Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Dow Jones Industrial Average managed to achieve the official target published in the previous report, at 34,540, to record its highest level at 34,554. Technically, by looking at the 60-minute chart, we find that the RSI is stable above the 50 mid-line, and on the 4-hour time frame, Stochastic …

The current movements of GBP/JPY are witnessing an upward bias as a result of building a base at the support level of 154.30. On the technical side, we are biased towards positivity today, but cautiously, relying on attempts to capture the stochastic indicator for more additional momentum. We are targeting …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the bullish corrective slope within the expected bullish context. Technically, by looking at charts, we find the pair succeeded in building support at 1.2100/1.2090, accompanied by positive signs from the RSI gaining more bullish momentum. Therefore, …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses at the beginning of this week’s trading within the negative technical outlook as we expected, in which we relied on breaking 1880, exceeding the required official target 1855, recording its lowest level at 1844. Today’s technical view indicates the possibility of continuing the bearish corrective …

Quiet trading dominated the movements of the single European currency against the US dollar during the previous session so that the current movements witnessed attempts to recover, but there are still limited attempts. Technically, and with a closer look at the 60-minute chart, we find that the RSI is trying …

The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …

Markets are awaiting the outcomes of the upcoming Federal Reserve meeting, with the policy update coming with additional importance as it follows the recent surge in consumer prices. Investors will closely examine the monetary policy statement and its view on the inflation rate, which recorded 5% in May, as shown …

The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …