Category: Downside
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The USDCHF is lower keeping the seller in control. The 200D MA is a key downside target.
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USD/CHF rebounded earlier this week in the process extending above the 38.2% retracement of the downward move from the May high to the June low. The level came at 0.8986. However, the momentum could not be maintained as the price began to rotate towards the downside supported by the weaker…
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Biden largely spent his political capital, the risk is now to the downside: BCA By Investing.com
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According to BCA Research analysts, President Joe Biden has largely exhausted his political capital. The company states that any major negative developments from this point “could destroy his presidency.” Despite having some successes, such as negotiating bipartisan budget deals and the Fed making a soft landing, the BCA says the…
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EURUSD runs higher. USD move to the downside continues
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EUR/USD rises as the dollar is sold. Above 100 hours MA. The US dollar is under increasing pressure. Initial jobless claims in the US were weaker and began to decline. For EURUSD, it is moving above the technical zone defined by the swing zone between 1.0752 and 1.0756 (see chart…
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Peter Schiff Discloses Downside Target For Bitcoin, Downtrend Imminent?
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Peter Schiff, popular critic of Bitcoin The staunch gold defender has delved into the controversy surrounding BTC’s valuation, forecasting potential downward pressure in the near future and setting his target at the $54,000 price level. Bitcoin continues to face negative pressure Earlier today, Schiff identified a negative pattern on the…
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Nvidia’s Israel AI spending spree has downside
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Nvidia Corp, the AI chip giant, is currently making one of its biggest moves in the past year by completing the acquisition of two Israeli companies for a total of $1 billion. The two startups Run: You have And So there you have it They are considered two of the…