Technical Analysis — October 9, 2026
Overview
Today’s main themes are rebounds in yen crosses and precious metals, aligned buy signals in AUD/NZD, and diverging directions among U.S. equity indices.
USD/JPY maintains Strong Buy ratings across all timeframes. GBP/USD and AUD/USD have reversed to Strong Buy from the short-term through the hourly timeframe, but their daily ratings remain Strong Sell. EUR/USD remains bearish, while USD/CHF’s hourly rating has shifted to Strong Sell. The broad dollar-buying pattern from the previous update has given way to different directions across currency pairs.
Among yen crosses, GBP/JPY, CHF/JPY, AUD/JPY, NZD/JPY, and CAD/JPY show Strong Buy ratings from the short-term through the hourly timeframe. However, GBP/JPY and CHF/JPY have Neutral daily ratings, while the other pairs remain bearish on the daily timeframe. None has buy signals aligned through the daily timeframe. AUD/NZD shows Strong Buy across all timeframes, with the Australian dollar maintaining its strength against the New Zealand dollar.
In commodities, gold and silver have improved to Strong Buy on the hourly timeframe. Their daily Strong Sell ratings remain, so the moves should be viewed as rebounds against a downtrend. WTI crude oil has Neutral ratings on the hourly and daily timeframes, breaking its previous alignment of buy signals. Natural gas shows Strong Sell from the short-term through the hourly timeframe, against a daily Strong Buy rating.
BTC’s hourly rating has improved to Buy, while its daily rating has weakened to Sell. Among equity indices, the Dow and major European indices are showing short-term rebounds, but their daily ratings remain bearish. The S&P 500 and Nikkei 225 have Neutral hourly ratings against daily Strong Buy ratings, while the Nasdaq 100 has an hourly Strong Sell rating.
Key Changes Since the Previous Update
GBP/USD has risen from 1.3192 to 1.3242, while AUD/USD has climbed from 0.6952 to 0.6982. Both pairs have reversed from Strong Sell to Strong Buy from the short-term through the hourly timeframe.
GBP/JPY has risen from 208.79 to 209.61, with its short-term and hourly ratings improving to Strong Buy and its daily rating to Neutral. CHF/JPY’s hourly and daily Strong Sell ratings have also shifted to Strong Buy and Neutral, respectively.
USD/CHF has fallen from 0.8343 to 0.8307. Its hourly Strong Buy rating has reversed to Strong Sell, creating a conflict with the daily Strong Buy rating.
Spot gold has risen from 4123.17 to 4185.39, while spot silver has climbed from 58.9440 to 60.3880. Both have improved to Strong Buy on the hourly timeframe.
WTI crude oil has fallen from 91.96 to 90.63, with its hourly Strong Buy rating weakening to Neutral. Natural gas has also declined from 3.246 to 3.117, with its hourly Neutral rating shifting to Strong Sell.
BTC has fallen from 83220.0 to 82715.0. Its hourly rating has improved from Sell to Buy, while the daily rating has weakened from Neutral to Sell.
The Nasdaq 100 has fallen from 31160.08 to 30725.81, with its hourly Strong Buy rating reversing to Strong Sell. The Nikkei 225 has declined from 69244.00 to 69144.00, while its short-term ratings have improved to Strong Buy and its hourly rating to Neutral.
Foreign Exchange
EUR/USD — 1.1221
The 5-minute rating is Neutral, the 15-minute is Strong Sell, and the hourly and daily ratings are Sell and Strong Sell, respectively.
The previous Strong Sell ratings across all timeframes have eased on the 5-minute and hourly timeframes. However, hourly moving averages and indicators both remain bearish, and no bullish reversal has been confirmed.
The primary bias favors selling rallies. Watch whether the 5-minute rating returns to Sell or selling pressure also eases on the 15-minute timeframe and above.
GBP/USD — 1.3242
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Strong Sell.
The previous Strong Sell ratings across all timeframes have broken down. Moving averages and indicators are aligned to the buy side from the short-term through the hourly timeframe. On the hourly timeframe, both show Strong Buy.
This is a rebound against the daily bearish bias. Even when considering selling rallies, wait for hourly buying to weaken.
USD/JPY — 158.29
All timeframes show Strong Buy.
Bullish alignment remains intact from the previous update. Moving averages and indicators both show Strong Buy on the 15-minute and hourly timeframes. On the daily timeframe, moving averages show Buy and indicators show Strong Buy.
The primary bias favors buying dips. After a short-term correction, watch whether hourly buy signals remain intact and the short-term ratings realign to the buy side.
USD/CHF — 0.8307
The 5-minute rating is Strong Sell, the 15-minute is Sell, the hourly is Strong Sell, and the daily is Strong Buy.
The previous bullish alignment has broken down. On the hourly timeframe, moving averages show Strong Sell and indicators show Sell, conflicting with the daily buy bias.
Even when considering buying dips in line with the daily trend, prioritize waiting for hourly selling to subside. If trading short-term weakness, distinguish it from pairs where sell signals extend through the daily timeframe.
AUD/USD — 0.6982
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Strong Sell.
The pair has shifted from Strong Sell across all timeframes to a rebound from the short-term through the hourly timeframe. Moving averages and indicators both show Strong Buy across those shorter timeframes.
This is a rebound against the daily bearish bias. Short-term buy signals are clearly aligned, but a bullish reversal on the daily timeframe has yet to be confirmed.
NZD/USD — 0.5613
The 5-minute rating is Strong Buy, the 15-minute and hourly ratings are Neutral, and the daily rating is Strong Sell.
The previous Strong Sell ratings across all timeframes have eased. However, on the 15-minute timeframe, moving averages show Buy while indicators show Sell. Hourly moving averages also remain Neutral.
The hourly rebound is less clear than in GBP/USD and AUD/USD. Watch whether the hourly rating improves to Buy or the pair resumes moving in line with its daily bearish bias.
Yen Crosses and Relative Currency Strength
EUR/JPY — 177.62
The 5-minute rating is Strong Buy, the 15-minute is Neutral, the hourly is Strong Buy, and the daily is Strong Sell.
The previous Strong Sell ratings across all timeframes have broken down. Hourly moving averages and indicators both show Strong Buy, but on the 15-minute timeframe, Strong Buy signals from moving averages conflict with Sell signals from indicators.
This is a rebound against the daily bearish bias. Watch whether the 15-minute rating aligns to the buy side or hourly buying weakens.
GBP/JPY — 209.61
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Neutral.
The pair has reversed from Strong Sell across all timeframes to bullish short-term and hourly ratings. On the daily timeframe, Sell signals from moving averages conflict with Buy signals from indicators, improving the overall rating from Strong Sell to Neutral.
Short-term and hourly buy signals are clear. However, buy signals have yet to align on the daily timeframe, so monitor whether the daily conflict resolves.
CHF/JPY — 190.56
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Neutral.
The previous Strong Sell ratings from the 15-minute through the daily timeframe have broken down. Hourly moving averages and indicators both show Strong Buy, while daily moving averages show Sell and indicators show Buy.
As with GBP/JPY, hourly conditions have improved clearly. Assess whether short-term buying continues separately from whether the daily rating improves to Buy.
AUD/JPY — 110.50
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Sell.
The previous Neutral ratings on the 15-minute and hourly timeframes have improved to Strong Buy. Moving averages and indicators are unanimously Strong Buy from the short-term through the hourly timeframe, while both remain bearish on the daily timeframe.
This is a rebound against the daily bearish bias. While hourly buy signals remain intact, there is little reason to rush into selling rallies. Wait for the rebound to lose momentum.
NZD/JPY — 88.84
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Strong Sell.
The previous Strong Sell ratings across all timeframes have broken down. Moving averages and indicators are aligned to the buy side from the short-term through the hourly timeframe. On the hourly timeframe, both show Strong Buy.
While NZD/USD has Neutral ratings on the 15-minute and hourly timeframes, the rebound in NZD/JPY is clearer. Assess the pair as a rebound against its daily bearish bias, taking into account the difference between its performance against the dollar and the yen.
CAD/JPY — 111.26
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Sell.
The previous short-term Neutral rating has improved to Strong Buy, while the daily Strong Sell rating has eased to Sell. Hourly moving averages and indicators both maintain Strong Buy.
The rebound is more aligned than in the previous update, but the daily sell signal remains. If considering selling rallies, wait for buy signals from the short-term through the hourly timeframe to weaken.
EUR/GBP — 0.8474
All timeframes show Strong Sell. Moving averages and indicators are also unanimously Strong Sell.
As in the previous update, the pair clearly shows sterling’s relative strength against the euro. GBP/USD’s hourly rating has improved to Strong Buy, while EUR/USD remains bearish.
The primary bias favors selling rallies. However, GBP/USD’s daily rating is Strong Sell, so this should be distinguished from broad sterling strength.
AUD/NZD — 1.2439
All timeframes show Strong Buy. Moving averages and indicators are also unanimously Strong Buy.
The previous 5-minute Buy rating has improved to Strong Buy, bringing it into alignment with buy signals from the 15-minute timeframe upward. The Australian dollar continues to show strength against the New Zealand dollar.
The primary bias favors buying dips. After a short-term correction, watch whether the 15-minute and hourly Strong Buy ratings remain intact.
EUR/CHF — 0.9322
All timeframes show Strong Sell.
The previous Neutral hourly rating has shifted to Strong Sell. Moving averages and indicators both show Strong Sell from the short-term through the hourly timeframe, aligning with the daily bearish bias.
The primary bias favors selling rallies. Along with EUR/GBP, this is a clear pair for expressing relative euro weakness.
Commodities
Gold — 4185.39
The 5-minute rating is Strong Sell, the 15-minute is Neutral, the hourly is Strong Buy, and the daily is Strong Sell.
The previous hourly Sell rating has reversed to Strong Buy. However, 5-minute moving averages and indicators remain bearish, and 15-minute moving averages are Neutral.
This is an hourly rebound against the daily bearish bias. Watch whether short-term selling extends to the hourly timeframe or the 15-minute rating improves to Buy.
Gold Futures — 4210.01
The 5-minute rating is Strong Sell, the 15-minute is Neutral, the hourly is Strong Buy, and the daily is Strong Sell.
As in spot gold, the previous hourly Sell rating has improved to Strong Buy. Hourly moving averages show Buy and indicators show Strong Buy, but buy signals are not yet aligned on the short-term timeframes.
Even when considering selling rallies in line with the daily trend, wait for hourly buying to weaken. Short-term selling alone does not confirm the end of the rebound.
Silver — 60.3880
The 5-minute rating is Strong Buy, the 15-minute is Buy, the hourly is Strong Buy, and the daily is Strong Sell.
The previous Strong Sell ratings across all timeframes have broken down, with a rebound now extending through the hourly timeframe. Moving averages and indicators are also aligned to the buy side from the short-term through the hourly timeframe.
Short-term buy signals are more clearly aligned than in gold, but the daily downtrend continues. Watch whether the hourly rebound persists.
Silver Futures — 60.645
The 5-minute rating is Buy, the 15-minute and hourly ratings are Strong Buy, and the daily rating is Strong Sell.
The previous Strong Sell ratings across all timeframes have reversed to buy signals on the short-term and hourly timeframes. The 5-minute moving-average rating is Neutral, but the rebound from the 15-minute timeframe upward is in line with spot silver.
This is a rebound against the daily bearish bias. Even when considering selling rallies, wait for the 15-minute and hourly buy signals to weaken.
WTI Crude Oil — 90.63
The 5-minute rating is Buy, while the 15-minute, hourly, and daily ratings are Neutral.
The previous Strong Buy ratings from the short-term through the hourly timeframe have broken down. On the hourly and daily timeframes, Buy signals from moving averages conflict with Strong Sell signals from indicators.
Wait for clearer directional alignment. Do not infer a higher-timeframe uptrend from the 5-minute Buy rating alone; watch whether the hourly signals align to the buy or sell side.
Natural Gas — 3.117
The 5-minute, 15-minute, and hourly ratings are Strong Sell, while the daily rating is Strong Buy.
The previous Neutral hourly rating has shifted to Strong Sell, bringing short-term selling into alignment through the hourly timeframe. On the daily timeframe, moving averages show Buy and indicators show Strong Buy, maintaining the bullish bias.
Even when considering buying dips in line with the daily trend, prioritize waiting for selling through the hourly timeframe to subside. The short-term correction is more consistently aligned than in the previous update.
BTC/USD — 82715.0
The 5-minute and 15-minute ratings are Strong Buy, the hourly is Buy, and the daily is Sell.
The previous hourly Sell rating has improved to Buy. However, hourly moving averages remain Neutral, and the Buy rating is driven by Strong Buy signals from indicators. The daily rating has weakened from Neutral to Sell.
This is a rebound against the daily bearish bias. Watch whether short-term buying extends to the hourly moving averages or the rebound loses momentum.
Equity Indices
Dow Jones Industrial Average — 51231.64
The 5-minute and 15-minute ratings are Strong Buy, the hourly is Neutral, and the daily is Strong Sell.
The pair’s previous Strong Sell ratings across all timeframes have given way to a short-term rebound. Hourly moving averages are Neutral and indicators show Buy, so clear bullish alignment has yet to emerge.
This is a short-term rebound against the daily bearish bias. If considering selling rallies, watch whether short-term buying weakens and the hourly rating returns to Sell.
S&P 500 — 7765.36
The 5-minute and 15-minute ratings are Strong Buy, the hourly is Neutral, and the daily is Strong Buy.
The previous Strong Buy ratings across all timeframes have weakened to Neutral on the hourly timeframe. Hourly moving averages show Buy, while indicators show Strong Sell.
The index remains a candidate for buying dips in line with the daily trend, but hourly bullish alignment has broken down. Watch for the short-term rebound to continue and the hourly rating to return to Buy.
Nasdaq 100 — 30725.81
The 5-minute rating is Buy, the 15-minute is Sell, the hourly is Strong Sell, and the daily is Strong Buy.
The previous Strong Buy ratings across all timeframes have broken down. Moving averages and indicators both point to selling on the 15-minute and hourly timeframes, in conflict with the daily buy bias.
Even when considering buying dips in line with the daily trend, prioritize waiting for hourly selling to subside. The 5-minute Buy rating alone is not enough to confirm renewed bullish alignment.
German DAX — 25095.03
The 5-minute rating is Neutral, the 15-minute is Strong Buy, the hourly is Buy, and the daily is Strong Sell.
The previous Strong Sell ratings across all timeframes have broken down, with a rebound emerging on the 15-minute and hourly timeframes. Hourly moving averages are Neutral, while the improvement is driven by Strong Buy signals from indicators.
This is a rebound against the daily bearish bias. Watch whether hourly buying continues or sell signals realign from the short-term upward.
UK 100 — 10538.95
The 5-minute, 15-minute, and hourly ratings are Strong Buy, while the daily rating is Sell.
The previous Strong Sell ratings across all timeframes have reversed on the short-term and hourly timeframes. The daily rating has also eased from Strong Sell to Sell, with moving averages Neutral and indicators Strong Sell.
Among the major European indices, the rebound from the short-term through the hourly timeframe is clear. However, buy signals have not aligned on the daily timeframe. If considering selling rallies, wait for the rebound to lose momentum.
French CAC 40 — 7791.11
The 5-minute rating is Sell, the 15-minute and hourly ratings are Buy, and the daily rating is Strong Sell.
The previous Strong Sell ratings from the 15-minute timeframe upward have eased, and the hourly rating has improved to Buy. However, hourly moving averages remain Neutral, with the improvement driven by Strong Buy signals from indicators.
Daily weakness persists. With short-term and hourly signals not fully aligned, watch whether the 5-minute rating returns to Buy or the rebound from the 15-minute timeframe upward weakens.
Nikkei 225 — 69144.00
The 5-minute and 15-minute ratings are Strong Buy, the hourly is Neutral, and the daily is Strong Buy.
The previous short-term Strong Sell ratings have reversed to Strong Buy, while the hourly rating has improved from Strong Sell to Neutral. However, hourly moving averages show Buy while indicators show Sell.
The index remains a candidate for buying dips in line with the daily trend, but wait for hourly signals to align to the buy side. The short-term rebound is clear, though further improvement is needed to restore bullish alignment on the higher timeframes.
Strength Rankings
Strong Buy Across All Timeframes
USD/JPY
AUD/NZD
Clear Strong Buy Ratings from the Short-Term Through the Hourly Timeframe, with a Neutral Daily Rating
GBP/JPY
CHF/JPY
Rebounds Against Daily Sell Signals
GBP/USD
AUD/USD
EUR/JPY
AUD/JPY
NZD/JPY
CAD/JPY
Hourly ratings for spot gold and silver, and their futures
UK 100
German DAX and French CAC 40
BTC/USD
Daily Strong Buy with a Short-Term Rebound but Neutral Hourly Ratings
S&P 500
Nikkei 225
These rebound candidates should be assessed separately from instruments with buy signals aligned through the daily timeframe. Also check whether hourly moving averages confirm the rebound.
Weakness Rankings
Strong Sell Across All Timeframes
EUR/GBP
EUR/CHF
Sell Signals from the 15-Minute Timeframe Upward, with a Neutral 5-Minute Rating
EUR/USD
Short-Term and Hourly Strong Sell Against a Daily Strong Buy Rating
USD/CHF
Natural gas
Nasdaq 100 on the 15-minute and hourly timeframes
Strong Sell on the 5-Minute Timeframe Against a Daily Strong Sell Rating, with an Hourly Rebound
Gold and gold futures
Distinguish pairs with sell signals aligned through the daily timeframe from instruments undergoing a correction against a daily buy bias.
Trading Strategy
Candidates for Buying Dips
USD/JPY and AUD/NZD show Strong Buy across all timeframes. After short-term corrections, watch whether buy signals on the 15-minute and hourly timeframes remain intact.
The S&P 500 and Nikkei 225 have daily Strong Buy ratings and short-term Strong Buy ratings, but Neutral hourly ratings. Wait for hourly moving averages and indicators to align to the buy side.
USD/CHF, natural gas, and the Nasdaq 100 have Strong Sell ratings on the hourly timeframe despite daily Strong Buy ratings. Do not rely on the daily buy signals alone; prioritize waiting for hourly selling to subside.
Candidates for Selling Rallies
EUR/GBP and EUR/CHF show Strong Sell across all timeframes. Watch for sell signals to realign after short-term rebounds.
EUR/USD also has sell signals from the 15-minute timeframe upward. Watch whether its Neutral 5-minute rating turns to Sell and hourly selling remains intact.
GBP/USD, AUD/USD, EUR/JPY, AUD/JPY, NZD/JPY, CAD/JPY, gold and silver, and the major European indices have bearish daily ratings but retain hourly buy signals. If considering selling rallies, wait for the rebound to lose momentum and selling to return to the hourly timeframe.
BTC also has a daily Sell rating, but its hourly rating has improved to Buy. While the rebound continues, there is little reason to rush into selling.
Instruments Awaiting Directional Alignment
WTI crude oil has Neutral ratings from the 15-minute through the daily timeframe. Hourly and daily moving averages show Buy while indicators show Sell. Wait for clearer directional alignment.
NZD/USD has a Neutral hourly rating, leaving the extent of its rebound against the daily bearish bias unclear. The Dow also has Strong Buy short-term ratings, a Neutral hourly rating, and a daily Strong Sell rating.
GBP/JPY and CHF/JPY show Strong Buy from the short-term through the hourly timeframe, with Neutral daily ratings. Watch whether hourly improvement extends to the daily timeframe.
Key Points to Watch
Today, rebounds have broadened across yen crosses, precious metals, and major European indices that showed aligned sell signals in the previous update. In contrast, the previous bullish alignment in USD/CHF and the Nasdaq 100 has broken down, while selling in natural gas has extended through the hourly timeframe. Prioritize current alignment across timeframes over carrying forward the previous day’s direction.
Many rebound candidates retain bearish daily ratings. Do not treat hourly buy signals as confirmation of a daily uptrend. The next decision point is whether the rebound continues or prices resume moving in line with the daily trend.
Buying multiple yen crosses creates overlapping exposure to yen weakness. Long positions in GBP/USD and GBP/JPY, together with a short position in EUR/GBP, share exposure to sterling strength. Long positions in AUD/USD, AUD/JPY, and AUD/NZD create overlapping exposure to the Australian dollar. Assess diversification by considering shared currency exposure, not just the number of pairs.
