0
5

📊 Technical Analysis — March 12, 2026

Current market conditions can be summarized as:

1️⃣ Short term: Yen crosses are in correction (selling pressure)
2️⃣ Medium term: Yen depreciation trend remains intact
3️⃣ Commodities: Gold and silver rising, oil in a pullback
4️⃣ Equities: Short-term rebound, but daily trend still weak

In short, the market is currently in a phase of:

“Short-Term Correction × Medium-Term Trend Continuation.”

🌍 Overall Market Structure
Asset Condition
JPY Short-term strong
USD Neutral
AUD Medium-term strong
GBP Medium-term strong
Gold Rising
Silver Strong
Oil Pullback
Equities Short-term rebound

💱 Foreign Exchange (Dollar Pairs)

EUR/USD (1.155)

Short-term: Neutral
Daily: Strong Sell

Downtrend continues


GBP/USD

Short-term: Strong Buy
Daily: Neutral

Pound remains relatively strong


AUD/USD

Short-term: Sell
Daily: Strong Buy

Correction within a broader uptrend


NZD/USD

Short-term: Sell
Daily: Strong Sell

Weak structure


💴 Yen Crosses

Yen crosses are currently experiencing a short-term correction.

Pair Short-Term Daily
EUR/JPY Sell Buy
GBP/JPY Sell Strong Buy
AUD/JPY Sell Strong Buy
NZD/JPY Sell Strong Buy
CAD/JPY Sell Strong Buy

Short-term pullback, but the broader yen-weak trend remains intact.


🥇 Precious Metals

Gold

Short-term: Buy
Daily: Strong Buy

Uptrend


Silver

All timeframes: Strong Buy

Extremely strong momentum


🛢 Commodities

WTI Crude Oil (91)

Short-term: Sell
Daily: Strong Buy

Pullback within an uptrend


Natural Gas

Short-term: Sell


🪙 Bitcoin

Short-term: Strong Buy
Daily: Neutral

In recovery phase


📈 Equity Indices
Index Short-Term Daily
Dow Jones Rebound Strong Sell
S&P 500 Rebound Strong Sell
NASDAQ Strong Buy
DAX Rebound Sell
CAC Rebound Sell
Nikkei Rebound Neutral

Short-term rebound in equities


🌍 Currency Strength (Overview)

Strong Currencies

  • AUD

  • GBP

  • CAD

Weak Currencies

  • EUR

  • NZD

Short-Term Strong

  • JPY


🧠 Market Characteristics

The current market reflects:

  • Correction in yen crosses

  • Strong precious metals

  • Short-term rebound in equities

In other words, the market is in a mid-trend correction phase rather than a full trend reversal.