CryptoCurrency News: An $8 Million ICO Ran Out of Tokens. What's Next Is Anyone's Guess

What can a blockchain startup do when it runs out of its own tokens? According to U Network, buy back tokens from its ICO investors.

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CryptoCurrency News: Bitcoin's Price Sets Sights on $8K After Sunday Sell-off

Bitcoin continues to hold ground amid market sell-off with growing momentum to take out its next target of $8,000.

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[FOREX TIP] AUDUSD Weekly Forex Forecast – 23rd to 27th July 2018

AUDUSD Weekly Forex Forecast – 23rd to 27th July 2018

The Aussie has managed once again to bounce from the previous support level 0.7300. Right now it seems the AUDUSD has established a double bottom, which can signal a reversal. However, for the double bottom pattern to be confirmed we really need to break above the resistance level 0.7342. More importantly, a daily close above 0.7342 will be much stronger bullish signals. Above, on the upside, we have the big psychological number 0.7500 which should act as a major resistance level.

On the downside, the support levels 0.7346 followed by 0.7300 should hold the downside for the time being. With the stochastic indicator in overbought territory we can expect to see another try from bears to break below. However, if the bears can’t break through until the stochastic indicator resets itself, we should expect the downside to hold and see again some bullish momentum. The Australian economic calendar has some scheduled risk events for the week ahead. On Tuesday the Trade Balance data followed by the CPI inflation data are expected to give more clarity to the price action. Other than that we don’t have any other catalysts to stimulate volatility.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 23rd to 27th July 2018

The post AUDUSD Weekly Forex Forecast – 23rd to 27th July 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] USDCAD Weekly Forex Forecast – 23rd to 27th July 2018

USDCAD Weekly Forex Forecast – 23rd to 27th July 2018

The USDCAD has finished the week on a negative note after it had an unsuccessful attempt to break above the intraday resistance level 1.3220. Only a daily break and close above 1.3220 but more importantly above last week high 1.3287 can suggest that the bulls will try again to break above the double top established at resistance level 1.3381.

On the downside the first level of support comes at 1.3065 but the line in the sand remains the big round number 1.3000. However, with the stochastic indicator already in oversold territory we can expect these levels to provide a decent support. There are no risk events scheduled on the Canadian economic calendar so we should expect the USDCAD to be more sensitive to the technical levels.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 23rd to 27th July 2018

The post USDCAD Weekly Forex Forecast – 23rd to 27th July 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] GBPUSD Weekly Forex Forecast – 23rd to 27th July 2018

GBPUSD Weekly Forex Forecast – 23rd to 27th July 2018

The GBPUSD after another round of sell off has managed to find some strong support level in the region of the big round number 1.3000. The strong weekly close above the big psychological number gives us strong reasons that we may be in the process to establish a swing low. As long as we trade above last week low 1.2955 the bulls should remain in control. Only a break below 1.2955 will open the door for further weakness.

On the upside, the intraday resistance level 1.3120 needs to be cleared out before the bulls have a chance. A daily break and close above 1.3120 will open the door for a retest of our next important resistance level 1.3280. The stochastic indicator is already in overbought territory, so we might see the bulls slowing down early in the week. The UK economic calendar doesn’t have anything interesting in terms of risk events. The BREXIT negotiation and the political turmoil around May’s cabinet can be the catalyst for some volatility. The UK member parliament have submitted a latter of no confidence vote which can overturn May’s cabinet.

Previous GBPUSD Weekly Forex Forecast

GBPUSD Weekly Forex Forecast – 23rd to 27th July 2018

The post GBPUSD Weekly Forex Forecast – 23rd to 27th July 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: Mastercard Had An Outage, So Crypto Had a Field Day

Mastercard suffered an outage last week that led to a hold-up for some transactions – and crypto supporters on social media quickly pounced.

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CryptoCurrency News: Crypto Trading 101: Stochastic Oscillators and Price Momentum

A leading indicator, the stochastic oscillator can help inform traders of when to enter or exit a market – even in the volatile world of crypto.

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