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August 18 – The Washington Post reported that, according to eight sources, including officials and others familiar with the matter, the Pentagon is assessing its military presence in the Middle East, suggesting that a war with Iran could reshape the U.S. presence in the region. Two people familiar with the analysis said one of the key areas the Department of Defense is evaluating is whether to withdraw troops from the Persian Gulf. The U.S.s vast overseas military bases in the region have been ravaged by Iranian strikes for months. The damage to these facilities provides the Pentagon with a rare opportunity to reconsider its presence in the region. The Pentagon has indicated it may not rebuild bases as they were before the war. Officials said that Hergsays has not yet ordered a formal review of the U.S. military posture in the region. This analysis is "deliberate planning" and could ultimately inform the governments decision on whether to rebuild war-damaged bases.UAE Ministry of Defense: We inform our citizens that if they hear any sound, it is the sound of air defense interception.According to The Washington Post, sources say one of the key issues the U.S. Department of Defense is assessing is whether to withdraw troops from the Persian Gulf. This comes after months of severe damage to major U.S. military bases overseas, repeatedly attacked by Iran, providing the Pentagon with an opportunity to reconsider its military presence in the region.On August 18, Mostafa Izadi, deputy commander of Irans Islamic Revolutionary Guard Corps, stated that the United States had considered applying the "Venezuela model" to Iran, but ultimately failed. According to a report on the Revolutionary Guards news website on the 18th, Izadi said that the United States had formulated plans to overthrow the Iranian regime and "dismember" Iran, and even considered applying the "Venezuela model" to Iran, but ultimately failed to achieve its goals and suffered setbacks in several areas.UAE Ministry of Defense: We are ready to respond to any threat.

The chances of a bearish reversal for the USD/CHF rise as bears test the 200-EMA

Daniel Rogers

Jul 19, 2022 11:59

 截屏2022-07-19 上午10.03.58.png

 

The USD/CHF pair has gone sideways after exhibiting volatile volatility on Monday. The asset will likely trade sideways until volatility decreases since it hits resistance at 0.9780. As a result of failing to exceed the crucial resistance level of 0.09000, the asset saw a substantial fall.

 

A major negative reversal was foreseen by the formation of the Double Top chart pattern when the price failed to maintain its position above Tuesday's high at 0.9859. The aforementioned chart pattern frequently indicates waning demand at high levels. A negative reversal is now more likely as a result of the development of a selling tail around high levels.

 

Following the formation of a double top, the asset is forming an initiative selling structure, which points to the entry of those investors who start short positions after a bearish bias has been created. At 0.9767, the major is forming an initiative structure inside the 200-Exponential Moving Average (EMA) border, demonstrating that market participants are respecting the significant EMA.

 

However, the Relative Strength Index (RSI) (14), which signals an oncoming consolidation, has shifted into a range between 40.00 and 60.00. The asset will reach the July 5 top of 0.9705 with a sharp decrease below the July 13 low of 0.9758. If the latter barrier is breached, the asset will be more vulnerable to losses up to the 1. July high of 0.9642.

 

Alternatively, following Wednesday's violation of the 0.9827 high, the dollar bulls may defend the double top pattern. The asset will be propelled by this to its top on Thursday of 0.9886 and then encounter psychological resistance at 1.0000.


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