Technical Analysis Report – June 24, 2026
Market Overview
The overall market environment has shifted decisively toward:
“Broad U.S. Dollar Strength + Risk-Off Sentiment.”
The rebound themes seen previously in:
- Gold
- Silver
- Bitcoin
- Equities
have largely disappeared.
Instead, markets have returned to a familiar pattern:
A Dollar-Dominated Market.
Strongest Currency
U.S. Dollar
USD/JPY
161.69
- Strong Buy on Hourly and Daily Charts
USD/CHF
0.8129
- Strong Buy Across All Timeframes
USD/JPY continues to hold in the upper 161s, while USD/CHF remains one of the cleanest bullish trends in the market.
Capital is once again flowing aggressively into the U.S. dollar.
Euro
EUR/USD
1.1343
- Strong Sell Across All Timeframes
This is now a textbook dollar-strength environment.
Any recent rebound attempts have largely disappeared.
EUR/JPY
183.40
- Strong Sell Across All Timeframes
Although the yen itself remains relatively weak, euro weakness is currently the dominant force.
British Pound
GBP/USD
1.3159
- Strong Sell Across All Timeframes
GBP/JPY
212.77
- Strong Sell Across All Timeframes
Sterling is under heavy pressure and is weakening even faster than the euro.
Australian Dollar & New Zealand Dollar
AUD/USD
0.6892
- Strong Sell Across All Timeframes
NZD/USD
0.5637
- Strong Sell Across All Timeframes
Risk-sensitive currencies continue to experience broad-based selling.
The New Zealand dollar remains one of the weakest currencies in the market.
Yen Crosses
Broad-Based Weakness
- EUR/JPY
- GBP/JPY
- AUD/JPY
- NZD/JPY
- CAD/JPY
- CHF/JPY
The market appears to be transitioning away from a broad yen-selling environment toward a phase of yen recovery.
The result has been a sharp deterioration across most cross-yen pairs.
Gold
Gold (XAU/USD)
$4,062
- Strong Sell Across All Timeframes
Gold has become one of the biggest casualties of the current market shift.
The rebound seen earlier has completely failed.
Risk-off sentiment and dollar strength are dominating price action.
Silver
Silver (XAG/USD)
$60.00
- Strong Sell Across All Timeframes
Silver remains even weaker than gold and continues to underperform precious metals broadly.
Bitcoin
Bitcoin (BTC/USD)
$62,455
- Strong Sell Across All Timeframes
Cryptocurrency markets are also under pressure as risk capital exits speculative assets.
Crude Oil
WTI Crude Oil
$71.48
- Strong Sell Across All Timeframes
Crude oil remains one of the weakest markets globally.
The geopolitical premium associated with Middle East tensions has largely disappeared.
Natural Gas
Natural Gas
3.23
- Strong Buy Across All Timeframes
Natural gas remains the notable exception within commodities.
It continues to be the strongest commodity sector by a wide margin.
Equity Markets
U.S. Equities
Dow Jones Industrial Average
- Short-Term Sell
- Daily Buy
S&P 500
- Sell Across All Timeframes
NASDAQ
- Sell Across All Timeframes
Even the AI-driven rally is beginning to face meaningful correction pressure.
Risk-off sentiment is becoming increasingly visible.
European Equities
DAX
- Sell Across All Timeframes
German equities are showing significant weakness.
CAC 40
Among major European indices, French equities remain relatively resilient.
Nikkei 225
69,175
- Strong Sell on Short-Term and Hourly Charts
- Daily Chart Remains Buy
After recently trading above 72,000, the Nikkei has experienced a significant pullback.
Momentum has weakened substantially.
Strength Ranking
S-Tier
- USD/CHF
- USD/JPY
- Natural Gas
A-Tier
- EUR/CHF
- AUD/NZD
Weakness Ranking
- Gold
- Silver
- Crude Oil
- Bitcoin
- EUR/USD
- GBP/USD
- AUD/USD
- NZD/USD
- EUR/JPY
- GBP/JPY
Current Market Theme
Assets Being Bought
- U.S. Dollar
- Natural Gas
Assets Being Sold
- Euro
- British Pound
- Australian Dollar
- New Zealand Dollar
- Gold
- Silver
- Crude Oil
- Bitcoin
- Global Equity Indices
Trading Perspective
Preferred Long Opportunities
- USD/JPY
- USD/CHF
- Natural Gas
Preferred Short Opportunities
- EUR/USD
- GBP/USD
- AUD/USD
- NZD/USD
- EUR/JPY
- GBP/JPY
- Gold
- Silver
- Crude Oil
- Bitcoin
Conclusion
Based on the latest technical data, the market has returned to a classic:
Dollar Strength + Commodity Weakness + Equity Weakness
environment.
The brief recovery in risk assets seen previously has largely disappeared, and investors are once again favoring defensive dollar exposure.
The clearest trends currently remain:
Long
- USD/CHF
- USD/JPY
Short
- Precious metals
- Commodity currencies
- Risk assets
Among all major markets, USD/CHF and USD/JPY continue to display the strongest and cleanest bullish structures, reinforcing the view that U.S. dollar strength remains the dominant theme across global markets.
