Could this be an equal low? Because the right side low was slightly below the left side low.

r/ForexMay 22Single source

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·1h ago

Secretary of War Hegseth needs more money for war

It used to be the Secretary of Defense, but the high-T Pete Hegseth - the US Secretary of War - is going to Congress for urgent funds needed to replace equipment lost or damaged in combat. He is requesting $2 billion. The Senate must pass a $67 billion supplemental package. Missile forces: Trump said the U.S. was "destroying Iran's missile capabilities" and its ability to manufacture new missiles. Navy: Trump has repeatedly claimed the Iranian navy has been "annihilated" or effectively destroyed. In one statement, he said the U.S. had destroyed nearly all of Iran's naval forces, including mine-laying vessels, leaving only a handful of small fast-attack boats. Air defenses: Trump has asserted that Iranian air defenses and radar networks were "100% annihilated," saying Iran no longer had meaningful anti-aircraft capabilities. Military infrastructure: He has described strikes on facilities such as Kharg Island as having "totally obliterated" military targets, including missile bunkers, naval mine storage, and other military infrastructure. Nuclear program: Trump has said one objective was to ensure Iran "can never obtain a nuclear weapon," while more recently indicating additional strikes could target deeply buried sites such as Pickaxe Mountain. Regional proxy network: The administration has also said its goal is to prevent Iran from continuing to arm and direct proxy groups throughout the Middle East. Secretary of War, Hegseth has echoed the President's assessment, saying U.S. operations have: Severely degraded Iran's ballistic missile force. Destroyed or crippled key naval assets. Reduced Iran's ability to threaten shipping in the Strait of Hormuz. Weakened Iran's military infrastructure to the point that it would take years to rebuild. Sec. of State Rubio has said the campaign is intended to: Degrade Iran's military capabilities. Prevent Iran from acquiring a nuclear weapon. Make the world safer by reducing Iran's ability to threaten U.S. allies and international shipping. He has also emphasized that the administration's issue is with the Iranian regime rather than the Iranian people. While the administration has characterized the campaign as having devastated Iran's military, outside analysts generally assess that Iran has suffered extensive losses—particularly to its navy, air defenses, missile sites, and military infrastructure—but retains the capability to launch missiles and drones and to conduct retaliatory attacks. Recent attacks on U.S. forces and continued disruptions to shipping in the Strait of Hormuz have been cited as evidence that Iran's military capability has been significantly degraded but not eliminated. In addition to the damage to equipment, it was reported that two officers have died recently, and the hundred injured. W This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·1h ago

Tension in the middle east intensifies

Recent headline news that of the Middle East includes: Iranian Army says shut down a one-way attack drone in the country's northwest. Reports from unofficial sources in Iraq said that three American helicopters from troops in the Al-Badaiya Desert in Iraq. About an hour later, the helicopters took off and flew toward Jordan. IDF says Lebanese Army personnel breached pilot area in Lebanon and Israel fired warning shots into the air. The Lebanese president is meeting with Pres. Trump today. Power sources report that there have been several explosions in Erbil, Iraq interior minister says there are sirens being sound in Bahrain. Explosions heard near the US Consulate in Erbil, Iraq The tension and confrontations are being escalated. Earlier today, President Trump struck a sharply confrontational tone toward Iran, saying the United States has no interest in meeting with Iranian officials until they are prepared to engage on U.S. terms, despite claiming Tehran is eager for talks. He reiterated that the U.S. will not allow Iran to obtain a nuclear weapon and warned that Washington is prepared to strike any site associated with Iran's nuclear ambitions. Trump characterized Iran's leadership as "very evil," said the U.S. has been restrained in its approach so far, but cautioned that Iran "has not seen anything yet." He also indicated that the U.S. is preparing to target the Pickaxe Mountain area, signaling the potential for further military action if tensions continue to escalate. Buckle up. Tensions are flaring up across the region. Crude oil is trading up $1.78 at $84.27. The US stock markets are not bothered with the NASDAQ still up 341 points or 1.34%. The S&P is up 63.7 points or 0.85%. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·2h ago

AUDUSD reached key technical target and backed off. MA target approached on the downside

The rebound from today's low extended from 0.6991 to 0.7026, carrying the pair above several significant technical hurdles. The rally pushed through last week's high at 0.7021, cleared a swing high from June 19 in the same area, and briefly traded above the 38.2% retracement of the decline from the May high to the late-June low at 0.7022. However, buyers were unable to sustain momentum above that cluster of resistance. The failure to hold the breakout gave sellers the green light to re-enter, with the move aided by broad U.S. dollar strength as USDJPY continues to trade at fresh 40-year highs. The ensuing decline has taken the pair back toward the 0.7000 level, with today's low reaching 0.7002. Standing in the sellers' way is the rising 100-hour moving average, currently at 0.69962. Given that buyers have successfully defended this moving average during each of the past two trading days, it remains the key technical pivot for the near-term outlook. Stay above the 100-hour moving average, and the bias remains tilted toward another attempt at the 0.7021-0.7022 resistance cluster. A decisive break above that area would strengthen the bullish case and shift the focus toward higher targets. Move below the 100-hour moving average, however, and the technical picture would become more bearish. That break would expose the 200-hour moving average at 0.69729, followed by a key swing area between 0.6962 and 0.6978, where buyers would need to make another stand. For now, the market remains at an important crossroads. Buyers continue to control the short-term bias while the pair holds above the 100-hour moving average, but sellers earned some credibility by rejecting the breakout above the 0.7022 resistance cluster. The next meaningful directional move is likely to be determined by whichever side can force a sustained break of these key technical levels with momentum. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·4h ago

Trump meets with Lebanese President Joseph Aoun in the White House

Trump is speaking to reporters in the Oval Office along with the Lebanese president who is visiting: Relationship with Lebanon very good. Lebanon has been hit hard for many decades. We're going to help Lebanon a lot. I'll have Lebanon properly treated, with respect. On Houthi blockade: We'll see what happens. On Houthi blockade in Red Sea: If something happens, we'll just have to take care of business. Will be speak about Lebanese Army taking over villages that Hezbollah withdrew from Will be looking at issues in pilot zones. Would speak to Hezbollah if Aoun wanted him to Iran wants to desperately meet. We are not leaving Iran No interest in meeting Iran until they are ready Iran has a very evil people leading the country We will not let Iran have a nuclear weapon. We will hit any site Iran is thinking about having nuclear. Iran has not seen anything yet On Iran, we have been nice W e will be hitting Pickaxe Mountain area*** pretty soon. On Canada tariffs, not related to wild fires, but are looking at that. It is the first meeting at the WHite House with the Lebanese President. Recent U.S.-brokered diplomacy has shifted the focus toward replacing Hezbollah's presence with the Lebanese Armed Forces. Under a phased "pilot zone" plan, Israeli forces are beginning to withdraw from selected villages in southern Lebanon while the Lebanese Army moves in to assume security responsibilities. The expectation is that the Lebanese government will extend its authority, disarm Hezbollah in those areas, and prevent the group from re-establishing military positions. Israel has said further withdrawals will depend on whether the Lebanese Army can successfully keep Hezbollah from returning. President Donald Trump's meeting today with Lebanese President Joseph Aoun comes as this first phase is being implemented. The United States is backing Lebanon's government politically and militarily in an effort to strengthen the Lebanese Army, reduce Hezbollah's influence, and move both Israel and Lebanon toward a broader security arrangement that could eventually evolve into a formal peace agreement. While the initial troop redeployments represent progress, the process remains fragile, with significant skepticism over whether Hezbollah can be effectively disarmed without triggering renewed conflict. _____________________________________________________________ The site has drawn greater attention amid reports that Iran may have moved centrifuges or other sensitive nuclear equipment there following attacks on facilities such as Natanz. Its proximity to Natanz and its fortified underground structure have made Pickaxe Mountain a growing focus in discussions about Iran’s nuclear capabilities. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

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