Tuesday, June 12, 2018

CryptoCurrency News: Apple Blocks Crypto Mining Apps On Its Products

In a recent update, Apple expanded their initial guidelines on cryptocurrencies to include policies on wallets, mining, exchanges, ICOs, and more.

via CoinDesk

CryptoCurrency News: UN Trade Body Examines Blockchain's Potential in Supply Chains

A United Nations body that facilitates global trade is examining blockchain and smart contracts to see if they could play a role in its mission.

via CoinDesk

CryptoCurrency News: Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges

The Financial Action Task Force reportedly aims to develop compulsory rules for the world's cryptocurrency exchanges.

via CoinDesk

CryptoCurrency News: Forget Prices, Ethereum Is Offering a Different Value in Afghanistan

According to Fereshteh Forough, the founder of Code To Inspire, ether bounties can be a tool for teaching Afghan women about financial empowerment.

via CoinDesk

CryptoCurrency News: Kakao, Korean Government Plan to Solve Social Problems with Blockchain

Kakao's blockchain subsidiary has announced it will work with a government-backed agency to develop blockchain projects focused on social services.

via CoinDesk

CryptoCurrency News: Dead Cat Bounce? Bitcoin May Struggle to Hold Above $7K

A corrective rally may lift bitcoin over $7,000, but holding on to gains won't be easy, the technical charts suggest.

via CoinDesk

CryptoCurrency News: Korean Banks Can Use Blockchain to Verify Customer IDs from July

A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.

via CoinDesk

CryptoCurrency News: Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0

Haja Networks aims to create a new set of database protocols which will help build an infrastructure for the Web 3.0.

via CoinDesk

CryptoCurrency News: The EU Wants to Hear Your Questions About Blockchain

The EU Blockchain Observatory and Forum is hosting a live AMA session to let the general public ask any questions they have about blockchain.

via CoinDesk

[FOREX TIP] EURJPY Price Action Analysis – 12th June 2018

EURJPY has been in a range on the H4 chart. The pair took a short H4 Bullish move, but the buying pressure has not been that strong. If we look at the H4 chart by Zooming out a little, then we see that the price is at a level, there seems to be a Double Top is being formed. If this is the case, then the pair might head towards the South soon. Let us have a look at the H4 EURJPY chart.

EURJPY Price Action Analysis – 12th June 2018

EURJPY Price Action Analysis – 12th June 2018

The level of 129.950 is the higher high of today’s price movement. Two H4 candles could not break the level. This is the level, which has the potential to be the 2nd leg of a Double top as well. Thus, if the current candle comes out as a Bearish Engulfing Candle, then an H1 breakout at 129.010 would drive the price down towards the level of 127.500. Let us have a look at the summary of the trade…

  • Sell Stop Order: 129.010
  • Stop Loss:  129.010
  • Take Profit: 127.500
  • 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

None of the currency of this pair has any high impact news event today. The USD has two news releases at GMT 13.30 though. We know the EURO and the JPY both are highly related to the USD. Thus, we might get some spikes on the intraday charts. However, if the signal comes at least 2 hours earlier than those news releases, then we do not have to worry about the news releases.

EURJPY Price Action Analysis – 12th June 2018

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

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