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Friday, December 14, 2018

CryptoCurrency News: When There’s Blood in the Street (Why It’s Not Quite Time to Be Long Crypto)



Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM). ——————- Two members of the Rothschild family are credited, perhaps incorrectly, with the (in)famous quote regarding investing: “When there is blood in the street” (James in the mid-19th century and Nathan, after the battle of Waterloo). The family has been […]

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[FOREX TIP] USDCAD Weekly Forex Forecast – 17th to 21st Dec 2018

USDCAD Weekly Forex Forecast - 17th to 21st Dec 2018

USDCAD Weekly Forex Forecast – 17th to 21st Dec 2018

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The USDCAD has filled in some of the previous week price range but no decisive break has been made. As the holiday trading conditions settle in, we should expect current trading ranges to persist as trading activity and volume often goes down during this time of the year. On the downside, the first level of support is the 1.3250 level, which also align with the key 200 moving average. A break and a daily close below 1.3250 will open the door for a possible retest of the support level 1.3080.

The stochastic indicator is in neutral territory and doesn’t show any signs of extreme reading in the market. On the upside, the first level of resistance is the 1.3445 level were the bears can show up again. The CPI inflation figure is the only notable risk events scheduled on the Canadian economic calendar. Other, notable risk events is the Retail Sales followed by the monthly GDP data scheduled on Friday which should give further clarity to the price action. However, from the other side of the monetary policy spectrum we have the Fed interest rate decision which is expected to raise interest rate to 2.50% versus 2.25%

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The post USDCAD Weekly Forex Forecast – 17th to 21st Dec 2018 appeared first on Advanced Forex Strategies.



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[FOREX TIP] AUDUSD Weekly Forex Forecast – 17th to 21st Dec 2018

AUDUSD Weekly Forex Forecast - 17th to 21st Dec 2018

AUDUSD Weekly Forex Forecast – 17th to 21st Dec 2018

The Best MT4 Expert Advisor You Can Use!

The AUDUSD only managed to recover some of the previous week losses. Currently, Aussie is trading inside a very narrow trading range between intraday support level 0.7179 and resistance level 0.7242. Only a daily break and close above 0.7242 can resurrect the bullish trend and a possible retest of the resistance level 0.7346. The stochastic indicator isn’t showing any extreme overbought or oversold reading, which can indicate that the current range might continue.

On the downside, a daily break and close below 0.7179 levels can open up the door for a deeper retracement and a possible retest of the support level 0.7098. The only major risk events scheduled on the Australian economic calendar is the RBA Meeting’s Minutes scheduled to be release on Tuesday. But the major risk event is the Unemployment rate, which is going to be released on Thursday.

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The post AUDUSD Weekly Forex Forecast – 17th to 21st Dec 2018 appeared first on Advanced Forex Strategies.



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[FOREX TIP] GBPUSD Weekly Forex Forecast – 17th to 21st Dec 2018

GBPUSD Weekly Forex Forecast - 17th to 21st Dec 2018

GBPUSD Weekly Forex Forecast – 17th to 21st Dec 2018

The Best MT4 Expert Advisor You Can Use!

The GBPUSD bearish trend has extended to the downside, but the bulls showed up again and defended the big psychological number 1.2500. As long as we trade above the big round number 1.2500 we should expect the current retracement to extend. On the upside the next important level of resistance is at 1.2700 followed by 1.2924 were the bears should show up. The stochastic indicator is in overbought territory, so we can expect first a reaction lower until the stochastic indicator resets itself. On the downside, we can note the first level of support at the intraday pivot 1.2550.

However, in order for the bearish trend to gain more traction we need a daily break and close below the big round number 1.2500. The UK economic calendar is packed with high risk events that can disrupt the volatility and can be the catalyst for some trend development. On Wednesday, we have the CPI inflation figures but the main risk event is the BOE interest rate decision scheduled to be released on Thursday. According to the market consensus the BOE should keep interest rates unchanged at 0.75%.

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Previous GBPUSD Weekly Forex Forecast

The post GBPUSD Weekly Forex Forecast – 17th to 21st Dec 2018 appeared first on Advanced Forex Strategies.



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CryptoCurrency News: Coinbase Revamps PayPal Withdrawals for US Crypto Users



Coinbase customers in the U.S. can now make withdrawals into their PayPal accounts.

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CryptoCurrency News: This Binance-Backed Crypto Startup Wants to Anonymize Everything



Built atop a near-forgotten anonymity system named mix networks, Nym Technologies is entering the proof-of-concept phase following a 10-week incubation program with Binance Labs.

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CryptoCurrency News: Ethereum Chat Startup Status Lays Off 25% of Staff



Citing the crypto bear market, Status.IM has laid off 25 staffers and asked remaining employees to take a pay cut.

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CryptoCurrency News: EU Parliament Calls for Action on Blockchain Adoption in Trade



The European Parliament has called for measures that would prepare the region to use blockchain to benefit trade.

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CryptoCurrency News: EU Parliament Calls for Action on Blockchain Adoption in Trade



The European Parliament has called for measures that would prepare the region to use blockchain to benefit trade.

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CryptoCurrency News: Crypto-Friendly Money App Revolut Wins EU Banking License



Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.

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CryptoCurrency News: Sephora Shoppers Are Getting Their First Bitcoin Using Crypto Startup Lolli



Sephora has joined the list of retailers at which shoppers can earn bitcoin rewards via the Lolli app.

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CryptoCurrency News: Blockchain Developer Role Tops LinkedIn’s 2018 Emerging Jobs List



The role of blockchain developer has leaped straight to the top of LinkedIn's list of emerging jobs for 2018.

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CryptoCurrency News: Bitcoin Price Defies Oversold Conditions to Hit 15-Month Low



Bitcoin tumbled to 15-month lows earlier today, defying hints of a rally signalled by current extreme oversold conditions.

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CryptoCurrency News: Crypto Exchange SeedCX Is Barring Employees from Crypto Trading



Seed CX has one of the crypto industry’s strictest policies on employee trading. In a word: Don’t.

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CryptoCurrency News: US Government Issues Advice Over Bitcoin Bomb Threat Emails



The U.S. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take.

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