Friday, March 30, 2018

CryptoCurrency News: Report: Kazakhstan's Central Bank Wants to Ban Cryptocurrencies

The chairman of the National Bank of Kazakhstan told Sputnik News it is seeking an all-encompassing ban on cryptocurrency exchanges and mining.

via CoinDesk

CryptoCurrency News: Chile's State-Owned Bank Cutting Ties with Crypto Exchanges

Chile's public bank will terminate the accounts of three cryptocurrency exchange clients within 10 days, according to a local news report.

via CoinDesk

CryptoCurrency News: AirAsia Planning Cryptocurrency-Based Rewards Program

The Malaysian discount airline plans to use its proprietary BigCoin token to facilitate transactions and act as a frequent-flyer rewards program.

via CoinDesk

CryptoCurrency News: Cisco Imagines Group Chats on a Blockchain in Patent Filing

A Cisco patent application describes how a blockchain could let people form groups on the fly to share files and other data while tracking membership.

via CoinDesk

CryptoCurrency News: Riot Blockchain Acquires Futures Brokerage After Crypto Pivot

Riot Blockchain announced it would "investigate" creating a crypto exchange and futures product after acquiring a registered brokerage.

via CoinDesk

CryptoCurrency News: Winner-Turned-Loser ICON Tanks 40 Percent as Crypto Markets Falter

It's been a bad week for the wider cryptocurrency market, and one token alone in the top 25 by market cap has registered moderate gains.

via CoinDesk

CryptoCurrency News: Telegram Doubles Amount Raised in ICO to $1.7 Billion

Messaging app provider Telegram has raised a second $850 million in its ongoing token sale, according to a new filing with the SEC.

via CoinDesk

CryptoCurrency News: Arizona Bitcoin Trader Convicted for Crypto Money Laundering

An Arizonan bitcoin trader has been convicted for using the cryptocurrency to launder the proceeds of drug deals. 

via CoinDesk

CryptoCurrency News: Does the IRS Get a Cut of Your Bitcoin Cash?

The tax treatment of hard forks in the U.S. is uncertain and the IRS should issue guidance addressing such issues, says a legal expert.

via CoinDesk

CryptoCurrency News: Bitcoin Eyes Bottom After 50-Day Low Below $7K

Bitcoin prices dropped to a 50-day low of $6,630 today, but a bottom may be in sight, chart analysis suggests.

via CoinDesk

CryptoCurrency News: Singapore Launches Blockchain Challenge with Funding Prizes

The Singapore government is launching an innovation-boosting blockchain challenge that will reward successful projects with funding.

via CoinDesk

CryptoCurrency News: Malta Watchdog Proposes New Blockchain Gaming Guidelines

The Malta Gaming Authority has published draft regulations for digital game companies that want to use distributed ledger or blockchain platforms.

via CoinDesk

CryptoCurrency News: Taxing Every Bitcoin Purchase Will Backfire for the IRS

The IRS' 2014 tax guidance may encourage cryptocurrency users to use unregulated foreign exchanges and use privacy coins like monero or zcash.

via CoinDesk

CryptoCurrency News: Crypto Exchange OKEx to Roll Back Trades After Futures Plunge

OKEx has halted token withdrawal and futures trading amid irregular activities that pulled down bitcoin futures price significantly.

via CoinDesk

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

NZDJPY has been having a consolidation on the H4 chart. By analyzing the chart, it seems that a breakout towards the upside has the more chance to take place. The first H4 candle came out as a solid Bearish candle; then the next one came out as a Bullish Doji reversal candle. If the current H4 candle engulfs the last H4 candle and we get an H1 breakout towards the upside, then buying the pair would get us some green pips.

The level of 76.645 has been working as the level of Support here. If this level is held and produces an H4 Bullish Engulfing candle, then we would have to wait for an H1 breakout at the level of 77.000 to take a long entry. Let us have a look at the summary of the trade…

  • Buy Stop Order: 77.000
  • Stop Loss:  76.645
  • Take Profit:  77.580
  • 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

This kind of trade setup offers 1:1 risk and reward ratio. As we know, 1:2 risk and reward ratio usually we aim at. However, the market does not always offer entries with 1:2 risk and reward ratio. Especially, today is the last day of the week and the month. Thus, it might be a sluggish day today. However, if the breakout does happen, then we would not have to wait too long for the price to hit the target. This trade setup is intraday traders’ one of the most favorites setup, so we would see enough liquidity if the breakout happens.

NZDJPY Price Action Analysis – 30th Mar 2018


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

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