Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP breaks through resistance 13/3/2023
Oil is looking for a clearer direction 13/3/2023
Attempts for US crude oil futures contracts continue to achieve some gains within the bullish path published during the previous technical analysis, surpassing the target of 76.00, recording its highest level at $77.42 per barrel. Technically, the 50-day simple moving average still constitutes an obstacle in front of oil prices, …
Read More »Gold steals the spotlight 13/3/2023
Gold prices jumped on the shoulders of the US dollar after the US jobs data last Friday, close to achieving $1900 per ounce, recording its highest level of 1894. Today, gold prices consolidated above the support level of 1860, accompanied by the positive impulse from the simple moving averages supporting …
Read More »Euro is trying to break through the resistance 13/3/2023
A noticeable rise for the Euro-dollar pair, achieving substantial gains, building on the weakness of the US dollar after the US jobs data, invalidating the technical outlook as we expected. As a reminder, we indicated during the previous technical report that the price’s consolidation once again above 1.0640 would immediately …
Read More »Dow Jones: negativity remains 9/3/2023
Oil, Crude, trading
Read More »CAD continues to work inside the bullish channel 9/3/2023
Positive trades dominated the movements of the Canadian dollar, as we expected, with a gradual rise to the upside, approaching a difference of a few points from the target to be achieved yesterday at 1.3830, recording its highest level at 1.3817. Technically, the bullish context is still the most probable, …
Read More »GBP loses momentum and maintains the bearish path 9/3/2023
Oil, Crude, trading
Read More »Oil touches the first bearish target 9/3/2023
US crude oil futures prices achieved the negative outlook as we expected, touching the first target mentioned in the previous technical report, located at 76.20, recording its lowest level at 76.15. Technically, oil’s current movements are witnessing stability below the 76.00 barrier, as we find the simple moving averages form …
Read More »Gold is still facing negative pressure 9/3/2023
Limited attempts in gold prices to retest 1828, trying to compensate for its previous losses, after it recorded its lowest level at $1809 per ounce. Technically, and with a closer look at the 4-hour chart, we find that gold failed to maintain positive stability above 1828, the previously broken support, …
Read More »Euro is hovering around the 50.0% Fibonacci retracement 9/3/2023
The movements of the eurodollar pair witnessed a calm trading session yesterday, after it recorded significant declines against the US dollar after the semi-annual testimony of the Federal Reserve Chairman before the Senate. Technically, today, the euro is settling below the minor resistance level 1.0575, in addition to the pair’s …
Read More »