Technical Analysis | June 1, 2026
Overview
The current market is showing:
Strong equities
Japanese yen weakness
Precious metals rebounding
Bitcoin weakness
A resilient US dollar
In one phrase:
“Risk-on continues, but some capital is rotating into selective safe havens.”
1. US Dollar
USD/JPY — 159.46
- 15-min: Strong Buy
- 1-hour: Strong Buy
- Daily: Strong Buy
→ USD/JPY remains very strong
Trading in the upper 159 range.
Yen weakness continues.
USD/CHF
Hourly trend remains bullish.
Daily chart is softer.
→ Dollar strength continues,
but momentum has cooled slightly.
2. European Currencies
Performance is mixed.
EUR/USD
Short-term is weak.
Direction remains unclear.
GBP/USD
Very strong.
Daily chart also bullish.
EUR/GBP
Selling across all timeframes.
→ Pound remains stronger than the euro.
3. Oceania
AUD/USD
Short-term weak.
Daily still strong.
→ Looks like a pullback within an uptrend.
NZD/USD
Similar setup.
Short-term softer.
Daily trend remains strong.
AUD/NZD
- Hourly: Buy
- Daily: Sell
→ Neutral overall.
4. Yen Crosses
Very strong overall.
EUR/JPY
Daily bullish.
GBP/JPY
Very strong.
AUD/JPY
Daily bullish.
NZD/JPY
Daily bullish.
CAD/JPY
Short-term weaker.
5. Gold and Silver
Both remain strong.
Gold
Short-term bullish.
Daily chart still slightly weak.
Silver
Strong through the hourly chart.
→ Capital is rotating back into precious metals.
6. Energy
Crude Oil
Rebounding strongly.
Hourly trend bullish.
Natural Gas
Hourly and daily charts both strong.
7. Bitcoin
This remains the weakest asset.
All timeframes:
Strong Sell
→ Even with risk appetite improving,
crypto has not attracted fresh buying.
8. Equities
Very strong.
Dow Jones
Strong
S&P 500
Strong
Nasdaq
Strong across all timeframes
30,333
DAX
Strong across all timeframes
Nikkei 225
66,928
Very strong
Strongest Markets
S Rank
- Nasdaq
- Nikkei 225
- USD/JPY
- DAX
- GBP/JPY
A Rank
- Gold
- Silver
- Crude Oil
Weakest Markets
- Bitcoin
- EUR/GBP
- CAD/JPY
Final Take
The dominant market theme right now is:
Equities higher
Yen weaker
Commodities stronger
However,
Bitcoin remains weak
which stands out.
In summary:
Bullish bias
- USD/JPY
- Nasdaq
- Nikkei 225
- GBP/JPY
- Gold
- Silver
Weak
- Bitcoin
- EUR/GBP
The key theme is:
“Stocks higher + yen weakness + commodities rising.”
That is a fairly clean risk-on environment.
But because Bitcoin is not participating,
this is not full-market optimism.
It is a more selective,
rotation-driven risk-on market.
