Market Overview
The latest technical picture suggests that the broader U.S. dollar uptrend remains intact, although several currencies are experiencing short-term rebounds.
USD/JPY has climbed into the upper 161.00 area and continues to maintain a strong bullish trend on the daily chart.
Meanwhile, both EUR/USD and GBP/USD have generated buy signals on the 15-minute and hourly charts, indicating a short-term recovery.
However, bearish signals continue to dominate across:
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Gold
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Silver
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Bitcoin
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Crude Oil
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U.S. Equities
Overall, the market continues to favor a risk-off environment with underlying U.S. dollar strength.
Currency Market
U.S. Dollar (USD)
The U.S. dollar remains the strongest major currency.
In particular:
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USD/JPY
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USD/CHF
continue to post Strong Buy signals on the daily charts.
The broader dollar trend remains firmly intact.
USD/JPY
161.84
Technical Signals
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5-Minute: Strong Sell
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15-Minute: Neutral
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Hourly: Strong Buy
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Daily: Strong Buy
Short-term profit-taking has emerged.
However, the medium- and long-term outlook continues to favor buying on pullbacks.
USD/CHF
Short-term charts favor selling.
Daily chart: Strong Buy
The longer-term bullish dollar trend remains unchanged.
Euro
EUR/USD
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Short-term: Strong Buy
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Hourly: Strong Buy
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Daily: Strong Sell
The pair is recovering from oversold conditions.
For now, the broader trend still favors selling into rallies.
EUR/JPY
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Hourly: Strong Buy
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Daily: Neutral
The strength in USD/JPY is helping support the yen crosses.
British Pound
GBP/USD
Strong Buy signals extend through the hourly timeframe.
However, the daily chart remains firmly bearish.
Like the euro, sterling is experiencing a short-term recovery.
GBP/JPY
Buy signals are present across all timeframes.
Among the yen crosses, GBP/JPY currently displays one of the strongest technical structures.
Australian Dollar & New Zealand Dollar
AUD/USD
Strong Buy through the hourly timeframe.
Daily chart: Strong Sell.
NZD/USD
Hourly chart: Strong Buy.
Daily chart: Strong Sell.
Commodity currencies continue to rebound in the short term, although the broader downtrend remains intact.
Yen Crosses
Relatively Strong
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GBP/JPY
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EUR/JPY
Relatively Weak
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CAD/JPY
With USD/JPY trading near recent highs, the broader yen-cross complex remains relatively well supported.
Gold
Gold (XAU/USD)
$4,043
Strong Sell across all timeframes
The recent rebound has faded, and gold has resumed its broader downtrend.
Silver
Silver is also posting:
Strong Sell across all timeframes
It continues to underperform even gold.
Bitcoin
Bitcoin (BTC/USD)
$59,993
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Short-term: Sell
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Hourly: Neutral
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Daily: Strong Sell
Bitcoin remains one of the weakest major markets.
Crude Oil
WTI Crude Oil
$69.98
Both the hourly and daily charts remain bearish.
The broader downtrend continues.
Natural Gas
Natural Gas
3.281
Natural gas remains the only major commodity maintaining buy signals through the daily timeframe.
It continues to be the strongest-performing commodity market.
Equity Markets
U.S. Equities
Dow Jones
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Short-term: Sell
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Daily: Buy
S&P 500
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Bearish on both the hourly and daily charts
NASDAQ 100
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Bearish from the short-term through the hourly timeframe
The recent correction in U.S. equities continues.
European Equities
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DAX
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FTSE 100
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CAC 40
All three indices remain under short-term selling pressure.
Nikkei 225
69,522
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Short-term: Buy
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Daily: Buy
Among the world's major equity indices, the Nikkei remains one of the most resilient.
Strength Ranking
S-Tier
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USD/JPY
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USD/CHF
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Natural Gas
A-Tier
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GBP/JPY
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EUR/JPY
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EUR/USD (Short-term)
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GBP/USD (Short-term)
Weakness Ranking
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Gold
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Silver
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Bitcoin
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Crude Oil
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NASDAQ 100
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S&P 500
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DAX
Current Market Theme
Strong Assets
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U.S. Dollar
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Yen Crosses (Short-term)
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Natural Gas
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Euro (Short-term rebound)
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British Pound (Short-term rebound)
Weak Assets
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Gold
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Silver
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Bitcoin
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Crude Oil
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U.S. Equities
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European Equities
Trading Strategy
Short-Term Opportunities
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Buy EUR/USD on pullbacks (short-term only)
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Buy GBP/USD on pullbacks (short-term only)
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Buy GBP/JPY on pullbacks
Medium- to Long-Term Trend Trades
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Continue buying USD/JPY on pullbacks
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Continue buying USD/CHF on pullbacks
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Sell Gold into rallies
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Sell Silver into rallies
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Sell Crude Oil into rallies
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Sell Bitcoin into rallies
Conclusion
The latest technical picture suggests that the medium-term U.S. dollar uptrend remains firmly intact, while several major currencies—including the euro and the British pound—are experiencing short-term corrective rebounds.
At the same time, bearish signals continue to dominate across gold, silver, Bitcoin, crude oil, and the major equity indices, indicating that overall risk sentiment remains cautious.
For now, the technical outlook favors a two-speed strategy:
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Medium-term: Stay aligned with the broader U.S. dollar strength and risk-off trend.
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Short-term: Take advantage of tactical rebounds in selected currencies while recognizing that these moves are still counter-trend.
The key question going forward is whether these short-term recoveries can develop into broader trend reversals—or whether the dominant dollar uptrend will soon reassert itself.
