CryptoCurrency News: Fed Governor Says 'No Compelling Need' for US Central Bank Crypto

Fed governor Lael Brainard has said that cryptocurrencies do not pose a threat, and there is "no compelling need" for a Fed-issued digital currency.

via CoinDesk

CryptoCurrency News: NY Grants Fifth-Ever BitLicense to Crypto Exchange Genesis Global Trading

The license is has come in for intense criticism, in part because so few firms have been granted one.

via CoinDesk

CryptoCurrency News: Social Network Adopts Civic's Blockchain ID System

Civic has launched a decentralized identity verification system, and crypto social network platform Hilo is the first to use it.

via CoinDesk

CryptoCurrency News: Sberbank Buys Commercial Bonds Issued Over Blockchain Platform

Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country's first commercial bond transaction made using blockchain.

via CoinDesk

[FOREX TIP] Daily Price Action Forex Telegram Channel

Daily Price Action Forex Telegram Channel

In our Daily Price Action Newsletter, we will release a daily trade recommendation with detailed price action analysis and explanation. Our daily trade recommendation will include a precise BUY/SELL price (entry price) with a tight stop loss. Of course, we will also have a pre-determined Take Profit target for each and every of our trade. Typically, our orders will be either a stop or limit order. We like to use stop or limit orders so that we don’t have to monitor computer all the long.

Along with each trade recommendations, we provide our explanation and this is where the real magic is… the education on how to take trades as they develop. We feel this is a better approach to learning… much like on-the-job training approach rather than learning theories and when it comes time to trade, everything is forgotten.

And we strongly believe that with enough consistency and right practice, our price action approach can be mastered by any trader. This is the reason we provide one daily trade recommendation so that you have more than enough examples to follow and we believe this is the best way to learn Forex Trading.

For as long as we can, we will maintain this newsletter as a free service to serve the trading community. You can free to share our service with your fellow traders/trading communities. We greatly appreciate us helping spread the good word.

You can join our email list to receive our Daily Price Action Newsletter or you can also join our Daily Price Action Forex Telegram Channel.

Or better still… join both so that you are sure to receive our trade recommendations every day.

 

 

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CryptoCurrency News: Capital Markets Blockchains Are Finally Getting Go-Live Dates

Big financial market infrastructure players detailed their progress on blockchain conversions, with real timelines for going live, at Consensus 2018.

via CoinDesk

[FOREX TIP] NZDUSD Price Action Analysis – 17th May 2018

NZDUSD has been having a strong Bearish trend on the Daily and H4 chart. The price had a little upward correction on the H4 chart as well. Today, we get a Bearish H4 Pinbar from a significant level of Resistance. The current H4 candle has been trying to make a breakout towards the South. If the breakout takes place and we get a nice wave of correction, then an H1 Bearish Engulfing Candle right at the breakout level would be signal to take a short entry. Let us have a look at the H4 NZDUSD chart.

 

See the Pinbar at 0.69350. The current H4 candle has been trying to make a breakout at 0.68910. If it is able to make the breakout then we have to wait for the next H4 candle to be held by the breakout level as well as an H1 Bearish Engulfing Candle to be formed right at the level of 0.68910 to take the short entry. Let us have a look at the summary of the trade…

• Entry- H1 Bearish Engulfing Candle at 0.68910
• Stop loss- Above 0.69350
• Take profit- 0.68000
• 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 Forex market has been sluggish this week. We have not had that many H4 breakouts and full wave correction. Thus, it has been a difficult week for the H4 or the Daily chart trader. However, intraday charts such as 15M, 30M, 1HR charts are active as usual. I recommend that H4 chart traders must hold their patience and wait for the best opportunity.

The post NZDUSD Price Action Analysis – 17th May 2018 appeared first on Advanced Forex Strategies.

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