Monday, March 19, 2018

CryptoCurrency News: 14 Thai Banks Back Blockchain Platform to Digitize Contracts

Fourteen Thai banks will cooperate in the Thailand Blockchain Community Initiative, which will digitize letters of guarantee on a shared blockchain.

via CoinDesk

CryptoCurrency News: Israeli Regulator: Utility Tokens Shouldn't Be Deemed Securities

The Israel Securities Authority also proposed an ICO sandbox in a recent report now in the hands of the agency's chair, who will decide how to proceed

via CoinDesk

CryptoCurrency News: France's Central Bank: Keep Financial Institutions Out of Crypto

A report from the Bank of France advocates strict regulations for crypto-assets, including a ban on activity by banks, insurers and trust companies.

via CoinDesk

CryptoCurrency News: UK Government Announces New Cryptocurrency Research Effort

The U.K. government will launch new research aimed to explore the potential risks posed by cryptocurrencies, a minister has said.

via CoinDesk

CryptoCurrency News: Trump Orders New Sanctions Against Venezuela's National Cryptocurrency

A report Monday indicated that US President Trump might sanction Venezuela and its petro token.

via CoinDesk

CryptoCurrency News: Stellar Goes In On Lightning with 2018 Launch Target

Stellar isn't so far behind bitcoin in absorbing a faster and cheaper layer touted as the future of cryptocurrency payments.

via CoinDesk

CryptoCurrency News: US Trade Regulator Launches Blockchain Working Group

The Federal Trade Commission has formed a working group to examine the ways in which blockchain and cryptocurrencies will affect its missions.

via CoinDesk

CryptoCurrency News: Second Securities Regulator Halts 'Black Cell' Token Sale

An initial coin offering has been blocked by the Securities and Futures Commission in Hong Kong soon after a similar action in the Philippines.

via CoinDesk

CryptoCurrency News: Northern Trust and PwC Move to Accelerate Audits with Blockchain

Rather than waiting for periodic reports, auditors of private equity funds on Northern Trust's blockchain will get the data almost immediately.

via CoinDesk

CryptoCurrency News: Ether Up from 100-Day Low, But Bounce Back Lacks Substance

Ether's technical recovery from the 100-day low hit yesterday looks to be a "dead cat bounce."

via CoinDesk

CryptoCurrency News: Stablecoin to HODL? Pizza CEO Nets Millions for Crypto

"Stablecoins" continue to be a much sought-after tech for ICOs, and a new one, Fragments, now boasts investment from True, Pantera and FBG.

via CoinDesk

CryptoCurrency News: Chinese Stock Exchange Probes Firm's Blockchain Claim Amid Stock Rally

A public company in China is being questioned over a blockchain claim that appeared to drive a rally in its stock price.

via CoinDesk

CryptoCurrency News: Bitcoin Returns Above $8K, But Sell-Off Risks Remain

Bitcoin's corrective rally may gather traction, however, the overall outlook remains bearish as long as prices stay below $11,700.

via CoinDesk

CryptoCurrency News: Twitter Will Ban Cryptocurrency Ads in Two Weeks, Says Report

Following in the footsteps of Facebook and Google, Twitter is reportedly planning a ban on advertisements related to cryptocurrencies.

via CoinDesk

CryptoCurrency News: Mt Gox Trustee Denies $400 Million Sale Caused Bitcoin Price Slump

The bankruptcy trustee for the defunct Mt. Gox exchange has denied that the sale of $400 million in BTC and BCH caused the recent drop in prices.

via CoinDesk

CryptoCurrency News: Plattsburgh's Crypto Mining Ban Could End Earlier Than Expected

Plattsburgh imposed an 18-month halt on new commercial cryptomining operations, but indicated it could end sooner if protections are put in place.

via CoinDesk

[FOREX TIP] NZDJPY Price Action Analysis – 19th Mar 2018

NZDJPY has been having a strong Bearish move on the H4 chart. The first two H4 candles today have been a strong Bearish candle and one of them made a breakout at an important level of Support. If the price is held by the upcoming H4 candles and we get an H1 Engulfing candle, then selling the pair would get us some green pips. Let us have a look at the H4 NZDJPY chart.

NZDJPY Price Action Analysis – 19th Mar 2018

Have a look at the last Bearish wave. The selling pressure is strong. The level of 76.395 was a level of support. That got broken by a good looking H4 candle. Now if the price goes to have a correction at the breakout level and we get an H1 Bearish Engulfing candle, we should sell the pair to make some green pips. Let us have a look at the summary of the trade…

  • Sell Limit Order: 76.395
  • Stop Loss:  76.600
  • Take Profit: 75.800
  • 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

Although it is Monday today, the market has been very active. We have seen good liquidity and that has helped some pairs make breakouts already. Some other pairs look good to take entry as well. NZDJPY looks best among them. I assume it would be a good day for the traders. Keep your close eyes on the pair since the signal might come even before the New York session starts. I assume the signal would probably come around GMT 09.00 or at GMT 10.00.

The post NZDJPY Price Action Analysis – 19th Mar 2018 appeared first on Advanced Forex Strategies.

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