Thursday, March 29, 2018

CryptoCurrency News: Ether Drops Below $400 to Hit Lowest Price Since November

The price of ether, the cryptocurrency of the ethereum network, fell below $400 on Thursday for the first time since November.

via CoinDesk

CryptoCurrency News: Intel Wants to Patent a Bitcoin Mining Hardware 'Accelerator'

Intel explains in a recently-released patent application how it would improve its products for bitcoin mining purposes.

via CoinDesk

CryptoCurrency News: Email Service MailChimp to Block ICO, Crypto Marketing

Email distribution company MailChimp will bar marketing campaigns for cryptocurrencies and initial coin offerings next month.

via CoinDesk

[FOREX NEWS] The pound will need strong data to recover, not sure it will find it

The GBP/USD is trading around $1.4050, the lowest in a week amid US Dollar strength. UK GDP came out as expected and the better Current Account figure is not enough to cheer the Pound.  The break below uptrend support is a bearish sign. The GBP/USD is trading some 0.20% down on the day around $1.4050. [...]

The post The pound will need strong data to recover, not sure it will find it appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Game Giant Unity to Work With Kik's ICO Token

The Kin Foundation, which governs the cryptocurrency developed by Kik, announced a partnership with Unity Technologies on Thursday.

via CoinDesk

CryptoCurrency News: Scammers Are Posing As Crypto Exchange Support Staff, Says FBI

The FBI's Internet Crime Complaint Center warned against criminals who pretend to be tech support for crypto exchanges.

via CoinDesk

CryptoCurrency News: 'Colored Coins' Startup Coinprism Is Shutting Down This Weekend

Coinprism was arguably ahead of its time. But much has changed on the tech and regulatory fronts since its debut in 2014, and the startup is closing.

via CoinDesk

CryptoCurrency News: Major Cryptocurrencies Are Hitting 2018 Lows Today

Ripple's XRP, ether and bitcoin cash have all hit fresh lows for the year, amid broader crypto market weakness.

via CoinDesk

CryptoCurrency News: Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange

A South Korean cryptocurrency exchange has reportedly had its insurance claim denied months after it closed following a debilitating hack.

via CoinDesk

CryptoCurrency News: UK Financial Watchdog Warns Over Unregistered Crypto Brokerage

The U.K.'s Financial Conduct Authority has warned investors over an unregistered brokerage that appears to be offering crypto-related derivatives.

via CoinDesk

CryptoCurrency News: China's Central Bank Eyes Crypto as Possible Yuan Risk

The People's Bank of China says cryptocurrencies will be a top priority for the agency this year, in an effort to protect the national currency.

via CoinDesk

CryptoCurrency News: Can the Lightning Network Avoid Going Corporate?

As startups developing bitcoin's Lightning Network start pushing the tech forward, some wonder whether it'll be taken over by corporate interests.

via CoinDesk

CryptoCurrency News: $7K Next? Bitcoin Bears Pull Off Downside Break

Bitcoin bears have come out victorious in the two-day tug of war with the bulls and may push prices down to $7,000.

via CoinDesk

CryptoCurrency News: West Virginia Piloting Blockchain Voting App in Senate Election

The U.S. state of West Virginia is trialing a voting system for absentee military personnel using a mobile app powered by blockchain technology. 

via CoinDesk

CryptoCurrency News: State Digital Currency Still On Agenda, Says China Blockchain Research Lead

China is still in the process of developing a state digital currency, the chief of a government-funded blockchain research center has said.

via CoinDesk

[FOREX TIP] XAUUSD Price Action Analysis – 29th Mar 2018

XAUUSD had a strong Bearish move yesterday. The H4 chart suggests that the price might come further down. Today’s first two H4 candles came out as Bullish candles, but a significant level of Resistance is held. The current H4 candle seems to be a strong Bearish one. If this candle really comes out as a Bearish candle and makes a breakout towards the South, then we might get an opportunity to sell XAUUSD and make some green pips. Let us find out the level of breakout and the Resistance level. Have a look at this chart.

XAUUSD Price Action Analysis – 29th Mar 2018

See after being Bearish, XAUUSD produced two Bullish H4 candles. The level of 1327.70 has come into play and acts as a level of Resistance. This is the level where price reacted before. Now if the current candle keeps going towards the downside and makes a breakout at the level of 1323.50, then we would wait for a little correction up to the level of 1323.50. To take the entry, we wait for an H1Bearish Engulfing candle to be produced right at that level. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1323.50
  • Stop Loss: 1327.70
  • Take Profit: 1309.00
  • 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

With most of the brokers, XAUUSD’s spread is high. However, the movement of XAUUSD is quite good as well. Thus, at the end of the day, trading in XAUUSD is lucrative. Another good thing about trading in XAUUSD is XAUUSD normally does not get affected by so-called “High impact news events” unless it really is a very high impact news event.

XAUUSD Price Action Analysis – 29th Mar 2018


The post XAUUSD Price Action Analysis – 29th Mar 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX NEWS] How to trade the UK GDP with GBP/USD

The final read of UK GDP for Q4 2017 is closely watched and may provide a trading opportunity. The Market Impact tool lays out the bullish and the bearish scenarios for trading the event. Buying GBP/USD scenario Tradable Positive Trigger: +0,85 deviation [BUY Pair] Key Resistance Level: 1.4150 If it comes out at higher than expected [...]

The post How to trade the UK GDP with GBP/USD appeared first on Forex Crunch.

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