📊 Technical Analysis — March 20, 2026

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■ Market Condition

👉 Risk-off trend continues, but a short-term rebound is underway

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🔥 Situation Summary

• Equities: Still broken on the daily timeframe

• USD: Strength maintained

• JPY: Temporarily weakening → yen crosses rebounding

• Oil: Continuing higher

• Gold: Weak (in a rebound phase)

• BTC: Continued breakdown

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🧠 Macro Structure

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💱 FX Core View

✔ EUR/USD

• Short-term: Strong Buy

• Daily: Strong Sell

👉 Sell-the-rally market (very important)

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✔ GBP/USD

👉 Same structure: Sell rallies

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✔ USD/JPY

• Short-term: Buy

• Medium-term: Unstable

👉 Lack of clear direction (correction phase)

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💴 Yen Crosses (Key Focus)

👉 The key theme right now

➡ Short-term risk-on rebound

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🛢 Oil

• All timeframes: Strong Buy

👉 Only consistent trend in the market

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🥇 Precious Metals

👉 Sell bias remains dominant

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🪙 BTC

👉 Sell across all timeframes

➡ Continued weakness in risk assets

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📉 Equities

• Daily: Strong Sell

• Short-term: Rebounding

👉 Sell-the-rally phase

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🌍 Currency Strength

Strong

1️⃣ USD
2️⃣ CAD
3️⃣ AUD

Weak

1️⃣ NZD
2️⃣ EUR
3️⃣ GBP

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📊 Best Short Opportunities

1️⃣ SILVER (XAG/USD) 🔥 strongest trend
2️⃣ BTC/USD
3️⃣ EUR/USD (sell rallies)
4️⃣ GBP/USD (sell rallies)
5️⃣ Equity indices (sell rallies)

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📈 Best Long Opportunities

1️⃣ Crude Oil (WTI) 🔥 strongest
2️⃣ AUD/JPY
3️⃣ CAD/JPY
4️⃣ NZD/JPY (short-term)
5️⃣ USD/JPY (short-term)

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🎯 Trading Strategy (Important)

✔ Main Strategy

👉 Long Oil (Top Priority)

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✔ Secondary

👉 Short-term longs in yen crosses

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✔ Primary Setup

👉 Wait to sell rallies in dollar pairs

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⚠️ Most Important Insight

👉 This is a “rebound market”

Which means:

• Buying just because price is rising → ❌ Dangerous

• Selling after rallies → ✅ Aligned with the main trend

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📌 One-Line Summary

👉 “Primary trend is risk-off — current move is a rebound.”