Trump Threatens to Fire Fed Chair Powell Amid Investigation
- Firing Threat: Trump stated he would fire Fed Chair Powell if he does not resign by May, a move he previously refrained from due to concerns over controversy, which could heighten market uncertainty regarding Fed policies.
- Replacement Nomination: Trump has nominated former Fed governor Kevin Warsh to replace Powell, with Warsh's nomination currently moving through the Senate; however, Senator Thom Tillis from North Carolina has expressed he will oppose any Fed nominee until the investigation into Powell is fully resolved.
- Investigation Escalation: Prosecutors from U.S. Attorney Pirro's office unexpectedly visited the Fed's renovation site, investigating the $2.5 billion project, which could further damage Powell's tenure and the Fed's reputation amid ongoing scrutiny.
- Confirmation Hearing: The Senate Banking Committee is set to hold Warsh's confirmation hearing on April 21, with Chairman Scott predicting that Pirro's investigation will conclude within weeks, potentially clearing the way for Warsh's confirmation, although he admitted lacking evidence for this claim.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.424 | 2.597 | 2.734 | 2.907 | 3.044 | 3.217 | 3.354 |
| Fibonacci | 2.597 | 2.716 | 2.789 | 2.907 | 3.026 | 3.099 | 3.217 |
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