Noor Trends News, Technical Analysis, Educational Tools and Recommendations

On Friday, May 7 India recorded 414,188 new cases of coronavirus during the past 24 hours, in a new daily record increase, while daily deaths jumped by 3,915. The number of cases in the country currently stands at 21.49 million, while the total number of deaths has reached 23,4083. This …

Gold prices rose on Friday, May 7, to a two-and-a-half-month high, and is heading to achieve the best weekly performance in 6 months, supported by the decline of the dollar and a decline in US Treasury bond yields, while investors are cautiously awaiting the US nonfarm payrolls report due to …

The German DAX index managed to achieve noticeable gains during the previous session’s trading in a bullish context, as we expected, touching the first target published in the previous analysis at 15,260, recording the highest of 15,280. Technically, we tend to be positive, depending on the stability of trading above …

The Dow Jones Industrial Average was able to achieve the official target required to be touched during the previous analysis, located at 34,330, to record its highest level at 34,453. On the technical side, today we find the 50-day moving average continues to provide a positive motive, accompanied by the …

Against the Japanese yen, the pound managed to achieve the first required target during the previous report, located at 151.20, recording its lowest level at 151.20. On the technical side, trading remains stable below the psychological barrier 151.90 resistance, and we find negative signs still dominating the stochastic indicator. Therefore, …

The Canadian dollar failed to maintain the level that was recorded at the price of 1.2260, and as we mentioned in the previous analysis that any attempts to break the aforementioned bottom lead the pair to resume the official bearish path with an initial goal of 1.2200 so that the …

Oil, Crude, trading

Oil, Crude, trading

After several consecutive sessions of standing on neutrality, the price of the yellow metal witnessed noticeable rises, explained during the previous report that the activation of the buying centers requires a clear and strong penetration of the resistance level 1792/1795, which facilitates the task required to visit 1800 and 1810 …

The euro’s movements are still within a sideways range against the US dollar for several sessions in a row, so we find the pair trying to benefit from the psychological barrier support level of 1.2000 to re-choose the pivotal resistance of 1.2065. On the technical side, the Euro’s movements have …