Wednesday, April 4, 2018

CryptoCurrency News: Bank of Montreal Expands Crypto Purchase Ban

Canada's Bank of Montreal will prohibit customers from purchasing cryptocurrencies using Interac debit cards, on top of an existing Mastercard ban.

via CoinDesk

CryptoCurrency News: ICOs Can Pose 'Fundamental Issues' Says Ontario Securities Regulator

Canada's most populous province wants to retain its image as an "innovation hub," but worries that investors don't "understand what they're buying."

via CoinDesk

CryptoCurrency News: Korean Regulator Tells Crypto Exchanges to Revise User Agreements

South Korean regulators, whose decisions have shaken cryptocurrency markets in the past, are reportedly cracking down on exchanges' contract terms.

via CoinDesk

CryptoCurrency News: 'Lack of Understanding' Derails Georgia's Bitcoin Tax Bill, Says State Senator

A Georgia bill to enable tax payments through cryptocurrencies failed to get out of committee, one of the measure's sponsors said.

via CoinDesk

CryptoCurrency News: Washington State County Shuts Down 'Unauthorized' Crypto Miners

Washington State's Chelan County shut down three rogue cryptocurrency mining operations due to the power draw and safety risk.

via CoinDesk

CryptoCurrency News: Ether's Start to 2018 Has Broken Records (In a Bad Way)

Ethereum's ether token fell 47.5 percent in the first three months of 2018 – its worst quarterly drop on record.

via CoinDesk

CryptoCurrency News: Fed Governor Calls Out Crypto Market Over 'Extreme Volatility'

Lael Brainard, a governor at the U.S. Federal Reserve, has said bitcoin and its peers raise investor protection and money laundering concerns.

via CoinDesk

CryptoCurrency News: Why the Time Is Right for the First Blockchain Governor

The value propositions of blockchain tech are central to the business of public institutions, argues Alec Ross, a candidate for governor of Maryland.

via CoinDesk

CryptoCurrency News: Mt Gox CEO: I Don't Want Bankrupt Bitcoin Exchange's Billions

Mark Karpeles has again apologized for his role in the firm's 2014 collapse and said he doesn't want any of the remaining Mt. Gox funds.

via CoinDesk

CryptoCurrency News: Vitalik: Ethereum App Builders Are Being 'Screwed' By Scaling Limits

At a conference in South Korea Wednesday, ethereum creator Vitalik Buterin sought to raise awareness of the platform's technical limitations.

via CoinDesk

CryptoCurrency News: Iran's Government is Debating a Ban on Telegram Over Its ICO

Iran's president has spoken out against aired plans to ban Telegram's messaging app over fears its new token may undermine the national currency.

via CoinDesk

CryptoCurrency News: Bitcoin Bulls Need to Defend $7K as Corrective Rally Stalls

Bitcoin's corrective rally has run out of steam in the last 12 hours, but only a clear break below $7,000 would kill the odds of a move higher.

via CoinDesk

CryptoCurrency News: Russia's Central Bank Mulls Ethereum System for Pan-Eurasian Payments

The Central Bank of Russia may use its ethereum-based Masterchain software to communicate financial messaging across the Eurasian Economic Union.

via CoinDesk

CryptoCurrency News: What the Taxman Can Learn from Crypto

Cryptocurrency reminds us that tax and other rules need to be fluid, as inaction or inappropriate responses can halt or slow technological advances.

via CoinDesk

CryptoCurrency News: Motherboard Maker ASRock Confirms Plan to Sell Crypto Miners

Taiwan-based motherboard producer ASRock confirmed that some of its new GPUs are meant for cryptocurrency mining.

via CoinDesk

[FOREX TIP] EURNZD Price Action Analysis – 4th April 2018

EURNZD has been having strong Bearish momentum on the H4 chart. Yesterday’s Daily candle came out as a strong Bearish candle. Today’s first H4 candle was a Bearish Doji and the next one was a solid Bearish candle, which also made a breakout towards the downside. The pair has been having a correction as it seems. If the current H4 candle is held by the breakout level and we get an H1 Bearish Engulfing Candle right at the breakout level, then selling the pair would get us some green pips. Let us have a look at the H4 EURNZD chart.

EURNZD Price Action Analysis – 4th April 2018

Have a look at today’s huge Bearish H4 candle, which made a breakout at the level of 1.68720. If the current candle finishes within this level and the produces an H1 Bearish Engulfing Candle, then the price would reach at 1.67450 without having too many pauses. Let us have a look at the summary of the trade…

  • Sell Limit Order: 1.68720
  • Stop Loss: 1.69100
  • Take Profit: 1.67450
  • 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

Today’s market has been very active so far. Numbers of pairs have already made breakouts. Most probably the breakouts are going to be held and the pairs would offer entries for the traders today. If that happens, then surely the Forex market will be having another great day to start the week of the month of April. As I said, at the beginning of this week that April would be a good month for the traders. This is how it has been going as it seems so far.

EURNZD Price Action Analysis – 4th April 2018

The post EURNZD Price Action Analysis – 4th April 2018 appeared first on Advanced Forex Strategies.

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