Wednesday, July 4, 2018

CryptoCurrency News: Big Insurers Are Uniting Behind R3's Blockchain Tech

The RiskBlock Alliance, whose members include insurance giants Chubb, Marsh and Liberty Mutual, has decided to build its blockchain on R3's Corda.

via CoinDesk

CryptoCurrency News: Spain's Lawmakers Push for Blockchain Use in Governance

Spain's ruling party submitted a proposal encouraging the government to adopt blockchain technology in managing public services.

via CoinDesk

CryptoCurrency News: EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty

The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.

via CoinDesk

CryptoCurrency News: Bitcoin Still Bullish Despite Price Pullback

Bitcoin retains the short-term bullish bias despite the pullback from the 11-day highs.

via CoinDesk

CryptoCurrency News: UK Government Should Have A Chief Blockchain Officer, Lawmaker Says

A U.K. lawmaker proposes the government should appoint a public-facing blockchain chief officer in order to boost blockchain adoption in the country.

via CoinDesk

CryptoCurrency News: Among Blockchain-Friendly Jurisdictions, Malta Stands Out

Malta is writing laws for tomorrow's economy rather than trying to impose yesterday's rules upon it. Consider the way it is legally recognizing DAOs.

via CoinDesk

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

EURNZD has been having a strong Bullish trend on the H4 chart. The price has kept making higher highs. Yesterday’s Daily candle came out as an Inside bar. This means if we get another upside breakout, then buying the pair would get us some green pips. Let us have a look at the H4 EURNZD chart.

EURNZD Price Action Analysis – 4th July 2018

EURNZD Price Action Analysis – 4th July 2018

Have a look the Bullish move on the H4 chart. Although yesterday’s Bearish correction seems to be a long correction, the overall bias is still with Bullish. As we see here that the level of 1.72200 has been the level of Support so far. If this level produces an H4 Bullish Engulfing candle, then we should wait for an H1 breakout at the level of 1.73725 to take a long entry. Summary of the trade…

  • Buy Stop Order: 1.73725
  • Stop Loss: 1.72200
  • Take Profit: 1.75300
  • 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 on this pair has any high impact news event today. Thus, the signal could come at any time after an H4 Engulfing Candle. The target is big, so I assume the breakout would be a big one as well. There is a strong reason to think like that. If we see the upward move of this pair on the H4 chart, then we have to agree that the trend is extremely strong. This would attract more buyers and eventually it would get more liquidity. In the end, a strong breakout and strong move that would take the price towards the upside.

EURNZD Price Action Analysis – 4th July 2018

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

from Advanced Forex Strategies

CryptoCurrency News: Binance Halts All Trading Over Abnormal Crypto Transactions

Binance has suspended trading services after one token on its platform was reported with abnormal transactions.

via CoinDesk

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