CryptoCurrency News: A New Facebook Messenger Malware Is Targeting Crypto Users

FacexWorm, a malicious Chrome extension, has been recast to target cryptocurrency exchanges.

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CryptoCurrency News: Judge Rules Against Alibaba in Crypto Trademark Case

A U.S. district judge ruled against Alibaba in its trademark lawsuit against crypto startup Alibabacoin.

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CryptoCurrency News: EOS, TRX, ADA: April's Crypto Winners Saw Over 100% Gains

April wasn't exactly a stellar month for crypto assets – that said there were strong gains to be had for those willing to wade into riskier waters.

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CryptoCurrency News: Blockchain Acquires Startup for San Francisco Expansion

Crypto wallet startup Blockchain.info is opening a San Francisco office as part of its scaling plans.

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[FOREX NEWS] Fed May Decision Live Coverage

The Federal Reserve was expected to leave the interest rates unchanged at a range of 1.50% to 1.75%. This event does not consist of a press conference nor new forecasts. It does include a statement that was predicted to include a more upbeat sentiment after inflation data recently showed a significant rise and as the [...]

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CryptoCurrency News: US Lawmakers to Hear Case for Blockchain Supply Chain

Lawmakers in the U.S. Congress are set to hold a hearing on blockchain tech next week.

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CryptoCurrency News: Dubai Government Unveils Blockchain Business Registry

Dubai's Department of Economic Development is using blockchain technology to make it easier for companies to set up and operate in the country.

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CryptoCurrency News: Enterprise Ethereum Alliance Is Back - And It's Got a Roadmap to Prove It

Nearly 18 months since forming, the Enterprise Ethereum Alliance has published a guide to the building blocks that will make up its open standards.

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CryptoCurrency News: BMW, Ford, GM: World's Largest Automakers Form Blockchain Coalition

BMW, Ford, GM and Renault have joined with tech providers to form the biggest-ever consortium focused on blockchain for the automotive industry.

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CryptoCurrency News: Historic Korean Peace Declaration Recorded on Ethereum Blockchain

The historic moment when the leaders of South and North Korea agreed to end decades of hostility has been recorded on the ethereum blockchain

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CryptoCurrency News: Bitcoin Bulls Seek Breakout to $10K or Higher

Bitcoin has been trading in a narrowing price range over the past week, but a bullish breakout is looking likely.

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CryptoCurrency News: Peter Thiel Fund Moves to Ease Trades for Big Crypto Investors

Peter Thiel's Founders Fund has reportedly invested in a cryptocurrency startup that aims to optimize the bulk trading of cryptocurrencies.

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CryptoCurrency News: I Would Short Ether Before Bitcoin, Says Citron's Andrew Left

Notable short-seller Andrew Left took aim at the world's second-largest cryptocurrency in a new interview.

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[FOREX NEWS] EUR/USD: Climbing over $1.2000 does not consist of a real recovery

The EUR/USD clawed its way back above the $1.2000 level as European traders return to work. A busy day with euro-zone GDP, the ADP NFP, and the Fed decision stand out. The technical picture shows somewhat oversold conditions. The EUR/USD is off the lows of $1.1982 seen on Tuesday and has recaptured the round $1.2000 [...]

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[FOREX TIP] AUDUSD Monthly Forex Forecast for May 2018

AUDUSD Monthly Forex Forecast for May 2018

The Aussie is challenging the big psychological number 0.7500, but as long as we trade above this level on a weekly basis, there is a chance that we’re going to see Aussie starting to pullback and recover some of the previous losses. We can’t rule out a short-term fake breakout below the previous swing low before the bulls can take control.

On the upside, the first resistance levels come at 0.7650 from where we can expect a reaction lower. A daily break and close above 0.7650 can open up the door for a retest of a more significant resistance level 0.7800. The stochastic indicator is already in oversold territory and couple with the fact that the Australian dollar tends to rally during the month of May according to its seasonal pattern. The RBA seems poised to keep rates unchanged for the rest of the year so the monetary policy theme doesn’t provide us with a catalyst to drive the Aussie exchange rate. This makes the AUD/USD more sensitive to the technical levels unless some new unexpected macro theme comes into sights.

Previous USDCHF Monthly and Weekly Forex Forecast

AUDUSD Monthly Forex Forecast for May 2018

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

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[FOREX TIP] USDCAD Monthly Forex Forecast for May 2018

USDCAD Monthly Forex Forecast for May 2018

The broad based dollar strength that we experienced during the last days of April has helped the USDCAD to recover as well. The USDCAD has started to rally from near the big psychological number 1.2500 which signals institutional buying power. However, we’re still trading within a wide trading range and in order for a bullish trend to emerge; we need to break above the current swing high 1.3125. The big psychological number 1.3000 remains the first hurdle for the bulls, however technically speaking the region from 1.2920 to 1.3000 is our major resistance level from where we can see a minor reaction before the current bullish run resumes.

On the downside, we have a support level at 1.2645 but the critical level remains the last swing low 1.2530 which if broken can invalidate the bullish case scenario. On a fundamental level, the biggest threat to the Canadian dollar remains the trade threats and the NAFTA renegotiation terms which can have a negative impact in the short-term for the Canadian dollar.

Previous USDJPY Monthly and Weekly Forex Forecast

USDCAD Monthly Forex Forecast for May 2018

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[FOREX TIP] GBPUSD Monthly Forex Forecast for May 2018

The GBPUSD is in the process of reversing the previous trend or at least to develop a significant pullback after it has posted a massive bearish divergence on the daily chart. The also Cable made a new yearly high touching the 1.4376 level from where it sold off because the move was lacking the necessary momentum to push forward. We’re also trading below the big psychological level 1.4000 which is extremely bearish from a technical point of view.

Only a strong weekly and daily close above the 1.4000 can put the bulls back on the spot until then we should expect further weakness. On the downside the first major level of support only comes at 1.3715 but we can’t rule out first a false break below 1.3715 before any significant rally to be seen. The Pound strength since the beginning of the may weigh on the BOE’s ability to hike rates in the near future. The BOE Governor Mark Carney in recent comments has also hinted that a raise in interest rates during May meeting is less probable which has been the catalysts for the bearish momentum seen recently with the GBPUSD. 

Previous GBPUSD Monthly and Weekly Forex Forecast

GBPUSD Monthly Forex Forecast for May 2018

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CryptoCurrency News: Barclays CEO Pushes Back Against Crypto Trading Desk Reports

The CEO of U.K.'s banking giant Barclays has shot down the rumor that the bank is planning to launch its own cryptocurrency trading desk.

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[FOREX TIP] USDCAD Price Action Analysis – 2nd May 2018

USDCAD has been on a consolidation on the Daily chart after being Bullish. Today’s H4 chart suggests that the last H4 candle made a breakout at an important level of Support. If the pair produces a good corrective H4 candle and an H1 Bearish Engulfing Candle later, then selling the pair would get us some green pips.

Have a look at today’s 2^nd H4 candle. It was a strong Bearish candle. That made a breakout at the level of 1.28390. The current candle already had a rejection from the breakout level. However, it is too early to take the entry. We have to wait for the current H4 candle to be finished. If the pair produces an H1 Bearish Engulfing Candle after the correction, then the price would reach 1.27875 Let us have a look at the summary of the trade…

• Sell Limit Order: 1.28390
• Stop Loss: 1.28550
• Take Profit: 1.27875
• 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

The USD has a high impact news event today at GMT 19.00 “FOMC statement”. I have noticed on a number of occasions USDCAD making a good technical move on the day of “FOMC statement”. The pair looks good today as well to make a technical move. I assume the signal would come around GMT 10.00 to GMT 14.00. If it comes later than this, then the pair would not have enough time to hit the target. Another thing if it hits the target before “FOMC statement” it is fine. If not, then close the trade whatever profit you get.

USDCAD Price Action Analysis – 2nd May 2018

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