Month: May 2018

John McAfee thinks it’s time for Jamie Dimon to surrender.

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John McAfee thinks it’s time for Jamie Dimon to surrender.

In the face of ever-increasing adoption, expanded mining activity and a new period of rising prices, McAfee clearly believes that Dimon’s efforts to kill off Bitcoin and the cryptocurrency movement have failed. After clashing with him on national news back in September when he called Bitcoin a fraud, his opinion of Dimon does not seem to have improved. McAfee took to Twitter with strong words for the JP Morgan Chase CEO: To Jamie Dimon: As the brains of the Banking/Government plot to end crypto, you lied. You took our credit…

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AUDUSD trading idea for the week of 14-May-2018

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AUDUSD trading idea for the week of 14-May-2018

AUDUSD fell during the first three days of the last week but found support underneath the 0.7500 important support area. It then rallied back and formed a long hammer for the week. This hammer has been preceded by a hammer from the previous week as well. This could mean that the pair can now go and re-rest the up trend line that has been broker the previous week. Trading Preference The preference at this moment is to buy the pair as we can also anticipate a corrective move of USD…

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GBPUSD Trading idea for the week of 7-May-2018

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GBPUSD Trading idea for the week of 7-May-2018

GBPUSD has fallen rather significantly for three consecutive weeks, and we can see that an important uptrend has been broken. This is a very important development for this pair. Week economic data from UK has contributed to this, in addition to the strength of US Dollar. Trading Preference Preference is to sell the pair. It is possible that the pair can bounce up and test the trend line before the continuation of the move to the downside. However, break below last week’s low can also be a good opportunity to…

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AUDUSD trading idea for the week of 7-May-2018

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AUDUSD trading idea for the week of 7-May-2018

AUDUSD traded around 0.7500 which is an important area of support. At times the dips went as low as 0.74725. However the break below the support was not sustained and hence the pair bounced back above 0.7500. When we look at the weekly chart, this has been translated into a hammer. Trading preference The hammer is bullish sign, therefore it is possible that the pair can go to test the uptrend line before continuing its fall towards support and even below after that. The preference of trading at this point…

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