Noor Trends News, Technical Analysis, Educational Tools and Recommendations

A survey on Friday showed that Eurozone economic activities slipped back into decline this month with renewed restrictions to control the coronavirus pandemic, forcing many companies in the region’s dominant service sector to limit operations. A second wave of the virus swept across Europe, and 90% of economists polled by …

Gold stabilized on Friday, as expectations of an eventual US stimulus package were offset by the pressures imposed by the strong dollar. There was no significant change in gold in immediate trading at 1903.36 dollars an ounce before the opening of European markets, after it had fallen more than one …

The dollar stabilized against most currencies on Friday after a balanced presidential debate in the United States but is heading towards a weekly loss as investors await stimulus talks in Washington and post-Brexit trade negotiations. US President Donald Trump adopted a more conservative tone compared to what he was in …

The German DAX index succeeded in achieving the expected negative outlook mentioned in the previous analysis, touching the official target located at 12330 with session low at 12328. Technically, we see that the index has benefited from the support floor represented by the target within positive attempts to stabilize momentarily …

Negative trading dominated the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish path, touching the second target to be achieved in previous analysis at 27795, posting low at 27916. On the technical side, the current movements of the index are witnessing attempts to rise …

The British Pound against the Japanese Yen failed to confirm the breach of the strong resistance level published during the previous analysis, located around 137.65. On the technical side, the current movements of the pair are witnessing a bearish tendency due to the negative pressure of the 50-day moving average, …

The technical outlook remains unchanged, and the pair’s movements have not changed little in attempts to obtain a positive signal. Technically, and by looking at the 60-minute chart, we find the 50-day moving average is trying to push the price to the upside in conjunction with the RSI gaining an …

The pound continues its bearish bias against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming a break of 1.3100, pointing out that this facilitates the required mission of 1.3000, so that the pair continues to the downside. On the technical …

Oil, Crude, trading

Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …