【Technical Analysis】24 August 2026
■ Summary
The key themes are strength in precious metals and Bitcoin, alongside short-term corrections in the euro, Australian dollar, New Zealand dollar, and yen crosses.
Gold, silver, BTC/USD, and natural gas are rated Strong Buy across all timeframes. Bitcoin, in particular, is trading in the $78,000 range with Strong Buy signals from short-term charts through the daily chart, making it one of the clearest uptrends in the market.
In FX, EUR/USD, NZD/USD, EUR/JPY, and CAD/JPY are rated Strong Sell from the short term through the hourly chart. However, their daily charts remain bullish, suggesting short-term corrections within broader medium- to long-term uptrends.
GBP/USD, GBP/JPY, and EUR/CHF are relatively strong. EUR/GBP is rated Strong Sell across all timeframes, confirming that the pound is stronger than the euro on a relative basis.
In equities, the Dow Jones is rated Strong Buy on the 15-minute and hourly charts, while the S&P 500, Nasdaq 100, CAC 40, and Nikkei average remain weak. The Nikkei is rated Strong Sell across all timeframes and is the weakest major index.
■ Currency Markets
EUR/USD 1.1666
The 5-minute, 15-minute, and hourly charts are rated Strong Sell, while the daily chart is Strong Buy.
The daily euro-strength and dollar-weakness trend remains intact, but the pair is clearly in a short-term correction. Resistance in the 1.17 range has triggered profit-taking.
EUR/USD is a daily-chart buy-on-dips candidate, but selling on rebounds is favored in the short term. It is preferable to wait for the hourly chart to improve from Sell toward Neutral or Buy before considering longs.
GBP/USD 1.3637
The 5-minute and 15-minute charts are rated Strong Buy, the hourly chart is Neutral, and the daily chart is Strong Buy.
While EUR/USD is correcting in the short term, GBP/USD remains resilient. EUR/GBP being rated Strong Sell across all timeframes confirms the pound’s relative strength.
Buying on dips is favored in the short term. If the hourly chart turns bullish, a more stable upside move may develop.
USD/JPY 159.09
The 5-minute chart is Strong Sell, the 15-minute chart is Sell, the hourly chart is Strong Buy, and the daily chart is Neutral.
Short-term dollar selling and yen buying are driving a correction, but dollar buying remains on the hourly chart. Direction is divided near 159.00, with short-term and hourly signals not aligned.
Selling on rebounds is favored in the short term. However, with the hourly chart rated Strong Buy, caution is needed against chasing the downside. The pair could stabilize in the low-159 range and move back in the direction of the hourly trend.
USD/CHF 0.8025
The 5-minute, 15-minute, and hourly charts are rated Strong Buy, while the daily chart is Strong Sell.
The daily trend favors dollar weakness and Swiss franc strength, but a clear short-term dollar rebound is underway.
Short-term buying on dips is favored, but the durability of the rebound should be assessed carefully against the bearish daily-chart trend.
AUD/USD 0.7161
The 5-minute chart is Neutral, the 15-minute and hourly charts are Sell, and the daily chart is Strong Buy.
AUD/USD retains its daily-chart uptrend but is correcting from the short term through the hourly chart. AUD/NZD is strongly bullish in the short term, showing that the Australian dollar retains relative strength against the New Zealand dollar.
AUD/USD is a daily-chart buy-on-dips candidate, but waiting for improvement in shorter timeframes is preferable.
NZD/USD 0.5961
The 5-minute, 15-minute, and hourly charts are rated Strong Sell, while the daily chart is Strong Buy.
NZD/USD is one of the dollar pairs showing the clearest short-term correction. It is a pullback within a strong daily-chart uptrend, but it is too early to buy aggressively in the short term.
Selling on rebounds is favored. For daily-chart longs, priority should be given to confirmation of a reversal on the 15-minute and hourly charts.
■ Yen Crosses
EUR/JPY 185.59
The 5-minute and 15-minute charts are Strong Sell, the hourly chart is Sell, and the daily chart is Strong Buy.
EUR/JPY is maintaining its daily uptrend, but the correction continues from short-term charts through the hourly chart. Short-term EUR/USD weakness and yen buying in USD/JPY are weighing on the pair.
Selling on rebounds is favored in the short term. For daily-chart buy-on-dips opportunities, the hourly-chart selling needs to stop first.
GBP/JPY 216.94
The 5-minute chart is Strong Buy, the 15-minute chart is Neutral, the hourly chart is Buy, and the daily chart is Strong Buy.
GBP/JPY is relatively strong among yen crosses, with the hourly and daily uptrends intact. The pound’s relative strength is providing support.
Buying on dips is favored. However, with the 15-minute chart neutral, it is preferable to wait for a short-term correction and confirmation of renewed upside.
CHF/JPY 198.24
The 5-minute, 15-minute, and hourly charts are rated Strong Sell, while the daily chart is Buy.
Short-term yen buying is outweighing Swiss franc buying, keeping the pair under pressure. Although the daily chart remains bullish, short-term weakness is particularly clear among the yen crosses.
Selling on rebounds is favored in the short term. Daily-chart longs should wait for shorter timeframes to improve.
AUD/JPY 113.92
The 5-minute and 15-minute charts are Strong Sell, the hourly chart is Buy, and the daily chart is Strong Buy.
AUD/JPY is experiencing a short-term correction but retains its uptrend on the hourly and daily charts. AUD/USD is correcting in the short term, but USD/JPY also retains hourly buying, leaving the cross relatively resilient.
If the short-term selling pressure fades, AUD/JPY becomes a daily-chart buy-on-dips candidate.
NZD/JPY 94.83
The 5-minute, 15-minute, and hourly charts are rated Sell, while the daily chart is Strong Buy.
The daily uptrend remains in place, but the pair is bearish from the short term through the hourly chart. NZD/USD weakness and yen buying are combining to create short-term pressure.
Selling on rebounds is favored in the short term. Even for daily-chart longs, wait for short-term reversal confirmation.
CAD/JPY 114.88
The 5-minute, 15-minute, and hourly charts are rated Strong Sell, while the daily chart is Strong Buy.
WTI crude remains Strong Buy on the daily chart and supports the Canadian dollar. However, short-term yen buying is stronger, leaving CAD/JPY in a clear correction.
Selling on rebounds is favored in the short term. For daily-chart longs, wait for the hourly sell trend to end.
EUR/GBP 0.8555
All timeframes are rated Strong Sell.
It is one of the clearest directional currency pairs in the current market. Euro selling and pound buying are fully aligned from short-term charts through the daily chart.
The basic strategy is to sell on rebounds. However, when all timeframes are bearish, short-term buybacks can occur easily, so it is preferable to wait for a rebound rather than chase the downside.
AUD/NZD 1.2013
The 5-minute, 15-minute, and hourly charts are rated Strong Buy, while the daily chart is Neutral.
The Australian dollar is outperforming the New Zealand dollar from the short term through the hourly chart. The daily chart remains neutral, so the medium- to long-term direction is unclear, but buying on dips is favored in the short term.
EUR/CHF 0.9362
All timeframes are rated Strong Buy.
While EUR/USD is correcting in the short term, EUR/CHF shows clear euro buying and Swiss franc selling. It is one of the stronger FX pairs in the current market.
The basic strategy is to buy on dips.
■ Commodity Markets
Gold: $4,651.00
Gold Futures: $4,709.71
Both spot gold and gold futures are rated Strong Buy across all timeframes.
Gold remains in an uptrend near high levels, with continued capital inflows into precious metals. The basic strategy is to buy on dips, but because prices are elevated after a sharp advance, priority should be given to confirming renewed upside after a short-term correction.
Silver: 69.1290
All timeframes are rated Strong Buy.
Like gold, silver is in a clear uptrend. Silver tends to be more volatile than gold, so even when trading the upside, position sizing should remain controlled and profit-taking and stop-loss management should be disciplined.
WTI Crude Oil: $85.40
The 5-minute chart is Strong Buy, the 15-minute chart is Buy, the hourly chart is Strong Sell, and the daily chart is Strong Buy.
The market is rebounding in the short term, but hourly selling remains intact. WTI continues to alternate between corrections and rebounds within the daily-chart uptrend.
Short-term buying is favored, but given the hourly-chart sell signal, short-term trades from pullbacks are preferable to chasing higher prices.
Natural Gas: 2.862
All timeframes are rated Strong Buy.
Natural gas is aligned to the upside from short-term charts through the daily chart. Alongside gold, silver, and Bitcoin, it is one of the strongest markets at present.
The basic strategy is to buy on dips.
BTC/USD: $78,255
All timeframes are rated Strong Buy.
Bitcoin’s uptrend is fully aligned from short-term charts through the daily chart. Although it is trading near recent highs, momentum remains very strong.
The basic strategy is to buy on dips. If unable to wait for a short-term correction, position size should be reduced to manage the risk of chasing highs.
■ Equity Markets
U.S. Equities
The Dow Jones is rated Strong Buy on the 15-minute and hourly charts, while its daily chart is Neutral. The short-term outlook is firm, but daily direction remains unclear.
The S&P 500 is rated Strong Sell on the 5-minute and 15-minute charts, while the hourly and daily charts are Neutral. A short-term correction is dominant, and reversal confirmation is needed.
The Nasdaq 100 is rated Sell on the 5-minute, 15-minute, and hourly charts, while the daily chart is Neutral. Technology stocks are notably weaker than other major U.S. equity indices.
European Equities
The DAX is bearish in the short term but Strong Buy on the hourly chart and Neutral on the daily chart. Despite short-term adjustments, the hourly uptrend remains intact.
The FTSE 100 is Strong Sell on the 5-minute chart but Strong Buy on the hourly and daily charts. It is a buy-on-dips candidate after a short-term correction.
The CAC 40 is rated Strong Sell from the 5-minute through the hourly chart and is also rated Sell on the daily chart. It is the weakest major European equity index and favors selling on rebounds.
Japanese Equities
The Nikkei average is trading at 65,528.
All timeframes—from the 5-minute chart through the daily chart—are rated Strong Sell.
Selling is aligned not only in the short term but also on the daily chart, making it the clearest downtrend among major equity indices.
The basic strategy is selling on rebounds, while countertrend buying should be approached cautiously until a clear reversal signal appears.
■ Strength Rankings
S Rank
Gold and gold futures
Silver
BTC/USD
Natural gas
EUR/CHF
EUR/GBP, sell
GBP/JPY, daily and hourly charts
A Rank
GBP/USD
AUD/NZD
AUD/JPY, daily and hourly charts
Short-term WTI crude
Short-term Dow Jones
FTSE 100, daily and hourly charts
B Rank
Short-term USD/CHF
EUR/USD daily chart
AUD/USD daily chart
NZD/USD daily chart
DAX hourly chart
■ Weakness Rankings
S Rank
Nikkei average
Short-term EUR/USD
Short-term NZD/USD
Short-term EUR/JPY
Short-term CAD/JPY
Short-term CHF/JPY
CAC 40
EUR/GBP
A Rank
Short-term AUD/USD
Short-term NZD/JPY
Nasdaq 100
Short-term S&P 500
WTI crude hourly chart
■ Market Themes
The main themes are rallies in precious metals, Bitcoin, and natural gas; relative pound strength; short-term corrections in the euro, New Zealand dollar, and yen crosses; and broad weakness in the Nikkei average.
Gold, silver, Bitcoin, and natural gas are rated Strong Buy across all timeframes, indicating capital inflows into commodities and crypto assets.
EUR/GBP is rated Strong Sell across all timeframes, confirming clear pound strength among European currencies. GBP/USD and GBP/JPY also remain relatively strong.
Meanwhile, EUR/USD, NZD/USD, EUR/JPY, NZD/JPY, and CAD/JPY retain bullish daily charts but are bearish from the short term through the hourly chart. This suggests a short-term correction rather than a breakdown of the medium-term trend.
■ Trading Strategy
Buy-Biased
Gold
Silver
BTC/USD
Natural gas
EUR/CHF
GBP/USD
GBP/JPY
AUD/NZD
Buy-on-Dips Candidates
EUR/USD, daily chart
AUD/USD, daily chart
NZD/USD, daily chart
AUD/JPY, daily and hourly charts
DAX, hourly chart
FTSE 100, daily and hourly charts
WTI crude, daily chart
Sell-on-Rebounds Candidates
EUR/GBP
Short-term EUR/USD
Short-term NZD/USD
Short-term EUR/JPY
Short-term NZD/JPY
Short-term CAD/JPY
Short-term CHF/JPY
Nikkei average
CAC 40
Nasdaq 100
Short-term S&P 500
Markets Requiring Caution
Gold, silver, Bitcoin, and natural gas are in very strong uptrends, but sharp profit-taking remains possible near elevated levels. It is preferable to wait for pullbacks or trade with smaller position sizes.
USD/JPY is bearish in the short term, bullish on the hourly chart, and neutral on the daily chart. With timeframes divided around 159.00, it is preferable to wait until short-term and hourly direction align before establishing a position.
The Nikkei average is rated Strong Sell across all timeframes. Until a clear reversal signal appears, avoid countertrend buying and prioritize selling on rebounds.
