Wednesday, February 7, 2018

CryptoCurrency News: Crypto Should Try Self-Regulation, CFTC Commissioner Says

Commissioner Brian Quintenz called on the industry to form a self-regulatory body and startup execs said oversight is a fact of life at a Yahoo event.

via CoinDesk

CryptoCurrency News: New York Mandates Stronger Fraud Controls for Crypto Companies

The New York State Department of Financial Services announced new guidance for virtual currency entities today.

via CoinDesk

CryptoCurrency News: SEC Office to Step Up Crypto Disclosure Policing

The SEC's Office of Compliance Inspections and Examinations plans to prioritize the examination of cryptocurrencies and ICOs in 2018.

via CoinDesk

CryptoCurrency News: Crypto Pros Warn Yahoo Event: Invest at Your Own Risk

Panelists at Yahoo Finance's crypto event on Wednesday had a message for would-be investors: do your research.

via CoinDesk

CryptoCurrency News: Report: Venezuela's Maduro Wants OPEC to Launch a Cryptocurrency

Venezuelan President Nicolas Maduro has proposed "joint cryptocurrency mechanism" for use by OPEC members and non-member oil producing states.

via CoinDesk

CryptoCurrency News: Decentralized Marketplace OpenBazaar Now Accepts Bitcoin Cash

Decentralized marketplace OpenBazaar announced today that it has added support for bitcoin cash.

via CoinDesk

CryptoCurrency News: Grayscale Launches Fund for Top Crypto Assets (ETH Included)

A new cryptocurrency investment vehicle is now on the market with the launch of a new product from DCG-subsidiary Grayscale.

via CoinDesk

CryptoCurrency News: Blockchain Project Raises $61 Million from A16Z, Polychain Capital

Swiss blockchain project DFINITY Stiftung has raised $61 million from venture capital firm Andreessen Horowitz and token hedge fund Polychain Capital.

via CoinDesk

CryptoCurrency News: CoinDesk Releases 2018 Bitcoin and Blockchain Industry Report

Credit card-driven crypto buying is rare, and ICOs pale compared to airdrops and chain forks. Find these and other insights in our quarterly report.

via CoinDesk

CryptoCurrency News: Ripple Blockchain Network Adds China Payments Provider

China-based payment service LianLian has said it will use Ripple's xCurrent blockchain solution for cross-border transactions.

via CoinDesk

CryptoCurrency News: Token Trader Templum Just Bought a Broker-Dealer

Blockchain startup Templum has acquired Liquid Markets Group's broker-dealer and alternative trading system Liquid M Capital LLC.

via CoinDesk

CryptoCurrency News: Floor Found? Strong Volumes Push Bitcoin Above $8K

Following positive regulatory news from the U.S., bitcoin seems to have made a break from last week's price woes.

via CoinDesk

CryptoCurrency News: ECB President: EU Banks Show 'Limited Appetite' for Cryptocurrencies

Mario Draghi, president of the European Central Bank, has said credit institutions in Europe are not as keen on cryptocurrencies as the public.

via CoinDesk

CryptoCurrency News: Singapore Deputy PM: 'No Strong Case to Ban Cryptocurrency Trading'

Responding to lawmakers' questions, Singapore's deputy prime minister has said there's "no strong case" to ban cryptocurrency trading in the country.

via CoinDesk

CryptoCurrency News: Bitcoin Up Over 20% as Crypto Markets Regain Poise

Cryptocurrencies are trading in the green today after a tumultuous week, with bitcoin having leapt 20 percent in 24 hours.

via CoinDesk

CryptoCurrency News: Ethereum Users Are Losing Money and Devs Don't Quite Know What to Do

Ethereum's developers are once again grappling with the issue of how to solve major fund losses on the world's second-largest blockchain.

via CoinDesk

CryptoCurrency News: IBM-Maersk Blockchain Project Adds Logistics Provider Agility

Agility will share and receive information about shipments through the blockchain in hopes of reducing the cost of administration and documentation.

via CoinDesk

[FOREX TIP] EURAUD Price Action Analysis – 7th Feb 2018

EURAUD has been having a correction on the H4 chart after being very Bullish. It seems that the pair is getting ready to make another journey towards the North. Today’s price action has been Bullish so far since today’s all the H4 candle have been Bullish. If the pair makes an H4 breakout at yesterday’s higher high, then it might offer a long entry later today. Let us have a look at the H4 EURAUD chart.

EURAUD Price Action Analysis – 7th Feb 2018

The level of 1.54490 has been the Support here. We are going to wait for the breakout at the level of 1.58000. This has to be an H4 breakout though. If that does happen, then we are going to wait for a little H1 consolidation and then an H1 Bullish Engulfing Candle to take the long entry. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.58000
  • Stop Loss: 1.54490
  • Take Profit: 1.59600
  • 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

EURNZD is a pair, which is very similar to EURAUD. EURNZD has been trending as well. However, I have chosen EURAUD since the strength of the trend looks a bit better. EURNZD has to break two Resistance, but EURAUD has to break just one Resistance. I will keep my eyes on both the pairs, but I will be keen to take my entry on EURAUD. We need to count this equation as well. We have to be able to find out a pair with a stronger trend to take an entry.


The post EURAUD Price Action Analysis – 7th Feb 2018 appeared first on Advanced Forex Strategies.

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