Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones needs a confirmation signal 6/4/2023
GBP is retesting support 6/4/2023
Oil, Crude, trading
Read More »Oil needs to monitor price behavior 6/4/2023
Due to conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining the importance of monitoring the price from below 79.20 and above 80.85. Technically, prices failed to stay long above the resistance level of 80.85. Therefore, the stochastic indicator gradually lost bullish momentum, supporting the …
Read More »Gold is trying to resume its rally 6/4/2023
Trading tended to be positive and continued to control the prices of the yellow metal during the previous trading session as part of a gradual rise towards the target of the previous report at the price of 2040, to suffice with recording the highest $2032 per ounce. Technically, and with …
Read More »Euro may show some temporary bearish bias 6/4/2023
Quiet trading dominated the movements of the EUR/USD pair. No significant change appeared within a limited bearish bias due to the negative pressure after touching the resistance level of 1.0965, to witness the current movements stabilizing above the psychological barrier of 1.0900. On the technical side today, negative signs started …
Read More »Dow Jones may lose momentum temporarily 5/4/2023
Oil, Crude, trading
Read More »GBP advancing against USD 5/4/2023
Oil, Crude, trading
Read More »Oil needs to monitor price behavior for the 2nd session 5/4/2023
Due to the high level of risks amid conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining that confirming a breach of 81.00 may extend oil’s gains to 81.60, recording its highest level at 81.80. Technically, the inconsistency in the technical signals is still present. …
Read More »Gold continues the bullish rally 5/4/2023
Gold prices continue to achieve substantial against USD, in line with the bullish trend, as we expected during the previous trading session, touching the second official stop at $2025 per ounce. Technically, and with a close look at the 240-minute chart, we find that the relative strength index continues to …
Read More »Euro continues advancing towards bullish targets 5/4/2023
The Euro-dollar pair was able to trade positively during the previous trading session within the expected positive outlook during the last technical report, touching the first target to be achieved at 1.0965, recording its highest level at 1.0973. Technically, and by looking at the chart, the simple moving averages continue …
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