Tuesday, January 7, 2020

CryptoCurrency News: Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack

Bitcoin’s price has hit a new record for 2020, reaching as high as $8,438 before retracing slightly.

via CoinDesk

CryptoCurrency News: Sony’s Car Points to a Future of Machine-to-Machine Crypto Payments

Could Sony's sensor-laden car be the future of blockchain-based mobility?

via CoinDesk

CryptoCurrency News: Libra Association Exec: World Needs Us Because Bitcoin Is ‘Not a Means of Payment’

Libra Association Vice Chair Dante Disparte spoke at the Digital Money Forum at CES 2020, arguing for Libra's advantages over other bitcoin.

via CoinDesk

CryptoCurrency News: SEC Examination Office Gets Specific About Crypto Priorities in 2020

The SEC Office of Compliance Inspections and Examinations detailed its crypto priorities for 2020, highlighting employee supervision and transfer agents developing blockchain technology.

via CoinDesk

CryptoCurrency News: Hamstringing an Industry With Compliance Costs

The risk to the industry when crypto companies have to spend millions on compliance, plus new BTC mining in TX and the IMF on digital currencies.

via CoinDesk

CryptoCurrency News: Coinbase Pro App Now Available on Android With 50 Trading Pairs

Coinbase claims professional investors in 100 different countries can access 50 different trading pairs on its new Android mobile application.

via CoinDesk

CryptoCurrency News: MARKETS DAILY: Are Governments Feeling the FOMO?

With bitcoin setting a blistering pace for 2020, Markets Daily is back with all the news that matters, plus a look at several stories on the escalating, global interest in blockchain by governments.

via CoinDesk

CryptoCurrency News: Blockchain Vendor R3 Scores Its Second Patent in a Week

Enterprise software vendor R3 has won a patent for a blockchain-based record system designed to make corporate information-sharing more efficient.

via CoinDesk

CryptoCurrency News: SBI, GMO to Rent Capacity at Massive Bitcoin Mine in Texas: Report

Potentially the world's biggest bitcoin mine, one still under construction, is said to have signed up two top corporate customers in the form of SBI Holdings and GMO.

via CoinDesk

CryptoCurrency News: DAO Platform Aragon Begins Recruiting Jurors for Tokenized ‘Court’

The blockchain-based court system will allow humans to arbitrate on disputes brought forward by ecosystem members.

via CoinDesk

CryptoCurrency News: Digital Currencies Won’t Replace US Dollar Any Time Soon: IMF Chief Economist

Digital currencies do not yet meet the criteria to become a viable alternative to the greenback, according to the IMF's Gita Gopinath.

via CoinDesk

CryptoCurrency News: Law Enforcement Data Requests Rose By Almost 50% in 2019, Says Kraken

The exchange's CEO said the cost of responding to law enforcement requests for user data was over $1 million.

via CoinDesk

CryptoCurrency News: Bitcoin Probes Major Resistance After 15% Price Rally

Bitcoin's recent gains have led to a bullish chart breakout and brought a key long-term price resistance into play for the first time in over two months.

via CoinDesk

CryptoCurrency News: Store of Value Remains Crypto’s Best Use Case

Store of value was the most viable and desirable use case across crypto in 2019 and offers a basis to increase adoption in the second decade of crypto, says Ryan Zurrer of Dialectic.

via CoinDesk

CryptoCurrency News: Gemini’s Head of Risk on How Crypto Beats Traditional Finance

The arc of crypto bends toward regulation, so we might as well be prepared, says Gemini's risk chief and the president of the Virtual Commodities Association, Yusuf Hussain.

via CoinDesk

[FOREX TIP] EUR/AUD Daily Price Forecast – 7th Jan 2020

EUR/AUD has been bullish on the daily chart for the last two trading days. The price has found its support, where it had several bounces earlier. The H4 chart has been bullish as well. The price has been heading towards the North by making new higher highs. One of the H4 candles came out as a bearish inside bar, which the following candle engulfed. Thus, if the price makes an H1 breakout at yesterday’s highest high, it may head towards the North further.

This trade idea was generated by our powerful Elite Swing Trader System on a H4 time frame.

EUR/AUD Daily Price Forecast – 7th Jan 2020

EUR/AUD Daily Price Forecast – 7th Jan 2020

The chart shows that the price found its resistance at the level of 1.61545. It then consolidated and found its support at the level of 1.61285. The level produced a bullish engulfing candle as well. The price has been bullish within the current H4 candle but it is trading within the resistance. The buyers may wait for an H1 breakout at the level of 1.61545 to go long on the pair. Let us have a look at the summary of the trade…

  • Buy Stop: 1.61541
  • Stop Loss: 1.60.928
  • Take Profit: 1.62094

The nearest swing high is at 1.63000. The price may go towards that level. However, the level of 1.62000 is a Fibonacci level as well as a round number. The price may consolidate around the level and make a bearish reversal. If it continues its trend and makes a breakout at the level of 1.62000, it may head towards the level of 1.63000 with good bullish momentum.

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The post EUR/AUD Daily Price Forecast – 7th Jan 2020 appeared first on Advanced Forex Strategies.

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