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Friday, November 30, 2018

[FOREX TIP] AUDUSD Weekly Forex Forecast – 3rd to 7th Dec 2018

AUDUSD Weekly Forex Forecast - 3rd to 7th Dec 2018

AUDUSD Weekly Forex Forecast – 3rd to 7th Dec 2018

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The AUDUSD bullish trend continues to remain intact but the bulls need to overtake the key resistance level 0.7346 in order to see the bullish momentum accelerate to the upside. A daily break and close above 0.7346 will open up the door for a retest of the resistance level 0.7443. On the downside, the first level of support comes at the 0.7200 level which also aligns itself with the 200 moving average. Only a daily break and close below 0.7200 can signal a shift in the trend direction.

We also have some high risk events scheduled on the Australian economic calendar. RBA interest rate decision is scheduled to be released on Tuesday. The market consensus is for the RBA to keep rates unchanged at 1.5%. Wednesday, the GDP figures for the third quarter are scheduled to be released and Thursday the Trade Balance figures are another risk event that can disrupt the market volatility.

Never miss out another good trading setup when you have this Powerful Price Action Scanner

Previous AUDUSD Weekly Forex Forecast

 

The post AUDUSD Weekly Forex Forecast – 3rd to 7th Dec 2018 appeared first on Advanced Forex Strategies.



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[FOREX TIP] USDCAD Weekly Forex Forecast – 3rd to 7th Dec 2018

USDCAD Weekly Forex Forecast - 3rd to 7th Dec 2018

USDCAD Weekly Forex Forecast – 3rd to 7th Dec 2018

Do you finally want to become consistently Profitable? Click here to learn how!

The USDCAD continues to consolidate the previous gains and as long as we trade above the key 200 moving average we should expect the bullish case to remain intact. On the downside, the first level of support only comes at the key level 1.3220. For the bears to regain control they would need a daily close below 1.3220, which will open the door for a retest of the support level 1.3070. A change in the trend direction can only happen if we get a daily break and close below the big psychological number 1.3000. The stochastic indicator is in neutral territory and we don’t have any signs of extreme oversold or overbought readings.

On the upside, the first level of interest is the previous week high established at 1.3360, which is also close to our key resistance level 1.3380 from where the bears can try one more time to drive USDCAD lower. On the Canadian economic calendar there are heavy risk events that can disrupt the market volatility. On Wednesday, the BOC interest rate decision has the potential to give more clarity to the price action. Thursday, we have the OPEC meeting and Friday will bring the Unemployment rate which can further disrupt the market volatility.

Never miss out another good trading setup when you have this Powerful Price Action Scanner

Previous USDCAD Weekly Forex Forecast

The post USDCAD Weekly Forex Forecast – 3rd to 7th Dec 2018 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] GBPUSD Weekly Forex Forecast – 3rd to 7th Dec 2018

GBPUSD Weekly Forex Forecast - 3rd to 7th Dec 2018

GBPUSD Weekly Forex Forecast – 3rd to 7th Dec 2018

Do you finally want to become consistently Profitable? Click here to learn how!

The GBPUSD bears continue to remain in control as we continued to make lower lows followed by lower highs. The major swing low established at the 1.2664 level is the next big hurdle that the bears need to overcome. But, since the stochastic indicator is already in oversold territory we can expect a pause before the 1.2664 level to be challenged again. On the upside, the first resistance level we should keep an eye on is the 1.2800 level.

However, for a material change in the trend direction to happen we need a daily break and close above the key resistance level 1.2936, which will open the door for the big psychological number 1.3000 to be challenged again. The UK economic calendar will bring some risk events that can disrupt the market volatility. Monday we have the MARKIT Manufacturing PMI data followed by BOE’s Governor Carney speech on Tuesday. On Friday, we have the NFP report and according to the general consensus the US economy should add 205k new jobs versus 250k previous reading.

Never miss out another good trading setup:  Powerful Price Action Scanner

Previous GBPUSD Weekly Forex Forecast

The post GBPUSD Weekly Forex Forecast – 3rd to 7th Dec 2018 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: Bitcoin Price Ends November With Worst Monthly Decline in 7 Years



The price of bitcoin is on its way to recording its worst monthly performance since August of 2011.

via CoinDesk

CryptoCurrency News: Bitcoin ETF Seekers Cite Precedent in SEC Presentation on Monday



VanEck, SolidX and Cboe met with SEC staff on Monday to demonstrate how the bitcoin market is ready for an ETF.

via CoinDesk

CryptoCurrency News: New Crypto Mining Malware Seen to ‘Evolve,’ Say Researchers



Researchers at cybersecurity firm Check Point say a relatively new form of crypto mining malware, dubbed KingMiner, is “evolving.”

via CoinDesk

CryptoCurrency News: Vitalik Buterin Awarded Honorary Doctorate from University of Basel



The creator of ethereum, Vitalik Buterin, has just been awarded an honorary doctorate for his work on blockchain technology.

via CoinDesk

CryptoCurrency News: Mining Giant Bitmain Launches Crypto Index for Investors



Bitmain has launched a new index tracking the performance of major cryptocurrencies as a benchmark for investors.

via CoinDesk

CryptoCurrency News: Capitulation? Bitcoin’s Price Dropped 36% in November



Bitcoin tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated.

via CoinDesk

CryptoCurrency News: Asus Allows Gamers to Mine Crypto With Their Idle Graphics Cards



Taiwan-based tech giant Asus is now letting gamers use their graphics cards to earn a share of profits from cryptocurrency mining.

via CoinDesk

CryptoCurrency News: Intel Wins Patent for Energy-Efficient Bitcoin Mining



An Intel patent awarded Tuesday outlines a method for mining cryptos using the SHA-256 algorithm more efficiently.

via CoinDesk

Thursday, November 29, 2018

CryptoCurrency News: Developers Rally Around Ethereum 1x, A New Roadmap for Faster Scaling



Ethereum developers are aggregating efforts to implement ethereum 1x – a new proposed upgrade intended to act as the intermediary bridge to ethereum 2.0.

via CoinDesk

CryptoCurrency News: SEC Fines Floyd Mayweather, DJ Khaled for ICO Promotions



Floyd Mayweather and DJ Khaled settled charges with the SEC, which said they promoted ICOs without disclosing payments from token issuers.

via CoinDesk

CryptoCurrency News: US Judge Denies SEC Push for Injunction Against Crypto Startup



A US District Judge ruled that the SEC has not yet provided sufficient evidence that Blockvest broke securities laws.

via CoinDesk

CryptoCurrency News: Sirin Labs’ $999 Blockchain Phone Will Start Shipping in December



The Finney phone should begin shipping next month. It aims to stand out from the rest with a built-in cold storage wallet.

via CoinDesk

CryptoCurrency News: Coinbase Adds Privacy Coin Zcash To Pro Trading Exchange



Coinbase Pro is adding support for the privacy coin zcash.

via CoinDesk

CryptoCurrency News: Iranian Bitcoin Users Are Already Being Affected By New US Sanctions



New sanctions from the US government are driving Iranian bitcoin users to pursue more secure and private wallet solutions.

via CoinDesk

CryptoCurrency News: Bitcoin Mining Giant Holds Flash Sale to Celebrate Price ‘Bottom’



Bitcoin miner maker Canaan Creative has revealed it is temporarily cutting prices to "celebrate" bitcoin's recent price rise.

via CoinDesk

CryptoCurrency News: Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether



Fidelity Investments is looking to expand its institutional crypto asset platform to include trading services for the top five to seven cryptocurrencies by market cap.

via CoinDesk

CryptoCurrency News: ConsenSys Leads $2.1 Million Funding Round for Ethereum Privacy Startup



ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup working to make ethereum transactions private.

via CoinDesk

CryptoCurrency News: Coinbase, DCG Lead $4.5 Million Seed Round for Crypto Evaluation Startup



Coinbase Ventures, DCG and others have provided $4.5 million in funding for an analytics startup that wants investors to think beyond market cap.

via CoinDesk

CryptoCurrency News: Blockchain Oil Trading Platform Backed by Shell and BP Is Now Live



A blockchain platform built by a group of major firms to bring new efficiencies to energy commodities trading has gone live.

via CoinDesk

CryptoCurrency News: Bull Reversal? Bitcoin Sees Biggest Single-Day Price Gain Since April



Bitcoin is teasing a short-term bullish reversal, having just recorded its biggest single-day gain in seven months.

via CoinDesk

CryptoCurrency News: Mike Novogratz’s Crypto Bank Reports $76 Million Q3 Loss



Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported a net loss of $76.65 million for Q3 2018.

via CoinDesk

CryptoCurrency News: FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud



The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.

via CoinDesk

[FOREX TIP] EURGBP Price Action Analysis – 29th Nov 2018

The Shortcut to Profitable Trading…
Click Here to learn more now…

EURGBP has been down trending on the H4 chart by obeying a Trendline. The price is approaching the level of resistance, so it may be the time for the H4 chart trader to keep an eye on the pair to get an H4 Bearish Engulfing Candle to go short on the pair. Let us have a look at the H4 EURGBP chart.

EURGBP Price Action Analysis – 29th Nov 2018

EURGBP Price Action Analysis – 29th Nov 2018

As the chart suggests that the price has been down trending by obeying a Trendline. Moreover, the price is approaching the level of 0.88780 which is a very significant level of horizontal resistance. The price had reacted to that level heavily earlier. If the price goes back to the level and the level produces an H4 Bearish Engulfing Candle, then selling the pair would get us some green pips. Summary of the trade…

  • Sell Limit Order: 0.88780
  • Stop loss:  0.89500
  • Take profit: 0.87900
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

The level we are aiming at producing the H4 Bearish Engulfing Candle that would be a Dynamic Resistance Level. It is called Dynamic Resistance Level because a horizontal resistance line and trendline resistance line both meet at that point. Dynamic Resistance Point or Dynamic Support Point both have a huge impact in the Forex market. If they end up producing an Engulfing candle to the direction of the trend, very rarely an entry would go wrong. This means two equations we have to remember here

  1. Dynamic Support/Resistance Point
  2. Bullish/Bearish Engulfing Candle

We just this powerful Price Action Scanner to find us the best trades everyday.

 

The post EURGBP Price Action Analysis – 29th Nov 2018 appeared first on Advanced Forex Strategies.



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Wednesday, November 28, 2018

CryptoCurrency News: Botnets Are Being Repurposed for Crypto Mining Malware: Kaspersky



A security bulletin released by Kaspersky Labs states that botnets are increasingly being used to distribute illicit crypto mining software.

via CoinDesk

CryptoCurrency News: The 6 Big Takeaways From SEC Chair Clayton’s Crypto Remarks



Following SEC Chairman Jay Clayton's fireside chat at Consensus: Invest, we invited three crypto law experts to unpack what was said.

via CoinDesk

CryptoCurrency News: WATCH: SEC Chairman Jay Clayton’s Full Consensus: Invest Interview



Clayton spoke Tuesday at the CoinDesk-organized event. Here's the full video of his fireside chat.

via CoinDesk

CryptoCurrency News: Amazon Has Launched a New Service for Building Blockchains



Amazon will help clients build blockchain platforms on Hyperledger Fabric or ethereum with its new product.

via CoinDesk

CryptoCurrency News: Google Searches for ‘Bitcoin’ Just Hit Their Highest Level Since April



The number of Google searches for bitcoin has seen a notable uptick this week, now recording its most searches worldwide since last April.

via CoinDesk

CryptoCurrency News: Steemit Lays Off 70% of Its Staff, Citing Crypto Bear Market



"We've been forced to lay off more than 70% of our organization and begin a restructuring," says Steemit founder Ned Scott.

via CoinDesk

CryptoCurrency News: US Regulators Tie Two Bitcoin Addresses to Iranian Ransomware Plot



For the first time, the U.S. Treasury Department is adding crypto addresses to its list of Specially Designated Nationals.

via CoinDesk

CryptoCurrency News: South Korea Eyes More Reliable E-Voting With December Blockchain Trial



South Korea's National Election Commission says it is building a blockchain-based voting platform to be trialed in December.

via CoinDesk

CryptoCurrency News: Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month



U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk this month, Cheddar reports.

via CoinDesk

CryptoCurrency News: Back Over $4K: Bitcoin’s Price Bounce is Gathering Pace



While the bitcoin market is still predominantly bearish, seller exhaustion near $3,500 may be paving the way to stronger corrective bounce.

via CoinDesk

CryptoCurrency News: Blockchain Smart Contracts Subject to Financial Laws, Says CFTC Primer



The Commodity Futures Trading Commission says smart contracts are covered under financial rules in its new primer on the technology.

via CoinDesk

CryptoCurrency News: Canadian Jewelry Retailer Birks Now Accepts Bitcoin Payments



Birks Group, one of the oldest luxury jewelry retailers in Canada, is now accepting bitcoin payments at eight of its stores.

via CoinDesk

Tuesday, November 27, 2018

CryptoCurrency News: Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain



CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.

via CoinDesk

CryptoCurrency News: Nasdaq, VanEck Partner to Launch ‘Crypto 2.0’ Futures Contracts



The second largest stock exchange in the world - NASDAQ - is partnering with investment management firm VanEck to bring to market a new generation of cryptocurrency futures products.

via CoinDesk

[FOREX TIP] GBPCAD Price Action Analysis – 28th Nov 2018

The Shortcut to Profitable Trading…
Click Here to learn more now…

GBPCAD has been within a range on the H4 chart. The H4 chart shows that the price produced two double tops and two double bottoms so far within that range. The price again near to the support level and it seems that it might end up producing a double bottom by making a breakout at the neckline. Let us have a look at the H4 GBPCAD chart.

GBPCAD Price Action Analysis – 28th Nov 2018

GBPCAD Price Action Analysis – 28th Nov 2018

The level of 1.69110 is the level of support and 1.69880 is the level of resistance that hold the whole equation here. If the level of support produces an H4 bullish engulfing candle and makes a breakout at the level of 1.69880, then the price would head towards the level of 1.71120 without having that many pauses. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.69880
  • Stop Loss: 1.69110
  • Take Profit:  1.71120
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

There is an interesting point that we have to notice. The breakout could take place at the support level as well. If that happens, then the price has to go towards the support level; produces an H4 bearish engulfing candle and makes a breakout at the level of 1.69110. The equation would work entirely in a different way then. This is the beauty of the Forex market. Things get change within a blink of an eye. At the moment, considering the chart and the price action, our job is to eye for an H4 bullish engulfing candle and a breakout at the resistance level to take a long entry.

We just this powerful Price Action Scanner to find us the best trades everyday.

 

The post GBPCAD Price Action Analysis – 28th Nov 2018 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: SEC Chair Clayton: Crypto ETF Needs Exchanges ‘Free From Manipulation’



Token issuers looking to fund their businesses with the proceeds should "start with the assumption that it's a securities offering," according to the SEC's Jay Clayton.

via CoinDesk

CryptoCurrency News: El-Erian: Crypto Will Become ‘More Widespread’ But Not ‘Dominant’



Mohamed El-Erian, the chief economic advisor for Allianz, said Tuesday that he believes cryptocurrencies will become more “widespread” but as part of a broader ecosystem.

via CoinDesk

CryptoCurrency News: Tether Says Customers Can Once Again Deposit and Redeem Fiat



Tether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering a U.S. dollar/tether trading pair.

via CoinDesk

CryptoCurrency News: ICE Founder: ‘We’re Kind of Agnostic’ on Bitcoin’s Price



ICE founder and chairman Jeffrey Sprecher and Bakkt CEO Kelly Loeffler took to the stage during CoinDesk's Consensus: Invest event on Tuesday.

via CoinDesk

CryptoCurrency News: Bloomberg: Nasdaq Still Planning Bitcoin Futures Launch in 2019



Stock exchange operator Nasdaq is sticking with plans to launch bitcoin futures contracts early next year, say Bloomberg sources.

via CoinDesk

CryptoCurrency News: Harbor Launches Tokenized Equity Purchases With Real Estate Offering



Security token startup Harbor is offering its first private placement, allowing investors to buy into a high-rise property.

via CoinDesk

CryptoCurrency News: Messari Opens Disclosure Registry for Crypto Projects



Messari is launching a disclosure registry for crypto projects to better inform investors.

via CoinDesk

CryptoCurrency News: Crypto Exchange Bitstamp Rolls Out Tech to Spot Market Manipulation



Crypto exchange Bitstamp is upgrading its tech arsenal to better identify suspicious activity and market manipulation.

via CoinDesk

CryptoCurrency News: Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct



Ten crypto and financial startups are forming a new association to create standards of conduct for the blockchain space.

via CoinDesk

CryptoCurrency News: Bitcoin Will Close Below Key Price Support in First Since 2015



Bitcoin looks set to end the month below a key long-term support level for the first time in three years.

via CoinDesk

CryptoCurrency News: Fake Developer Sneaks Malicious Code into BitPay’s Copay Wallet



The Copay wallet from crypto payments processor BitPay has been compromised by a hacker, the firm warns. An updated version has been released.

via CoinDesk

CryptoCurrency News: Abu Dhabi Bank Settles $500 Million Bond on a Blockchain



Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million.

via CoinDesk

Monday, November 26, 2018

[FOREX TIP] EURAUD Price Action Analysis – 27th Nov 2018

EURAUD has been obeying a down trending channel. The H4 chart clearly suggests that the price had a bounce on the support yesterday. That was too an H4 bullish engulfing candle. This justifies the channel’s support. The price has been heading towards the resistance since. In fact, the price is adjacent to the resistance. If we get an H bearish engulfing candle from the resistance of the channel, then selling the pair would get us some green pips. Let us have a look at the H4 EURAUD chart.

The Shortcut to Profitable Trading…
Click Here to learn more now…

EURAUD Price Action Analysis – 27th Nov 2018

EURAUD Price Action Analysis – 27th Nov 2018

The chart suggests that the price has been trapped within the down trending channel. Support and resistance both have been confirmed twice. The price is approaching to the resistance again. If the price ends up producing an H4 bearish engulfing candle at the resistance level, then the price would head towards the support of the channel by offering us a short entry. Let us have a look at the summary of the trade…

  • Entry: upon an H4 bearish engulfing candle at the channel’s resistance (probable area 1.57400)
  • Stop loss: Above signal candle’s higher high (probable area 1.57400)
  • Take profit: 1.56200
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

Channel trading is one of the most frequently used trading ways by price action traders. The main thing to be able to draw a channel is at least 3 points to be connected. Those are two supports, one resistance or two resistances, one support points to be found out to draw a channel. We must make sure that we sell on a down trending and buy on an up trending channel.

We just this powerful Price Action Scanner to find us the best trades everyday.

 

The post EURAUD Price Action Analysis – 27th Nov 2018 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: Employees Say Blockchain Startup Civil Hyped Crypto Returns, But Failed to Pay



Civil was supposed to create a more transparent and democratic model for journalism, but so far, journalists working on its platform have yet to receive all of the compensation they say they were promised when hired.

via CoinDesk

CryptoCurrency News: XRP Nears Longest Stretch as World’s Second-Largest Cryptocurrency



XRP has remained the world's second largest cryptocurrency by market capitalization for the past 11-days, which is its longest stretch at #2 since 2016.

via CoinDesk

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