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LINKUSD LINK USD CRYPTO CFD on PEPPERSTONE
Higher local rejections aren't marked because they appear to be tested, if you're doubtful, mark them yourself.
Initial lows, supports, untested spots marked with hotpurple box. Testing support currently, also a local low has been created, either we regain it and hold to continue with the move up.. or more likely, break below and push on to retest initial lows that created this whole trend up.
Always refreshing charting a different ticker, removes imprinted biases, lets you acknowledge key spots, and removes all the bs.
Anyways, i'll be watching this ticker over the next week or two. Once again LINKUSD LINK USD CRYPTO CFD on PEPPERSTONE
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AUDUSD long 4h 4RRR PEPPERSTONE4hr timeframe long, looking at AUDUSD, marked previous break out failures & gains. Simple price action retests within a range, not a trade aiming to see new breakouts or new lows/highs.
Simple local price action trade with 4:1 risk/reward. Ideal price action based trade, wishing to see it play out within the next few days.
What's affecting JPY price?The price of the Japanese Yen (JPY) can be influenced by a variety of factors, including:
1. Macroeconomic factors: The value of the JPY can be affected by macroeconomic indicators such as GDP growth, inflation, interest rates, and unemployment. For example, if Japan's GDP grows at a faster rate than expected, this can cause the value of the JPY to increase.
2. Global market sentiment: The JPY is often seen as a safe-haven currency, meaning that investors tend to buy it during times of global economic or political uncertainty. When investors feel nervous about the global economy or the stability of other currencies, they may flock to the JPY, causing its value to rise.
3. Geopolitical events: The JPY can be affected by geopolitical events such as elections, wars, and diplomatic tensions. For example, if tensions between Japan and another country escalate, this could cause investors to sell off the JPY, leading to a decrease in its value.
4. Monetary policy: The Bank of Japan has the ability to influence the value of the JPY through its monetary policy decisions. For example, if the bank lowers interest rates, this can make the JPY less attractive to investors, causing its value to decrease.
5. Trade relationships: Japan's trade relationships with other countries can also affect the value of the JPY. If Japan's exports increase, this can cause an increase in demand for the JPY, leading to an increase in its value.
Overall, the value of the JPY can be affected by a wide range of factors, and it is important to carefully monitor global economic and political developments to gain insight into its potential movements.
What's affecting the gold price?Gold is considered a safe-haven asset and is often sought after by investors during times of economic uncertainty or market volatility.
The price of gold can be influenced by a number of factors, including:
1. Global economic conditions: Economic conditions such as inflation, interest rates, and stock market performance can all affect the price of gold. In general, when economic conditions are uncertain or unstable, investors tend to turn to gold as a safe haven asset, driving up its price.
2. Demand and supply: The supply and demand of gold can have a significant impact on its price. While gold mining production can increase the supply of gold, demand from jewelry, technology, and investment can also fluctuate and impact the price.
3. Geopolitical events: Political instability or uncertainty, such as conflict or trade disputes, can increase demand for gold as a safe haven asset, leading to price increases.
4. Currency fluctuations: Since gold is priced in US dollars, fluctuations in currency values can also impact its price. When the US dollar weakens, gold becomes relatively cheaper for investors using other currencies, which can increase demand and drive up the price.
5. Interest rates: The price of gold tends to have an inverse relationship with interest rates. When interest rates are low, the opportunity cost of holding gold is lower, which can increase demand and drive up the price.
It's important to note that the price of gold can be volatile and can fluctuate based on a variety of factors. Investors interested in gold should do their own research and consult with a financial advisor before making any investment decisions.
BTCUSD reached a turning point for LongLooking at Bitcoin we can both notice that Bitcoin has been falling rapidly in the past few weeks due to China and Tesla refusing to accept Bitcoin. Bitcoin fell from 60k to 29k which was a bad fall but an opportunity for new investors to capitalise on by buying Bitcoin as it has already reached a turning point and gaining back it's momentum and value. So for every trader it's a good news because Bitcoin will go Long. For more accurate details you can check my Analysis
Use the ECB meet to sell EURJPY ralliesTrade set up – Our preference is to sell rallies in EURJPY, placing a limit order at 128.30. With implied volatility spiking, predominantly in global equities, the JPY has strengthened, and we believe it will continue to do so, as traders flock to the guru of all safe haven currencies. Should the trade be filled, we would target 126.75, placing stops set at 128.75 (20-SMA dynamic resistance can be used too).
Why we like it - With the JPY strengthening against all major currency pairs and the VIX index spiking to the highest close since February, we see risk appetite falling, which should result in further downside in EURJPY. Global equities have continued their decline, and it seems support levels mean very little here, and this is having the clear knock-on effect in FX, increasing uncertainty and moving traders to JPY.
Tactically, there are risks of a small upside tick in the EUR with the ECB monetary policy statement coming later today, but we don't see Draghi changing his trajectory when it comes to QE and policy. With that in mind, any rallies are a selling opportunity as we ride the trend and leverage to elevated volatility.
Disclaimer.
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation