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πŸ“Š Technical Analysis – April 23, 2026

πŸ“Š Technical Analysis – April 23, 2026

β–  Overview

In one sentence, the current market can be summarized as:

β€œU.S. equities remain the strongest theme, BTC is recovering from its pullback, and USD/JPY is in a correction within a broader uptrend.”

Compared with the previous phase of:

β€œUSD/JPY as the main driver, weak gold/silver, and BTC correction,”

the structure has shifted slightly.

Now we see:

  • Continued dominance of U.S. equities
  • BTC rotating back to the upside
  • Strong GBP-related pairs
  • USD/JPY in short-term correction but still bullish on the daily chart
  • Gold and Silver showing short-term rebounds, but higher timeframes remain weak
  • Crude Oil weak short-term, but still strong on the daily chart

In short:

Risk-on continues, but FX is now a market of pullbacks and selective opportunities.

β–  Current Market Leaders

1. U.S. Equities Remain the Strongest Theme

Dow Jones Industrial Average

S&P 500

Nasdaq-100

All timeframes: Strong Buy

Especially:

Nasdaq-100

continues to be the strongest.

β†’ Global capital remains heavily concentrated there

Conclusion

Top priority remains U.S. equities.

Especially:

Nasdaq > S&P > Dow

2. BTC Is Strong Again

BTC/USD

  • 5m: Strong Buy
  • 15m: Buy
  • 1H: Neutral
  • Daily: Strong Buy

β†’ Possible end of the recent pullback

Conclusion

BTC is shifting back into buy territory.

Clearly improved versus last week.

3. GBP Is Extremely Strong

GBP/USD

β†’ Strong Buy

GBP/JPY

β†’ Strong Buy on hourly + daily charts

EUR/GBP

β†’ Strong Sell

β†’ GBP is currently the strongest major currency

Conclusion

GBP is now the leading currency theme.

4. USD/JPY Is in Short-Term Correction

USD/JPY

  • Short-term: Sell
  • Daily: Strong Buy

β†’ Pullback within a larger uptrend

Conclusion

USD/JPY is not a shorting market.

It is a dip-buy candidate.

5. Gold and Silver Are Rebounding but Still Weak

XAU/USD

XAG/USD

  • Short-term: Buy
  • Higher timeframes: Sell

β†’ Rebound phase only

Conclusion

Still not a clean long environment yet.

β–  Overall Ranking (Full Version)

πŸ₯‡ S-Tier (Top Priority)

1. Nasdaq-100

The strongest asset.

2. S&P 500

Very clean structure.

3. Dow Jones Industrial Average

Broad strength.

4. BTC/USD

Re-acceleration phase.

5. GBP/USD

GBP leadership.

6. GBP/JPY

Best cross-yen candidate.

πŸ₯ˆ A-Tier

7. USD/JPY

Dip-buy candidate.

8. AUD/USD

Strong.

9. AUD/JPY

Strong daily trend.

10. CAD/JPY

Strong higher timeframe.

11. Nikkei 225

Daily chart still strong.

12. Natural Gas

Very strong short-term.

13. DAX

Most stable European index.

πŸ₯‰ B-Tier

14. NZD/USD

Weak on hourly charts.

15. NZD/JPY

Slight instability.

16. WTI Crude Oil

Weak short-term, strong daily.

17. Gold

Rebounding.

18. Silver

Recovering.

19. CAC 40

Weak directional clarity.

⚠️ C-Tier (Caution)

20. EUR/USD

Quite weak.

21. EUR/JPY

Short-term weakness is significant.

22. EUR/GBP

Very weak.

23. EUR/CHF

Weak.

24. USD/CHF

Weak.

25. FTSE 100

Weak.

β–  Currency Strength

Strong

  • GBP
  • BTC
  • U.S. equities
  • USD/JPY (daily trend)
  • AUD
  • CAD

Weak

  • EUR
  • CHF
  • Gold/Silver (higher timeframes)
  • Oil (short-term)
  • FTSE 100

β–  BTC Analysis

Current Situation

Recovery from the previous correction.

Daily chart remains:

Strong Buy

Strategy

Core Rule

Buy dips

Key Focus

Watch for renewed acceleration on:

  • 15-minute
  • 1-hour

timeframes

β–  Commodity Analysis

Gold

Short-term rebound.

Higher timeframes remain weak.

β†’ Watch for confirmation

Silver

Same structure.

β†’ More difficult than gold

Oil

Short-term weak,
but daily chart still bullish.

β†’ Wait for pullback structure

Natural Gas

Very strong.

β†’ Strong day-trading candidate

β–  Trading Strategy Ranking

Top 10 Buy Candidates

  1. Nasdaq-100
  2. S&P 500
  3. Dow Jones
  4. BTC/USD
  5. GBP/USD
  6. GBP/JPY
  7. USD/JPY
  8. AUD/USD
  9. AUD/JPY
  10. Natural Gas

Top 5 Sell Candidates

  1. EUR/GBP
  2. EUR/USD
  3. EUR/JPY
  4. EUR/CHF
  5. USD/CHF

β–  Final Conclusion

The main leaders right now are:

U.S. Equities

BTC

GBP

Especially:

Nasdaq

BTC

GBP/USD

These three deserve the most attention.

USD/JPY

β†’ Wait for dip-buy opportunities

Gold & Silver

β†’ Still watch-and-wait

EUR

β†’ Clearly weak

That is the true core of the current market.

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