Today’s Technical Analysis
15 September 2026
Market Overview
The main themes today are a broad bullish reversal in natural gas, a short-term correction in crude oil, medium- to long-term declines in precious metals, and renewed weakness in global equities.
Natural gas is Strong Buy across all timeframes, making it the clearest upward-trending market in this analysis. By contrast, WTI crude retains a Strong Buy signal on the daily chart, but selling is dominant from the short term through the hourly chart as the market consolidates above US$102.
Gold remains Strong Sell across all timeframes. Silver is rebounding in the short term, but its daily chart is still Strong Sell, indicating that the move is a recovery within a broader downtrend rather than a reversal.
Among equity indices, the Dow Jones is Strong Sell across all timeframes. The S&P 500 and Nasdaq 100 are also Strong Sell from the short term through the hourly chart, signalling increased downward pressure on U.S. equities. The UK 100 and Nikkei 225 have also lost the short-term rebound momentum seen yesterday.
In FX, USD/CHF, AUD/NZD, and EUR/CHF are Strong Buy across all timeframes. By contrast, NZD/USD is Strong Sell across all timeframes, highlighting the New Zealand dollar’s relative weakness.
Changes from the Previous Data Set
• Gold: 4,322.80 → 4,316.51, down around 0.1%
• Silver: 63.055 → 63.630, up around 0.9%
• WTI crude: 102.56 → 102.49, broadly unchanged
• Natural gas: 2.891 → 2.922, up around 1.1%
• Dow Jones: 52,573.29 → 52,421.20, down around 0.3%
• S&P 500: 7,656.98 → 7,619.98, down around 0.5%
• Nasdaq 100: 29,368.44 → 29,127.16, down around 0.8%
• UK 100: 10,719.25 → 10,655.37, down around 0.6%
• Nikkei 225: 63,641.00 → 63,484.10, down around 0.2%
Yesterday’s rebounds in U.S. and UK equities have faded, while natural gas and silver are seeing buying interest.
Commodity Markets
Gold: 4,316.51
The 5-minute, 15-minute, hourly, and daily charts are all Strong Sell.
Not only futures, but also spot gold, XAU/USD, is Strong Sell on the hourly and daily charts. The downtrend continues across the medium and longer term, making selling on rallies the preferred approach.
However, a short-term rebound remains possible around US$4,300. Rather than chasing prices lower, it is preferable to wait for a rebound on the 5-minute and 15-minute charts to lose momentum.
Silver: 63.630
The 5-minute and 15-minute charts are Strong Buy, the hourly chart is Neutral, and the daily chart is Strong Sell.
Silver has shifted from broad-based Strong Sell conditions yesterday to a short-term recovery. However, the daily downtrend remains in place.
Short-term longs are possible, but they run counter to the daily trend. If the hourly chart cannot turn to Buy, selling after the rebound loses momentum becomes the more compelling strategy.
WTI Crude Oil: 102.49
The 5-minute chart is Sell, the 15-minute chart is Strong Sell, the hourly chart is Neutral, and the daily chart is Strong Buy.
A short-term correction is underway within the daily uptrend. Although the price is broadly unchanged from yesterday, technical momentum has clearly weakened.
It is preferable to wait for short-term selling pressure to subside before considering new longs. If the hourly chart turns back to Buy, WTI becomes a buying-on-dips candidate. If the daily chart deteriorates to Neutral, the risk of a deeper correction will increase.
Natural Gas: 2.922
All timeframes are Strong Buy.
Natural gas has fully reversed from the previous 5-minute Sell signal. Direction is aligned from the short term through the daily chart, making it the strongest commodity market in this analysis.
Buying dips is the preferred strategy. However, as the market has shifted sharply from broad selling to broad buying in a short period, price action may remain unstable. It is preferable to wait for a short-term pullback rather than chase the move higher.
Equity Indices
Dow Jones: 52,421.20
All timeframes are Strong Sell.
Yesterday’s temporary rebound has faded, and the index has returned to a fully bearish trend. It is one of the weakest major U.S. equity indices.
Selling rallies remains the preferred strategy until a clear reversal signal emerges.
S&P 500: 7,619.98
The 5-minute, 15-minute, and hourly charts are Strong Sell, while the daily chart is Sell.
The downward direction is nearly aligned from the short term through the daily chart. The daily signal has deteriorated from Neutral yesterday back to Sell, suggesting that rallies are likely to attract selling pressure.
Selling rallies remains the preferred approach.
Nasdaq 100: 29,127.16
The 5-minute, 15-minute, and hourly charts are Strong Sell, while the daily chart is Sell.
The hourly and daily charts were Buy yesterday, but the index has now turned bearish across all timeframes. This indicates that the decline in U.S. equities has spread into technology stocks.
The current market favours selling rallies rather than buying dips.
DAX: 25,415.30
The 5-minute and 15-minute charts are Buy, the hourly chart is Neutral, and the daily chart is Strong Sell.
A short-term rebound is underway, but the daily downtrend remains intact. If the hourly chart improves to Buy, the rebound could continue. If it turns to Sell, that would suggest a resumption of selling on rallies.
UK 100: 10,655.37
The 5-minute chart is Strong Sell, the 15-minute chart is Neutral, the hourly chart is Sell, and the daily chart is Strong Sell.
The strong Buy signals seen on the short-term and hourly charts yesterday have deteriorated rapidly. The rebound has faded within a single day, confirming strong selling pressure on rallies.
Selling rallies remains the preferred strategy.
CAC 40: 8,100.66
The 5-minute chart is Buy, the 15-minute chart is Strong Buy, the hourly chart is Sell, and the daily chart is Strong Sell.
The market is rebounding in the short term, but the medium- and long-term downtrend remains unchanged. As with the DAX, this is a market where selling after the rebound fades is more appropriate than holding short-term longs for an extended period.
Nikkei 225: 63,484.10
The 5-minute and 15-minute charts are Strong Sell, the hourly chart is Neutral, and the daily chart is Strong Sell.
Yesterday’s short-term rebound has completely faded. Short-term selling has resumed within the ongoing daily downtrend, making selling rallies the preferred approach.
However, with the hourly chart Neutral, there remains a risk of a sharp rebound in the ¥63,000 range.
FX Markets
EUR/USD: 1.1540
The 5-minute and 15-minute charts are Strong Buy, while the hourly and daily charts are Strong Sell.
EUR/USD is rebounding in the short term within a medium- and long-term downtrend. Rather than chasing short-term longs, waiting for the rebound to fade and for the 15-minute chart to turn back to Sell would provide a trade more aligned with the daily trend.
GBP/USD: 1.3483
The 5-minute chart is Neutral, the 15-minute chart is Strong Buy, and the hourly and daily charts are Strong Sell.
GBP/USD is also seeing a short-term rebound, but the higher timeframes remain bearish. It remains a candidate for selling on rallies.
USD/JPY: 155.00
The 5-minute, 15-minute, and hourly charts are Strong Buy, while the daily chart is Strong Sell.
Dollar buying and yen selling are clear from the short term through the hourly chart. However, the daily chart continues to favour yen strength, making the ¥155 area a point of conflict between the short-term rise and the medium- to long-term decline.
Short-term longs are possible, but there is a risk of a return to the daily trend. This is a market where profits should be taken relatively quickly.
USD/CHF: 0.8182
All timeframes are Strong Buy.
USD/CHF has completed its short-term correction and resumed its advance. Dollar buying and Swiss franc selling are fully aligned, making it one of the strongest FX pairs in this analysis.
Buying dips is the preferred strategy.
AUD/USD: 0.7125
The 5-minute chart is Strong Sell, the 15-minute chart is Sell, and the hourly and daily charts are Strong Sell.
Australian dollar weakness and dollar strength continue. AUD/NZD remains Strong Buy, showing that the Australian dollar is not the weakest currency overall; rather, the U.S. dollar is currently stronger than the Australian dollar.
Selling rallies remains the preferred approach.
NZD/USD: 0.5758
All timeframes are Strong Sell.
This is the weakest of the major currency pairs in today’s analysis. New Zealand dollar selling and U.S. dollar buying are fully aligned.
Selling rallies remains favoured, although chasing prices lower should be avoided.
Cross-Yen Pairs
EUR/JPY, GBP/JPY, CHF/JPY, and AUD/JPY are Buy from the short term through the hourly chart, while their daily charts remain Sell.
Yen selling and short-covering are continuing within the broader yen-strength trend. Short-term longs are possible, but these pairs are not suited to longer-term holding because they run counter to the daily trend.
Relatively strong cross-yen pairs
• GBP/JPY
• EUR/JPY
• CHF/JPY
• AUD/JPY
Cross-yen pairs with unstable direction
• NZD/JPY
• CAD/JPY
NZD/JPY is notably weaker than the other cross-yen pairs, with the 15-minute chart at Sell and the daily chart at Strong Sell.
Other Currency Pairs
EUR/GBP: 0.8559
The 5-minute and 15-minute charts are Strong Sell, while the hourly and daily charts are Sell.
Sterling continues to outperform the euro. Selling rallies remains the preferred approach.
AUD/NZD: 1.2375
All timeframes are Strong Buy.
Australian dollar buying and New Zealand dollar selling are clearly aligned. This is the clearest relative-currency trend in today’s FX market.
Buying dips is the preferred strategy. However, holding AUD/NZD long alongside NZD/USD short would concentrate exposure to New Zealand dollar weakness.
EUR/CHF: 0.9441
All timeframes are Strong Buy.
EUR/CHF has fully reversed from yesterday’s short-term selling signal. Euro buying and Swiss franc selling are aligned, making buying dips the preferred approach.
BTC/USD: 76,885
The 5-minute, 15-minute, and hourly charts are Strong Sell, while the daily chart is Neutral.
Yesterday’s short-term buying momentum has faded within a day. The daily chart has not improved to Buy, and direction is changing frequently.
For now, it is preferable to wait for the hourly chart to improve to Neutral or Buy rather than look for dip-buying opportunities. Even when trading short-term shorts, the Neutral daily chart suggests that profits should be taken relatively quickly.
Strength Ranking
S Rank
• Natural gas
• USD/CHF
• AUD/NZD
• EUR/CHF
A Rank
• USD/JPY, short term
• EUR/JPY, short term
• GBP/JPY, short term
• CHF/JPY, short term
• AUD/JPY, short term
B Rank
• Silver, short term
• DAX, short term
• CAC 40, short term
• EUR/USD, short term
Weakness Ranking
S Rank
• Gold
• NZD/USD
• Dow Jones
A Rank
• S&P 500
• Nasdaq 100
• UK 100
• Nikkei 225
• AUD/USD
• EUR/GBP
• XAU/USD
B Rank
• EUR/USD, hourly and daily charts
• GBP/USD, hourly and daily charts
• BTC/USD, short term
• Silver, daily chart
• CAC 40, hourly and daily charts
Trading Strategy
Clear buy bias
• Natural gas
• USD/CHF
• AUD/NZD
• EUR/CHF
Short-term buying-on-dips candidates
• USD/JPY
• EUR/JPY
• GBP/JPY
• CHF/JPY
• AUD/JPY
Potential selling-on-rallies candidates
• Gold
• NZD/USD
• AUD/USD
• EUR/GBP
• Dow Jones
• S&P 500
• Nasdaq 100
• UK 100
• Nikkei 225
• BTC/USD, short term
Potential sells after short-term rebounds fade
• Silver
• EUR/USD
• GBP/USD
• DAX
• CAC 40
Markets requiring further confirmation
• WTI crude oil
• NZD/JPY
• CAD/JPY
Key Points to Watch
Natural gas is Strong Buy across all timeframes, but it has shifted sharply from selling to buying in a short period. Rather than chasing the move higher, prioritise a pullback and renewed upside confirmation on the 5-minute and 15-minute charts.
WTI crude retains a Strong Buy signal on the daily chart, but momentum has weakened from the short term through the hourly chart. Rather than chasing prices above US$102, it is preferable to wait for the correction to end.
The Dow Jones, S&P 500, and Nasdaq 100 are all turning lower together. Selling multiple indices simultaneously would concentrate risk on the same U.S.-equity-downside theme, so total position size should be kept under control.
USD/CHF, EUR/CHF, and AUD/NZD are all Strong Buy, but holding several of them simultaneously can create concentrated exposure to Swiss franc selling or New Zealand dollar selling.
