📊 Technical Analysis – March 23, 2026

📊 Technical Analysis – March 23, 2026

23 3月 2026, 10:34
Masayuki Sakamoto
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📊 Technical Analysis – March 23, 2026

👉 Full Risk-Off + Dominant USD Trend

🧠 Market Structure

Stocks ↓↓↓ (broad collapse) Capital flows → USD USD pairs breakdown Cross JPY starts to decline


💱 Core FX View

🔴 USD Pairs (Most Important)

Pair Status
EUR/USD 🔥 Strong Sell (All timeframes)
GBP/USD 🔥 Strong Sell (All timeframes)
AUD/USD 🔥 Strong Sell
NZD/USD 🔥 Strong Sell

👉 Clear USD-dominant trend


🟢 USD Strength

Pair Status
USD/JPY 🔥 Strong Buy
USD/CHF 🔥 Strong Buy

👉 USD is being bought across all fronts


💴 Cross JPY (Key Signal)

Pair Status
AUD/JPY 🔥 Strong Sell
NZD/JPY 🔥 Strong Sell
GBP/JPY Strong Sell
EUR/JPY Strong Sell

👉 JPY strength emerging = Risk-off accelerating


🛢 Commodities

✔ Oil

👉 Uptrend continues (Strong Buy)
→ Ongoing inflation pressure

✔ Gold & Silver

👉 Daily chart = Bearish

Not rising despite risk-off = True USD market dominance


📉 Equities

👉 Full-scale collapse across global markets

  • Dow Jones: Strong Sell
  • S&P 500: Strong Sell
  • NASDAQ: Strong Sell
  • Europe: Breakdown
  • Nikkei: Weakening

👉 Clear risk-off environment


🪙 BTC

  • Daily: Bearish
  • Short-term: Rebound

Sell the rallies


🌍 Currency Strength Ranking

🟢 Strong

1️⃣ USD (Overwhelmingly strong)
2️⃣ JPY
3️⃣ CHF

🔴 Weak

1️⃣ AUD
2️⃣ NZD
3️⃣ EUR
4️⃣ GBP


📊 Sell Opportunities (Top Priority)

🥇 EUR/USD (Strongest trend)
🥈 GBP/USD
🥉 AUD/USD
④ NZD/USD
⑤ AUD/JPY
⑥ NZD/JPY
⑦ Equity indices


📈 Buy Opportunities

🥇 USD/JPY
🥈 USD/CHF
🥉 Oil (WTI)
④ Natural Gas
⑤ EUR/CHF (Secondary)


🎯 Trading Strategy (Pro Perspective)

✔ Core Strategy

👉 Buy USD only


✔ Most Efficient Trades

👉 Short USD pairs

  • Sell EUR/USD
  • Sell GBP/USD
  • Sell AUD/USD

✔ Secondary Strategy

👉 Short cross JPY


✔ Avoid

❌ Buying dips
❌ Counter-trend longs
❌ Long Gold


⚠️ Key Insight

This market is:

👉 A capital flight market


📌 Final Takeaway

👉 Capital flows into USD = Everything else is sold