Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The German DAX index began to rise, posting a strong gain, reaching an intraday high at 12985. On the technical side, and looking at 60-minute chart, we find that the simple moving averages continue to hold the price along with positive signals from the RSI. Therefore, a bullish bias is …

building on the strong support mentioned in the previous analysis at 27700. Technically, as the index continues to receive positive signals from the RSI, it coincides with the positive signals from the 50-day moving average. This encourages us to hold onto our positive outlook, knowing that trading above 28355 confirms …

Positive trading dominated the moves in the pound against the Japanese yen after it succeeded in establishing good support around 136.00. Technically, we are biased towards the positivity based on the positive signals of the 50 day moving average. As long as the intraday trading remains above 136.65, the bullish …

Negative trading is dominating the Canadian dollar after it failed to stabilize above the psychological barrier resistance of 1.3300, to gradually start drifting to the downside. Technically, we find that the SMA 50 continues negative pressure on the price, and this coincides with the stability of the RSI indicator below …

The pound was able to achieve the first awaited target we mentioned in the previous analysis at 1.2840, recording its lowest level at 1.2845. On the technical side, the support level represented by our target was able to push the pair up again with the aim of re-testing the resistance …

Oil, Crude, trading

The technical outlook for gold has not changed, nor has there been any significant change in its movement still in sideway moves. Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in addition to the confirmation of gold’s breach of 1901 support, which turned …

The Euro was calm and tends to be positive during the session, noting that we remained neutral during the previous report due to the conflicting technical signals. On the technical side and by looking at the chart, we find that the 50-day simple moving average has returned to hold the …

The New York Stock Exchange (NYSE) closed Wednesday higher on the back of renewed hopes for a stimulus package by the Congress. The Dow Jones Industrial Average surged by 530.70 points, or 1.91%, to finish at 28,303.46 points. S&P 500 closed higher by 58.50 points, or 1.74%, at 3,419.45 points. …

Treasury yields in the United States increased on Wednesday, as the latest US Federal Reserve’s meeting minutes indicated a commitment to asset purchases. The Fed is set to focus on purchasing assets with longer maturities. Return on the 10-year Treasury bond leveled up by 4.3 basis points to 0.784%, its …