CryptoCurrency News: Infinity's End? $31 Million NEX Project Could Be Biggest Casualty of DLT Cuts

An investigation by CoinDesk has found a flagship blockchain project by NEX group has lost dozens of employees while racking up millions in costs.

via CoinDesk

CryptoCurrency News: Who Needs a Bitcoin ETF? Crypto Scoffs at SEC Rejections

Over the past two days, the narrative on bitcoin exchange traded funds in the United States has felt like a rollercoaster.

via CoinDesk

CryptoCurrency News: Crypto Trading 101 - Calculating Moving Averages

CoinDesk gives a 101 overview of how traders use moving averages as a tool in their investing arsenal.

via CoinDesk

[FOREX TIP] AUDUSD Weekly Forex Forecast – 27th to 31st August 2018

AUDUSD Weekly Forex Forecast – 27th to 31st August 2018

The AUDUSD has finished the week almost unchanged, but there is no clear direction as long as we trade inside the current price consolidation. On the upside, the first level of interest is the previous week high 0.7382. However, for a chance in trend we need more than just that, we also need a break and a daily close above the top of the previous trading range 0.7443. The stochastic indicator is in neutral territory, so there is no extreme reading that might suggest a change in the trend.

On the downside the first level of interest is the support level 0.7238, but more importantly the previous swing low established at 0.7200 remains the line in the sand for the bulls. The Australian economic calendar will not bring any major risk events that can disrupt the market volatility. Under the current conditions we should expect a more technical driven market, but we can still face some headwinds if the trade war rhetoric between the US and China intensifies.

Previous AUDUSD Weekly Forex Forecast

 

The post AUDUSD Weekly Forex Forecast – 27th to 31st August 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDCAD Weekly Forex Forecast – 27th to 31st August 2018

USDCAD Weekly Forex Forecast – 27th to 31st August 2018

The USDCAD continues to trade above the key psychological number 1.3000. However, the weak close above it suggests that we may see a false breakout below it next week. Only a daily break and close below 1.3000 will shift the sentiment more to the downside. A break below can open the door for a retest of the next important support level 1.2920.

The stochastic indicator is in neutral territory, but it’s moving away from overbought conditions which may favor the bulls in the short-term. On the upside, the first level of resistance comes at 1.3070 followed by intraday resistance level 1.3174. The Canadian economic calendar looks striped away from major risk events that can disrupt the market volatility. However, we can note the monthly GDP figures which have a moderate impact. Based on the market consensus the Canadian economy is expected to grow at a slower pace of only 0.2% compared to 0.5% previous reading.

Previous USDCAD Weekly Forex Forecast

The post USDCAD Weekly Forex Forecast – 27th to 31st August 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] GBPUSD Weekly Forex Forecast – 27th to 31st August 2018

GBPUSD Weekly Forex Forecast – 27th to 31st August 2018

The GBPUSD has managed to post the first positive week in about 6 weeks and this gives hope to the bulls for more constructive gains in the coming weeks. However, as long as we trade below the big psychological number 1.3000 the bearish sentiment should prevail. On the upside, the first level of interest is the previous week high 1.2935. We need a daily break and close above this level before the bulls can have a chance to challenge again the big round number 1.3000.

The stochastic indicator is bouncing from oversold conditions which are the perfect conditions that the bulls need right now. But, we can’t rule out the possibility for the GBPUSD to retest last week low or even go as deep as to retest the previous swing low at 1.2660. On the fundamental side, the UK economic calendar will only bring moderate risk events that can disrupt the market volatility. But, first we start the week with the UK Summer Bank holiday on Monday. On Tuesday, traders will need to shift their focus to the Inflation Report Hearings and Friday the GFK Consumer confidence data should give more clarity to the price action.

Previous GBPUSD Weekly Forex Forecast

The post GBPUSD Weekly Forex Forecast – 27th to 31st August 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies