📊 Technical Analysis — March 17, 2026

📊 Technical Analysis — March 17, 2026

17 3月 2026, 10:32
Masayuki Sakamoto
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📊 Technical Analysis — March 17, 2026

■ Market Phase

👉 The market is currently in a transition phase:

  • Short-term: Risk-on rebound

  • Medium-term (daily trend): Still risk-off

In other words:

“Early-stage reversal, but the primary trend has not changed yet.”


🌍 Updated Market Structure

Conclusion

  • Short-term: Risk-on (rebound phase)

  • Daily trend: Still risk-off

Market Status
U.S. Equities Rebounding (but weak on daily)
FX USD correcting
Yen Crosses Rising (risk-on signal)
Oil 🔥 Strong uptrend
Precious Metals ❌ استمرار downtrend
BTC Pullback

💱 FX (Key Insights)

EUR/USD

  • Short-term: Strong Buy

  • Daily: Strong Sell

Sell-the-rally market


GBP/USD

➡ Same structure: Sell rallies


AUD/USD

  • Daily: Strong Buy

Exceptionally strong currency


NZD/USD

➡ Weak → Sell rallies


💴 Yen Crosses (Key Shift)

This is the most important change in the market 👇

Pair Status
AUD/JPY 🔥 Strong Buy
GBP/JPY Strong Buy
EUR/JPY Buy
CHF/JPY Strong Buy

Short-term risk-on confirmed


🛢 Oil
  • All timeframes: Strong Buy

The main driver of this market


🥇 Precious Metals
  • GOLD / SILVER → Broad-based selling


🪙 BTC
  • Short-term: Sell

  • Daily: Buy

Pullback within uptrend


📉 Equities
  • Daily: Strong Sell

  • Short-term: Rebound

Corrective bounce within a downtrend


🌍 Currency Strength

Strong

1️⃣ AUD
2️⃣ JPY (slightly weakening)
3️⃣ CAD

Weak

1️⃣ EUR
2️⃣ GBP
3️⃣ NZD


📊 Best Short Opportunities

1️⃣ GOLD (XAU/USD)
2️⃣ SILVER (XAG/USD)
3️⃣ EUR/USD (sell rallies)
4️⃣ GBP/USD (sell rallies)
5️⃣ NZD/USD


📈 Best Long Opportunities

1️⃣ Crude Oil (WTI) 🔥 strongest
2️⃣ AUD/JPY
3️⃣ GBP/JPY
4️⃣ EUR/JPY
5️⃣ CHF/JPY


🧠 Core Market Logic

Current structure:

Equities ↓ (daily trend) Short-term rebound JPY weakens → Yen crosses rise

At the same time:

Energy ↑↑↑

👉 Oil remains the dominant force


📌 One-Line Summary

“Short-term risk-on, but the main trend is still risk-off.”


🎯 Strategy (Tailored to Your Style)

Given your trend + structure-based approach, this is the optimal positioning:


✔ Main Strategy

👉 Long Oil (Top Priority)

  • Strong trend across all timeframes

  • Core driver of current market


✔ Secondary Strategy

👉 Short-term longs in yen crosses

  • Take advantage of risk-on rebound

  • Focus on AUD/JPY, GBP/JPY


✔ Primary Setup to Build

👉 Wait for EUR/USD rally → sell

  • Aligns with higher timeframe downtrend

  • Higher probability setup after rebound completes


📌 Key Insight

This is not a market to blindly chase momentum.

👉 It’s a “transition phase” market:

  • Trade short-term rebounds

  • But position for continuation of the broader trend

This is exactly the kind of environment where
structure-based traders outperform.