CryptoCurrency News: TD Bank Considers Public Blockchain for Asset Tracking

A newly published patent application indicates that TD Bank may be considering the use of a public blockchain for certain kinds of transactions.

via CoinDesk

[FOREX NEWS] Bitcoin price: After a Bad Friday, it is April’s fool, nears the abyss

Bitcoin and other cryptocurrencies continue their descent. Good Friday has not been to the digital coins and neither has the weekend (maybe a “lost weekend”) and perhaps it is April’s fool. BTC/USD is trading around $6,500, the lowest since mid-February when it crashed to $5,858 and rebounded quite quickly. Below this level, we are back [...]

The post Bitcoin price: After a Bad Friday, it is April’s fool, nears the abyss appeared first on Forex Crunch.

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CryptoCurrency News: I Survived the Eternal Boy Playground, But Will Puerto Rico?

Brock Pierce is leading a herd of crypto entrepreneurs and investors to Puerto Rico and the island seems mostly welcoming. Is that the right move?

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CryptoCurrency News: 120 Million? Vitalik Proposes Cap on Ether Cryptocurrency

The creator of the world's second-largest cryptocurrency has floated a possible change to the network's long-opaque ether issuance policy.

via CoinDesk

[FOREX TIP] AUDUSD Monthly Forex Forecast for April 2018

AUDUSD Monthly Forex Forecast for April 2018

The Aussie is slightly trading below its yearly opening price which puts the trend on the bearish side but for the sellers to really take control of this market they need a break below the round number 0.7500. A break below 0.7500 ii means that based on the price structure we are making a new lower low which will confirm the bearish case.

The stochastic indicator is moving away from the oversold area which means that if the bullish momentum really picks up during this phase we can actually see AUDUSD reversing the previous down swing leg. On the upside, the first level of interest is at 0.7895 which is our major resistance level. A daily break and close above will open the door for a retest of the big psychological number 0.8000. The RBA is not expected to hike interest rates anytime soon despite the raising optimism in the Australia economy to grow at a faster peace.

 

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AUDUSD Monthly Forex Forecast for April 2018

The post AUDUSD Monthly Forex Forecast for April 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] USDCAD Monthly Forex Forecast for April 2018

USDCAD Monthly Forex Forecast for April 2018

The USDCAD is trading above the yearly opening price and has made a new higher high which makes the case for a strong bullish trend. However, in order for the bulls to take control of this market we really need a break and a daily close above the big psychological number 1.3000. As long as we trade below 1.3000 we can’t rule out the possibility for USDCAD to have another attempt to retest support level 1.2630.

But since the stochastic indicator is already in oversold territory and a crossover happened we need to see the 1.2630 retest happening quickly otherwise we might just move upwards from here on. On the upside, the first level or resistance is the 1.2915 level which has been tested multiple times in the past. Secondly, we have the big round number 1.3000 followed by the current year high 1.3125. A break above 1.3125 will open up the door for more upside but before that we can also see a pause in the trend. The BOC has another reason to hold interest rate on hold due to the growing trade uncertainty regarding the NAFTA. This will keep the pressure on the Canadian Dollar in the coming month.

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USDCAD Monthly Forex Forecast for April 2018

The post USDCAD Monthly Forex Forecast for April 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] GBPUSD Monthly Forex Forecast for April 2018

GBPUSD Monthly Forex Forecast for April 2018

The GBPUSD is still nervously trading in a very wide trading range between support level 1.3711 and the lower range boarder and 1.4345 resistance level and the upper range boarder. In the middle we have the big psychological number 1.4000 which can give us more clues whether or not we’re ready to resume higher. As long as we trade above 1.4000 on a daily closing basis we should expect the 1.4345 swing high to be challenged again. However, we need to be caution as the stochastic indicator is producing a crossover while being in overbought territory.

This leads us to believe that we might see another attempt to break below 1.4000 but if we successfully continue to trade above than the bulls can have another chance once the stochastic indicator resets. Any break below 1.4000 should quickly fade away for the bullish case to remain valid otherwise, we might see another month were GBPUSD will continue to consolidate. Above the 1.4345 the GBPUSD has a chance to retest the next big round number 1.4500. The BOE hawkish tone can also help push the GBP/USD higher and with the most BREXIT negative news already being discounted by the market we should expect no serious headwinds against the British Pound.

 

Previous EURUSD Monthly and Weekly Forex Forecast

GBPUSD Monthly Forex Forecast for April 2018

The post GBPUSD Monthly Forex Forecast for April 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: The Maddening Task of Calculating Taxes on Crypto

Calculating tax exposure is always a data-heavy business process. With regular assets, this process is simple. In cryptocurrency, it's anything but.

via CoinDesk