📊 Technical Analysis — April 9, 2026

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■ Overview

Core Market Reality

Compared to previous sessions, the current technical landscape is significantly stronger:

👉 A broad-based rally across nearly all markets

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Key Highlights (5 Points)

1. Cross JPY pairs are universally strong

• EUR/JPY: Strong buy across all timeframes
• GBP/JPY: Strong buy across all timeframes
• AUD/JPY: Strong buy across all timeframes
• NZD/JPY: Strong buy across all timeframes

👉 Clear and aggressive JPY weakness

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2. Risk assets are rising simultaneously

• BTC: Strong buy
• US equities: Strong across the board
• Gold & Silver: Strong buy

👉 Capital is flowing upward across multiple asset classes simultaneously

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3. EUR and NZD stand out as particularly strong

• EUR/USD: Strong buy across all timeframes
• NZD/USD: Strong buy across all timeframes

👉 This is not USD dominance
👉 Multiple currencies outperforming USD

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4. Oil remains supported

• WTI: Buy bias across all timeframes

👉 Commodities remain structurally supported

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5. Exception: AUD/NZD weakness

• AUD/NZD: Strong sell (short to mid-term)

👉 NZD clearly outperforming AUD

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■ Overall Ranking

🥇 S-Rank (Strongest Trends)

1. EUR/JPY
   → Cleanest trend across all timeframes
   👉 One of the strongest directional markets
2. GBP/JPY
   → Pure reflection of JPY weakness
3. AUD/JPY
   → Strong risk-on cross with solid follow-through
4. NZD/JPY
   → NZD strength + JPY weakness
   👉 Potential leader in this cycle
5. XAU/USD (Gold)
   → Strong, consistent uptrend
   👉 High-quality structure
6. S&P 500
   → Most stable equity trend
7. Dow Jones
   → Broad equity strength confirmation
8. Nasdaq 100
   → Growth stocks holding strong

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🥈 A-Rank (Very Strong, Slight Noise)

9. EUR/USD
   → Clear EUR dominance
10. NZD/USD
    → Strongest USD pair candidate
11. BTC/USD
    → Strong risk-on signal

12–14. Silver / XAG / Gold Futures
→ Metals sector broadly strong

15. USD/JPY
    → Still bullish, but weaker vs cross JPY

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🥉 B-Rank (Bullish but Less Clean)

16. AUD/USD
17. EUR/CHF
18. CAD/JPY
19. EUR/GBP
20. WTI Crude

👉 Still bullish, but not top-tier trends

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⚠️ C-Rank (Mixed / Avoid)

• USD/CHF → Timeframe conflict
• Natural Gas → Short-term bounce only
• DAX / Nikkei / FTSE / CAC → Short-term weakness vs long-term strength

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🔴 Weakest

• AUD/NZD
  👉 NZD clearly dominating AUD

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■ Thematic Breakdown

1. JPY

👉 Weakest currency

• EUR/JPY ↑
• GBP/JPY ↑
• AUD/JPY ↑
• NZD/JPY ↑

👉 Core driver of this market

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2. EUR

👉 Broad strength

• EUR/USD ↑
• EUR/JPY ↑
• EUR/CHF ↑
• EUR/GBP ↑

👉 Near full-spectrum EUR strength

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3. NZD

👉 Standout performer

• NZD/USD ↑
• NZD/JPY ↑
• AUD/NZD ↓

👉 One of the strongest currencies right now

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4. USD

👉 Not uniform

• USD/JPY: Strong
• USD/CHF: Weak
• EUR/USD: Rising
• NZD/USD: Rising

👉 This is a selective market, not USD dominance

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■ Commodities

Gold

👉 One of the strongest assets

• Strong buy across all timeframes

✔ Buy the dip
❌ Shorting is dangerous

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Silver

👉 Strong follow-through from gold

✔ Higher volatility → bigger moves

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Oil (WTI)

👉 Bullish, but not dominant

✔ Uptrend intact
✔ Secondary leader

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Natural Gas

👉 Short-term bounce only

❌ Not suitable for trend following

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■ Equity Indices

Strongest

1. S&P 500
2. Dow Jones
3. Nasdaq

👉 Clear bullish US equity environment

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Mixed / Lagging

• DAX
• Nikkei
• FTSE
• CAC

👉 Short-term correction vs long-term strength

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■ BTC Analysis

Current State

• All timeframes: Strong buy

👉 Not a bounce — trend resumption

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Strategy

✔ Buy dips
✔ Wait for pullbacks before re-entry

👉 Supported by broader risk-on environment

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■ Trade Setup Rankings

🟢 Best Longs

1. EUR/JPY
2. GBP/JPY
3. AUD/JPY
4. NZD/JPY
5. Gold
6. S&P 500
7. EUR/USD
8. NZD/USD
9. BTC/USD
10. Dow Jones

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🔴 Shorts

1. AUD/NZD
2. USD/CHF (sell rallies)
3. Natural Gas (higher timeframe bias)

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■ Practical Summary

Clean Trend Trades

• EUR/JPY Long
• GBP/JPY Long
• NZD/JPY Long
• Gold Long
• S&P 500 Long

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Relative Strength Trades

• NZD/USD Long
• EUR/USD Long
• EUR/CHF Long
• AUD/NZD Short

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Caution

• USD/CHF
• Nikkei
• FTSE / CAC
• Natural Gas

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■ Final Conclusion

👉 The current market can be summarized as:

“A full risk-on rally led by JPY weakness, EUR strength, and NZD dominance.”

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Three Key Pillars

✔ Broad cross-JPY rally
✔ Simultaneous rise in gold, BTC, and equities
✔ NZD strength vs AUD weakness

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■ One-Line Summary

👉 This is not a market to search for weakness

👉 It is a market to buy strength — aggressively and selectively