Wednesday, July 25, 2018

CryptoCurrency News: Decentralized Exchange Waves Scored a $6 Million Debut. Then It Got Hacked

This booming crypto platform could hardly be described as institutional, but it isn't fully decentralized either.

via CoinDesk

CryptoCurrency News: AMD Sees Q2 Drop in GPU Sales to Crypto Miners

GPU sales for cryptocurrency mining fell quarter-over-quarter, AMD announced in its Q2 report on Wednesday.

via CoinDesk

CryptoCurrency News: US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

A new bill facing the U.S. Congress would have FinCEN more closely examine the cryptocurrency space, according to public documents.

via CoinDesk

CryptoCurrency News: Rogue Employee Mined 500K Bitcoins in 2011, Qiwi CEO Says

An employee at Qiwi reportedly mined roughly 500,000 bitcoins in 2011 by hijacking the company's payment terminals, CEO Sergey Solonin said Wednesday.

via CoinDesk

CryptoCurrency News: CFTC Chair Says Regulator Is 'Behind' on Blockchain

The U.S. Commodity Futures Trading Commission is "falling behind" in understanding blockchain technology, chairman Christopher Giancarlo said.

via CoinDesk

CryptoCurrency News: Bitcoin Price Awaits Possible Spoiler Ahead of July Futures Close

Bitcoin has historically performed poorly leading up to CME futures expiry, a correlation traders might not want to ignore.

via CoinDesk

CryptoCurrency News: Uber, E*Trade Vets to Launch No-Fee Crypto Exchange

A new cryptocurrency exchange is set to launch with no-feed trading – and it's got some notable backers behind it.

via CoinDesk

CryptoCurrency News: Tron Foundation Officially Completes Acquisition of BitTorrent

File sharing software provider BitTorrent announced Tuesday that its acquisition by the Tron Foundation is now officially complete.

via CoinDesk

CryptoCurrency News: China's Answer to Reddit Is Launching a Crypto Token

One of the oldest social networking platforms in China is launching its own crypto token in an apparent bid to boost declining user activity.

via CoinDesk

CryptoCurrency News: Crypto Security Startup BitGo to Custody Zcash

Cryptocurrency security startup BitGo says it is adding privacy coin zcash to its supported crypto assets.

via CoinDesk

CryptoCurrency News: Bitcoin Seeks Bargain Buyers As Price Retreats Back Toward $8K

Bitcoin price pullback could find bargain hunters at key support levels.

via CoinDesk

CryptoCurrency News: CoinDesk Releases Q2 2018 State of Blockchain Report

To use crypto parlance, Q2 was a painful time if you were HODLing – but a productive one if you were BUIDLing, our quarterly research report shows.

via CoinDesk

CryptoCurrency News: The First Augur Assassination Markets Have Arrived

People are now placing bets on whether public figures will be assassinated on decentralized prediction market Augur.

via CoinDesk

CryptoCurrency News: Coinbase Launches Crypto Gift Card Service in Europe

Coinbase now offers a way for users to purchase retail goods and services with cryptos, thanks to a deal with a digital gift card service in Europe.

via CoinDesk

CryptoCurrency News: Japanese Crypto Exchanges Push for Limit on Margin Trading Borrowing

A self-regulatory organization formed by crypto exchanges in Japan is proposing a limit on how much investors can borrow when margin trading

via CoinDesk

[FOREX TIP] AUDJPY Price Action Analysis – 25th July 2018

AUDJPY has been Bearish on the H4 chart. The pair took a strong Bearish move and then had a correction. Today, the H4 chart produced a good-looking H4 Bearish Engulfing Candle. It is now time to wait for a breakout towards the South to take a short entry. Let us have a look at the H4 AUDJPY chart.

AUDJPY Price Action Analysis – 25th July 2018

AUDJPY Price Action Analysis – 25th July 2018

Have a look at today’s H4 Bearish Engulfing Candle. The level of 82.840 is the level of Resistance here. If the price continues to go down and makes an H1 breakout at 81.755, then the price would head towards the level of 80.300 without having that many pauses. Let us have a look at the summary of the trade…

  • Sell Stop Order: 81.755
  • Stop loss: 82.840
  • Take Profit: 80.300
  • 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

All the JPY pairs look very active today. I assume JPY pairs might get traded heavily by the traders to finish this month off. It seems that the JPY pairs are going to offer entries for the retail traders soon. Thus, it would be a good idea to keep an eye on JPY pairs with more concentration. Let us hope that other major currencies such as the USD and GBP make some strong moves along with the JPY. If these three currencies come into play, then surely the Forex market will get back to its usual rhythm. Holiday months are almost over. Thus, the big traders, hedge farms, financial institutions will come back to their usual trading. Let’s hope it happens sooner than later.

The post AUDJPY Price Action Analysis – 25th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

bitcoin faucet

Popular Posts