Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Dow Jones Industrial Average opened its first weekly trading on the upside, posting its highest level during the morning session at 29720. Technically, looking at the 60-minute chart, we find the RSI continues to defend the bullish bias in conjunction with the positive signals of the 50-day moving average. …

Positive trading returned to dominate pound’s movements against Japanese yen, benefiting from the 137.10 support floor, heading towards re-testing the 138.30 resistance level. Technically, we lean towards negativity given that trading remains above 137.60 with positive catalysis from the 50-day moving average. From here, we target 138.65 as a first …

The Canadian dollar is witnessing a slight bearish bias, which is normal after several consecutive sessions of rally, in addition to facing resistance 1.3175 / 1.3170. Technically, we tend to be negative, given the consolidation of trading below the aforementioned level, in addition to some negativity that began to appear …

Positive trading dominates the pound against the US dollar after it managed to break 1.3175. On the technical side, we find the 50-day moving average holding the price, as we find the pair continues to get bullish momentum from the RSI. As long as trading remains above 1.3140 / 1.3120, …

Oil, Crude, trading

We remained neutral in the previous analysis due to the conflicting technical signals, with activation of long positions depends on confirming the breach of 1886, and from here we may witness a re-test of the previously broken support-into-resistance 1901, posting a high at 1899. Technically, looking at the 240-minutes chart, …

The pair opened its weekly trading with a bullish bias towards the first target expected to be achieved last Friday, 1.1825, to hit its highest level during early trading for the current session at 1.1854. Technically, looking at the 4-hour chart, we find the 50-day moving averages support a bullish …

The second week of November saw two major highlights. First, it was over the past weekend that it became clear that the Democratic nominee and Former Vice President Joe Bides will be the next President of the United States after winning the elections. A projected win in the state of …

Oil prices declined on Friday after data showed a surprise buildup in American crude inventories yesterday, and amid the rise in new Coronavirus cases in many countries, especially in the United States. However, oil futures recorded high weekly gains, supported by positive news about a Coronavirus vaccine at the beginning …

Gold prices rose on Friday, recovering some of its losses earlier in the week that saw the announcement of the success of a new Coronavirus vaccine being developed by Pfizer and BioNTech. Gold futures for December delivery rose by $12.90, or 0.7%, and settled at $1,886.20 per ounce. For the …