Today’s Technical Analysis
11 September 2026
Summary
The key themes are weaker precious metals, broad global equity-market declines, lower natural gas, and continued strength in crude oil.
Gold remains Strong Sell across all timeframes, while silver’s daily chart has deteriorated to Strong Sell. WTI crude has climbed into the $99 range, but short-term signals are beginning to diverge, increasing the risk of overheating and profit-taking within the broader uptrend.
For equity indices, the Dow, S&P 500, Nasdaq 100, DAX, and CAC 40 are all Sell on both the hourly and daily charts. The Nasdaq 100, which had retained a daily Buy signal until yesterday, has also turned lower, showing that the U.S. equity decline has spread to technology stocks.
In FX, the Australian dollar is relatively strong, while the New Zealand dollar, euro, and yen crosses are weak. AUD/NZD is Strong Buy across all timeframes, making the divergence between AUD and NZD particularly clear.
Changes from the Previous Readings
・Gold: 4,424.62 → 4,371.51, down around 1.2%
・Silver: 66.261 → 64.453, down around 2.7%
・WTI crude: 97.54 → 99.53, up around 2.0%
・Natural gas: 2.798 → 2.794, broadly unchanged
・Dow: 52,380.66 → 52,064.10, down around 0.6%
・S&P 500: 7,636.36 → 7,591.70, down around 0.6%
・Nasdaq 100: 29,421.55 → 29,103.51, down around 1.1%
・Nikkei 225: 65,232 → 64,011.34, down around 1.9%
While crude oil alone has continued to rise, selling pressure is spreading across equities, precious metals, and cryptocurrencies.
Commodity Markets
Gold 4,371.51
The 5-minute, 15-minute, hourly, and daily charts are all Strong Sell.
This is no longer simply a short-term pullback; it is a clear downtrend that includes the daily chart. Selling on rallies is currently favored over buying dips.
However, as gold has fallen by another 1.2% since the previous reading, waiting for a short-term rebound is more prudent than chasing the decline at the lows.
Spot gold, XAU/USD, is also Strong Sell across all timeframes at 4,329.11, fully confirming the bearish direction in futures.
Silver 64.453
The 5-minute chart is Strong Buy, the 15-minute and hourly charts are Neutral, and the daily chart is Strong Sell.
A short-term rebound is occurring within the daily downtrend. The daily reading has deteriorated from Neutral to Strong Sell, meaning that selling on rallies is favored in the medium to long term, as with gold.
It is too early to treat the 5-minute Buy signal as a trend reversal. The focus is whether the 15-minute and hourly charts can improve to Buy.
WTI Crude 99.53
The 5-minute chart is Buy, the 15-minute chart is Sell, the hourly chart is Neutral, and the daily chart is Strong Buy.
The daily uptrend remains very strong, but momentum from the short term through the hourly timeframe has slowed. With oil approaching $100, the risk of profit-taking and a sharp pullback is elevated.
Rather than buying a fresh high, it is safer to wait for a short-term correction and confirmation that the hourly chart has turned back to Buy. WTI remains a buy-on-dips candidate on the daily chart, but the setup has weakened from yesterday’s Strong Buy across all timeframes.
Natural Gas 2.794
All timeframes are Strong Sell.
Yesterday’s short-term rebound has faded, with downside signals now aligned from the 5-minute chart through the daily chart. Alongside gold, natural gas is one of the clearest sell-on-rallies candidates in commodities.
Short-term oversold rebounds remain possible, but it is preferable not to rush into long positions until the hourly chart improves to Neutral or Buy.
Equity Indices
Dow 52,064.10
The 5-minute chart is Strong Buy, the 15-minute chart is Sell, and the hourly and daily charts are Strong Sell.
The 5-minute rebound is likely to be corrective, as higher timeframes remain in a clear downtrend. If the 15-minute chart turns back toward Sell, the Dow becomes a sell-on-rallies candidate.
S&P 500 7,591.70
The 5-minute chart is Neutral, while the 15-minute, hourly, and daily charts are Strong Sell.
This reflects a deterioration in the broader U.S. equity environment. The 5-minute chart shows some signs of stabilising, but not a confirmed bullish reversal.
The basic bias is to sell rallies. Countertrend buying should be avoided until the 15-minute chart turns to Buy.
Nasdaq 100 29,103.51
The 5-minute, 15-minute, and hourly charts are Strong Sell, while the daily chart is Sell.
The daily signal has deteriorated from Buy yesterday to Sell, aligning the downside direction across all timeframes. Selling pressure is spreading to technology stocks, which had previously been relatively resilient.
Weakness is increasing rapidly within U.S. equities. This is a point to shift from buying dips to selling rallies.
DAX 25,500.57
All timeframes are Strong Sell.
The short-term rebound seen yesterday has completely faded. The DAX is one of the clearest downtrends among European equities.
Selling on rallies remains the preferred strategy until a reversal signal emerges.
FTSE 100 10,668.58
The 5-minute and 15-minute charts are Neutral, the hourly chart is Buy, and the daily chart is Strong Sell.
The FTSE is relatively firm in the short term compared with other Western equity markets. However, the daily chart remains Strong Sell, so this is not a confirmed bullish reversal.
The hourly Buy signal may support short-term rebound trades, but the daily-chart bias remains to sell rallies.
CAC 40 8,162.61
The 5-minute chart is Strong Sell, the 15-minute and hourly charts are Sell, and the daily chart is Strong Sell.
Downside signals are aligned from the short term through the daily chart. Alongside the DAX, the CAC 40 is a key European sell-on-rallies candidate.
Nikkei 225 64,011.34
The 5-minute chart is Strong Buy, the 15-minute chart is Buy, and the hourly and daily charts are Strong Sell.
A short-term rebound has developed around 64,000, but the hourly and daily downtrends remain intact.
Short-term longs are possible but run against the daily trend. If the 15-minute chart turns back to Sell, look for a sell-on-rallies opportunity as the short-term rebound fades.
FX Market
EUR/USD 1.1593
All timeframes are Strong Sell.
The daily Buy signal that remained until yesterday has broken down, shifting EUR/USD into a clear downtrend. Selling on rallies is favored.
GBP/USD 1.3509
The 5-minute chart is Strong Buy, the 15-minute chart is Neutral, and the hourly and daily charts are Sell.
The pair is in a short-term rebound, but higher timeframes remain weak. Rather than chasing the 5-minute Buy signal, it is preferable to treat the rebound as a potential selling opportunity.
USD/JPY 154.03
The 5-minute chart is Buy, the 15-minute chart is Neutral, and the hourly and daily charts are Strong Sell.
USD/JPY is rebounding around ¥154, but yesterday’s short-term buying momentum has faded. The hourly and daily charts continue to favor yen strength.
The basic bias is to sell rallies. Given potential support around ¥154, it is preferable to wait until the 15-minute chart turns back to Sell before entering.
USD/CHF 0.8152
The 5-minute chart is Sell, while the 15-minute, hourly, and daily charts are Strong Buy.
The pair is in a short-term correction, but the medium- and long-term uptrend remains intact. USD/CHF is one of the current buy-on-dips candidates.
AUD/USD 0.7174
The 5-minute and 15-minute charts are Strong Buy, while the hourly and daily charts are Buy.
AUD/USD is the strongest major dollar pair in the current market. AUD remains resilient despite weaker equities, and buying on dips is favored.
However, large moves in commodity prices, including oil, could create short-term volatility.
NZD/USD 0.5821
The 5-minute, 15-minute, and daily charts are Strong Sell, while the hourly chart is Neutral.
NZD weakness continues. AUD/NZD is Strong Buy across all timeframes, confirming NZD’s clear underperformance against AUD.
Selling on rallies is favored.
Yen Crosses
EUR/JPY, GBP/JPY, CHF/JPY, AUD/JPY, NZD/JPY, and CAD/JPY are rebounding on the 5-minute charts, but Sell signals dominate from the 15-minute charts through the daily charts.
The short-term buying seen in yen crosses yesterday is beginning to fade. All daily charts are Strong Sell, making this a market for considering selling rallies within the broader yen-strengthening trend.
The pairs with the clearest alignment are:
・EUR/JPY
・GBP/JPY
・CHF/JPY
・CAD/JPY
・NZD/JPY
If the 5-minute rebound ends and the 15-minute chart returns to Strong Sell, these pairs become potential daily-trend short entries.
Other Currency Pairs
EUR/GBP 0.8582
The 5-minute through hourly charts are Strong Sell, while the daily chart is Neutral.
The pair has reversed sharply from yesterday’s broad Buy signals. Sterling is stronger in the short term, but the daily direction is unclear, making this more suitable for short-term sell-on-rallies trades than long-term positions.
AUD/NZD 1.2322
All timeframes are Strong Buy.
This is the clearest uptrend in the current FX market. AUD buying and NZD selling are fully aligned.
Buying on dips is favored. However, holding AUD/USD longs and NZD/USD shorts at the same time concentrates risk on AUD strength and NZD weakness.
EUR/CHF 0.9450
The 5-minute chart is Neutral, while the 15-minute, hourly, and daily charts are Strong Buy.
The higher-timeframe uptrend remains intact. EUR/CHF is a buy-on-dips candidate once the short-term correction has settled.
BTC/USD 77,025
The 5-minute chart is Neutral, the 15-minute and hourly charts are Strong Sell, and the daily chart is Neutral.
Short-term and hourly weakness continues. The daily chart has not returned to Buy, so it is still too early for aggressive dip buying.
Selling on rallies or remaining on the sidelines is preferable until the hourly chart improves to Neutral.
Strength Ranking
S Rank
・AUD/NZD
・AUD/USD
A Rank
・USD/CHF
・EUR/CHF
・WTI crude, daily chart
B Rank
・FTSE 100, hourly chart
・Silver, 5-minute rebound
・Yen crosses, 5-minute rebound
Weakness Ranking
S Rank
・Gold
・Natural gas
・EUR/USD
・DAX
・Nasdaq 100
A Rank
・NZD/USD
・Dow
・S&P 500
・CAC 40
・XAU/USD
・Yen crosses, hourly and daily charts
B Rank
・GBP/USD
・EUR/GBP, short term
・BTC/USD
・Silver, daily chart
Trading Strategy
Buy Bias
・AUD/NZD
・AUD/USD
・USD/CHF
・EUR/CHF
Buy-on-Dips Candidates
・WTI crude
・USD/CHF
・EUR/CHF
Sell-on-Rallies Candidates
・Gold
・Natural gas
・EUR/USD
・NZD/USD
・Dow
・S&P 500
・Nasdaq 100
・DAX
・CAC 40
・GBP/USD
・BTC/USD
・Yen crosses broadly
Markets Requiring Direction Confirmation
・Silver
・FTSE 100
・Nikkei 225
・EUR/GBP
・USD/JPY around ¥154
Key Points
WTI crude remains Strong Buy on the daily chart, but short-term signals have deteriorated to Sell and Neutral. Avoid buying near $100; prioritise a pullback and confirmation of renewed upside after consolidation.
Gold and natural gas are Strong Sell across all timeframes. However, chasing prices lower after the decline is risky, so waiting for a short-term rebound remains the more appropriate strategy.
The Nasdaq 100’s daily signal has shifted from Buy to Sell, an important change. This confirms that the downtrend is spreading from the Dow to U.S. technology stocks as well.
Yen crosses are being bought back on the 5-minute charts, but the hourly and daily charts are Sell. Selling several yen crosses simultaneously creates overlapping long-yen exposure, so total risk should be reduced accordingly.
This analysis is based on the technical readings provided and does not guarantee any trading outcome. In live trading, remain alert to sharp moves and wider spreads around major data releases.
