📊 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.


