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Saturday, December 29, 2018
CryptoCurrency News: 2018: A Record-Breaking Year for Crypto Exchange Hacks
The CEO of one of the largest crypto security companies recaps his takeaways from the year that was.
via CoinDesk
CryptoCurrency News: Where the Future of Crypto Payments Is Being Built
Leah Callon-Butler is the co-founder of Intimate.io, a token project aiming to bring payments, privacy and reputation to the adult industry. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. “The stars have aligned,” he said, the room hanging on his every word. “In the same way that the industrial revolution created the […]
via CoinDesk
[FOREX TIP] USDCHF Weekly Forex Forecast – 31st Dec 2018 to 4th Jan 2019
Fundamentals Outlook
The economic data for the week ahead will see the markets looking to a new trading week of the year. Data from the U.S. is particularly busy. The week starts off with the Institute of Supply Management’s manufacturing and non-manufacturing PMI reports coming out. Economists forecast that manufacturing activity will decline following various regional indicators showing a decrease in manufacturing activity. Later in the week, the U.S. jobs report is due starting with ADP/Moody’s private payrolls report. This is later followed by the official non-farm payrolls report for the month of December.
From the Eurozone, economic data pertains to the manufacturing and services PMI reports. The reports cover the month of December and investors will be keen to see how the economy fared during the last month of the year. Data from Japan and Switzerland are relatively quiet for the most part this week. However, year end flows could bring some volatility to the markets.
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Chart set up: The USDCHF currency pair was seen breaking out to the downside below 0.9870 level of support last week. The declines came following nearly two weeks of trading within the range of 1.0001 and 0.9870 region. Still, the breakout from this level saw the USDCHF posting a strong reversal by Friday’s close.
Key support/resistance levels:
Support: 0.9741; Resistance: 0.9870
Commentary:
The reversal pattern seen on Friday could potentially indicate that the USDCHF currency pair will be testing the breached support level of 0.9870 where resistance could now be established. If the level holds the USDCHF from posting any further gains, we could expect the currency pair to post declines in the coming week. The lower support is seen at 0.9741 which will need to be tested to the downside. For the week ahead, we expect the USDCHF currency pair to be slightly bearish.
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The post USDCHF Weekly Forex Forecast – 31st Dec 2018 to 4th Jan 2019 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] USDJPY Weekly Forex Forecast – 31st Dec 2018 to 4th Jan 2019
Fundamentals Outlook
The economic data for the week ahead will see the markets looking to a new trading week of the year. Data from the U.S. is particularly busy. The week starts off with the Institute of Supply Management’s manufacturing and non-manufacturing PMI reports coming out. Economists forecast that manufacturing activity will decline following various regional indicators showing a decrease in manufacturing activity. Later in the week, the U.S. jobs report is due starting with ADP/Moody’s private payrolls report. This is later followed by the official non-farm payrolls report for the month of December.
From the Eurozone, economic data pertains to the manufacturing and services PMI reports. The reports cover the month of December and investors will be keen to see how the economy fared during the last month of the year. Data from Japan and Switzerland are relatively quiet for the most part this week. However, year end flows could bring some volatility to the markets.
Are you still finding it difficult to profit from the market?
We can help! Click Here to learn more…
Chart set up: The USDJPY currency pair continued to extend declines last week as price action settled near the lower support area of 110.50. A brief consolidation around this area saw the currency pair establishing the support level rather firmly. Despite the decline below the 110.50 level, we expect that price action could be biased to the upside.
Key support/resistance levels:
Support: 110.50; Resistance: 111.78
Commentary:
The 4-hour Stochastic oscillator has posted a bullish divergence near the lows. This could potentially indicate an upside momentum in price action as a result. The previously breached support at 111.78 remains a key level of interest. If the upside rally will fail to breakout above this level, then the USDJPY currency pair could be seen holding a flat range within the said levels. Above 111.78, the currency pair will face resistance at the 112.74 level. However, for the near term, we expect the USDJPY to maintain the range within 111.78 resistance and 110.50 support. The USDJPY could be seen trading to the upside in the very short term but holding a flat range in the medium term.
This is the simple way to scan for the best price action setup everyday. Click Here…
The post USDJPY Weekly Forex Forecast – 31st Dec 2018 to 4th Jan 2019 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] EURUSD Weekly Forex Forecast – 31st Dec 2018 to 4th Jan 2019
Fundamentals Outlook
The economic data for the week ahead will see the markets looking to a new trading week of the year. Data from the U.S. is particularly busy. The week starts off with the Institute of Supply Management’s manufacturing and non-manufacturing PMI reports coming out. Economists forecast that manufacturing activity will decline following various regional indicators showing a decrease in manufacturing activity. Later in the week, the U.S. jobs report is due starting with ADP/Moody’s private payrolls report. This is later followed by the official non-farm payrolls report for the month of December.
From the Eurozone, economic data pertains to the manufacturing and services PMI reports. The reports cover the month of December and investors will be keen to see how the economy fared during the last month of the year. Data from Japan and Switzerland are relatively quiet for the most part this week. However, year end flows could bring some volatility to the markets.
Are you still finding it difficult to profit from the market?
We can help! Click Here to learn more…
Chart set up: The EURUSD currency pair remained fairly flat last week. Price action settled back at the resistance area of 1.1463 – 1.14490 level by Friday’s close. The common currency rallied following a brief decline before reversing the losses mid-way. Overall, the currency pair was seen maintaining its sideways range.
Key support/resistance levels:
Support: 1.1351; Resistance: 1.1449 – 1.1463
Commentary:
The week ahead will see the EURUSD currency pair likely to continue its sideways range with the lower support at 1.1351 level. The minor trend line that is plotted remains key. A breakout from this trend line and the horizontal support level could potentially keep the EURUSD biased to the downside. A break below 1.1351 could see the EURUSD extending the declines to test the lower support at 1.1241 which hasn’t been tested that firmly. To the upside, a breakout above the resistance level needs to be backed by strong fundamentals. For the week ahead, the EURUSD currency pair is expected to remain flat.
This is the simple way to scan for the best price action setup everyday. Click Here…
The post EURUSD Weekly Forex Forecast – 31st Dec 2018 to 4th Jan 2019 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
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