Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Gold prices stabilized in a narrow range today, Friday, supported by concerns about the economic consequences resulting from the escalation of Covid-19 cases, but the yellow metal is heading towards its first weekly loss since September, as it boosted hopes for a vaccine for high-risk assets earlier this week. With …

The Nikkei index closed in the Tokyo Stock Exchange lower today, Friday, ending gains that continued for eight consecutive sessions, as investor sentiment was undermined by fears due to a new rise in new cases of the emerging coronavirus inside and outside Japan. The benchmark Nikkei index fell 0.53% to …

The German DAX index declined, to reach a low of 12930 in the previous session. Technically, we are intraday positive, with the index gaining bullish momentum on short time frames, with intraday trading stabilizing above the support level of 12910 and the most important 12860. Therefore, confirming the breach of …

Negative moves dominate the Dow Jones Industrial Average after it encountered a strong resistance near 29200. Technically, the current movements are witnessing a bearish bias as a result of trading stability below 29220/29215 with negative signs on the RSI indicator on short time frames. Therefore, there is a possibility that …

The British Pound fell against the Japanese Yen significantly as we expected, surpassing the second target mentioned in the previous analysis at 138.00, and reached a low of 137.54. Technically, we tend to be negative, given that trading is stable below 138.30 / 138.20 with negative pressure coming from the …

The Canadian dollar was able to achieve the second target to be touched at 1.3130, to hit a high of 1.3170 during early trading for the session. Technically, the pair was able to surpass 1.3065 resistance and consolidate above, which turned into a support level, in addition to the positive …

The British pound reversed the bullish trend yesterday to negate the positive outlook as we expected and touch the stop-loss order mentioned in the previous analysis at 1.3160, we have indicated that breaking the 1.3160 ​​support level will completely negate the bullish scenario, turning towards the negativity with the first …

Oil, Crude, trading

The movements of the yellow metal witnessed positive attempts during the previous trading session and are still limited, targeting a re-test of the 1882 resistance level. Technically, we notice a contradiction between the technical signals, and by looking at the short time intervals, we find that the RSI indicator is …

The European single currency continues attempts to maintain positive stability against the US dollar and is able to settle above the strong support floor of 1.1720, Fib 23.60%, which is considered the key to protecting the upside. Technically, looking at the 4-hour chart, we find that the simple moving average …