Thursday, April 12, 2018

CryptoCurrency News: Digital Asset Taps Former JP Morgan Exec for ASX Project

Digital Asset has hired Stewart Cowan to work on its clearing and settlement blockchain system for the Australian Securities Exchange.

via CoinDesk

CryptoCurrency News: Miner Reopens Coal-Fired Power Plant in Cheap Energy Quest

An Australian tech company recommissioned an old coal power plant to provide cheap energy for cryptocurrency mining.

via CoinDesk

CryptoCurrency News: Bank of America Sees Blockchain As Way to Replace Internal Ledgers

A newly released Bank of America patent application proposes securing health records on a permissioned blockchain.

via CoinDesk

CryptoCurrency News: CabbageTech CEO Concedes in CFTC Crypto Fraud Suit

CabbageTech CEO Patrick McDonnell has ceased his fight with the CFTC, potentially affirming the regulator's power to oversee cryptos as commodities.

via CoinDesk

CryptoCurrency News: NY Regulator Argues BitLicense Regulation Boosted Businesses

Maria Vullo highlighted the state's early involvement in cryptocurrency. But many think New York's BitLicense desperately needs an overhaul.

via CoinDesk

CryptoCurrency News: Russian Police Arrest Two for Illegal Crypto Mining

Russian police have reportedly apprehended two suspects in connection with an illegal crypto mining farm.

via CoinDesk

CryptoCurrency News: IT Giant Tech Mahindra Joins India's Early Blockchain 'Bulls'

Blockchain startup ChromaWay and India-based Tech Mahindra have partnered to bring new solutions to the Indian market.

via CoinDesk

CryptoCurrency News: Bitcoin Breakout: Price Jumps $1K in 60 Minutes

Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways.

via CoinDesk

CryptoCurrency News: Carbon 'Stablecoin' Project Raises $2 Million in Seed Round

Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday.

via CoinDesk

CryptoCurrency News: Moody's: Blockchain Could Save US Mortgage Industry $1 Billion

Blockchain could boost efficiency and cut costs in a housing sector that's due for a digital overhaul, says Moody's.

via CoinDesk

CryptoCurrency News: Santander Launching Blockchain Payment App This Week

Banking giant Santander Group is reportedly launching a blockchain-based application for cross-border foreign exchange on Friday. 

via CoinDesk

CryptoCurrency News: $7.5K Ahead? Bitcoin Price Charts Hint at Bull Move

Although still stuck in a narrow range, bitcoin could rise back toward $7,500 in the next 24 hours, the technical charts indicate

via CoinDesk

CryptoCurrency News: Blockchain Startup Kadena Raises $12 Million in SAFT Sale

Blockchain startup Kadena has raised $12 million for its upcoming Chainweb protocol.

via CoinDesk

CryptoCurrency News: Police Abruptly Halt Chinese Blockchain Conference

A blockchain-themed conference in Shanghai was suspended by police on Thursday for so-far unclear reasons.

via CoinDesk

CryptoCurrency News: The Anti-ASIC Revolt: Just How Far Will Crypto's Hardware War Go?

The arrival of more powerful mining hardware is splitting sentiment in major cryptocurrencies, with users taking sides over how best to respond.

via CoinDesk

CryptoCurrency News: BitFlyer Exchange Toughens User Verification Amid Watchdog Scrutiny

Japanese cryptocurrency exchange BitFlyer says it will revise its know-your-customer procedures after criticism from a financial regulator.

via CoinDesk

CryptoCurrency News: Search Giant Baidu Unveils Blockchain Stock Photo Platform

Chinaese search giant Baidu has launched a blockchain-based stock photo service in bid to protect image intellectual property in China.

via CoinDesk

[FOREX TIP] EURUSD Price Action Analysis – 12th April 2018

EURUSD has been Bullish on the H4 chart. The pair has kept making higher highs despite being within a range on the Daily chart. Since we usually look for the opportunities on the H4 chart, thus as far as the H4 chart is concerned, we are eying on the pair to take a long entry. The first H4 candle came out as a Bullish H4 candle and the next one came out as a solid Bearish one. The current candle seems to be a Bullish candle so far. If it makes an upside breakout, then we would get a long opportunity on the pair. Let us have a look at the H4 EURUSD chart.

EURUSD Price Action Analysis – 12th April 2018

If the current candle makes a breakout at the 1.23780 and the level is held by an H4 candle, then we would wait for an H1 Bullish Engulfing candle right at the breakout level to take the long entry. Let us have a look at the summary of the trade.

  • Buy Stop Order: 1.23780
  • Stop Loss: 1.23520
  • Take Profit: 1.24200
  • 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

Yesterday’s FOMC meeting did try to take EURUSD’s price down. However, by looking at the overall sentiment the pair seems strong to go upwards. The pair has been Bullish technically and most probably this month it will remain Bullish. Do not take it for granted of course. However, I would personally keep looking to go long on the pair whenever an opportunity comes based on the technical analysis. Let us see how it goes in reality.

EURUSD Price Action Analysis – 12th April 2018

The post EURUSD Price Action Analysis – 12th April 2018 appeared first on Advanced Forex Strategies.

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