Web Trader MT5 
USDJPY Technical Analysis
The 4-hour chart of USDJPY shows a strong uptrend over the past few weeks. As it has been steadily rising from a low around 146.58 in early October to its current level of 153.42. Price action shows strong green candlesticks with minor pullbacks, which is typical of a healthy, trending market. The overall trend remains bullish.
Moving averages MA(5), MA(10), and MA(30) are bullishly aligned, and are all sloping upwards. The price is consistently trading above all three moving averages. This alignment is a strong confirmation of an established uptrend.
MACD line and signal line are both above the zero line, confirming strong long-term bullish momentum. Overview of the pair is still bullish. Pullbacks to the moving averages, which are acting as dynamic support, could push prices higher.
USDJPY 1H Chart
| Resistance | 153.55 | 154.00 | 154.63 |
| Support | 152.50 | 151.91 | 151.40 |
Gold Technical Analysis
The hourly chart of gold shows consolidation following a clear downtrend in the short term.
Following the sharp decline from a high near $4,180 down to a low of approximately $3,886, price has entered a consolidation phase.
Moving averages MA(5), MA(10) and MA(30) were steeply declining but have recently begun to flatten out and converge. The price has crossed back above the shorter moving averages, and they are now challenging the 30-period moving average, which acts as current resistance. This convergence signals a loss of clear directional momentum.
MACD recently crossed above the signal line, and the pair moved from deep negative territory to near the zero line. The indicator is attempting to cross the zero line, which would confirm a shift in the overall trend.
MACD suggests short-term buying pressure, but until the price breaks clearly above the moving averages and the zero line on the MACD is crossed, the overall bearish pressure from the recent drop remains a threat.
Gold 1H Chart
| Resistance | $4,008 | $4,050 | $4,100 |
| Support | $3,915 | $3,886 | $3,818 |
Bitcoin Technical Analysis
The hourly chart of bitcoin shows a clear bearish trend in the short term. However, signs of a potential bullish reversal are appearing on price action.
Price is now testing the long term moving average MA(30). Closing above this dynamic resistance level will give a positive signal indicating a bullish reversal in the trend with the next potential resistance level at $114,000.
MACD is showing signs of bullish reversal. This compliments the bullish price action after failing to close below $108,700.
Although the current trend is bearish, signals of strength are showing in price action. As long as price holds above $108,000, the outlook reamains bullish.
Bitcoin 1H Chart
| Resistance | $112,000 | $113,600 | $114,450 |
| Support | $109,360 | $108,000 | $107,245 |
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
