📊 Technical Analysis — March 18, 2026

📊 Technical Analysis — March 18, 2026

18 3月 2026, 11:06
Masayuki Sakamoto
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📊 Technical Analysis — March 18, 2026

🌍 Current Market Condition

👉 The market has fully shifted into a risk-on environment (short to medium term)


🔥 Situation Summary
  • Yen crosses: Strong uptrend across the board

  • Oil: Continuing higher

  • Equities: Rebound with selective strength

  • USD: Slightly weakening

  • Precious metals: Breaking down

  • BTC: Pullback (bullish bias intact)


🧠 Macro Structure

Risk-On JPY selling Yen crosses rise Commodities (Oil) rise


💱 FX Core View

✔ EUR/USD & GBP/USD

  • Short-term: Strong Buy

  • Daily: Sell

👉 Rebound phase (trend reversal not yet confirmed)


✔ USD/JPY

👉 Clear uptrend (Buy trend confirmed)


✔ Yen Crosses (Most Important)

Pair Status
EUR/JPY 🔥 Strong Buy
GBP/JPY 🔥 Strong Buy
CHF/JPY 🔥 Strong Buy
AUD/JPY Medium-term Buy

👉 These are now the main drivers of the market


🛢 Oil
  • All timeframes: Buy

Trend continuation


🥇 Precious Metals
Asset Status
GOLD ❌ Strong Sell
SILVER ❌ Strong Sell

👉 Capital outflow continues


🪙 BTC
  • Short-term: Sell

  • Daily: Buy

👉 Pullback within a bullish structure


📉 Equities
Index Status
NASDAQ Strong (short-term)
Nikkei 🔥 Strong Buy
Dow / S&P Still weak

👉 Divergent structure = early transition phase


🌍 Currency Strength

Strong

1️⃣ JPY (being sold → weakening / yen depreciation)
2️⃣ EUR (short-term recovery)
3️⃣ GBP

Weak

1️⃣ USD
2️⃣ Precious-metal-linked flows
3️⃣ NZD


📊 Best Short Opportunities

1️⃣ GOLD (XAU/USD) 🔥 strongest
2️⃣ SILVER (XAG/USD)
3️⃣ NZD/USD
4️⃣ EUR/GBP
5️⃣ Natural Gas


📈 Best Long Opportunities

1️⃣ EUR/JPY 🔥 strongest trend
2️⃣ GBP/JPY
3️⃣ USD/JPY
4️⃣ Crude Oil (WTI)
5️⃣ NASDAQ (short-term)


🎯 Trading Strategy (Important)

✔ Main Strategy

👉 Long Yen Crosses (Top Priority)


✔ Secondary

👉 Long Oil


✔ Position Building

👉 Buy BTC on dips


❌ Avoid (for now)

👉 Gold longs (too early)


📌 One-Line Summary

👉 “Yen selling + commodity strength = full risk-on transition.”