Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP advancing against USD 5/4/2023
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 …
Read More »Dow Jones reports strong gains 4/4/2023
Oil, Crude, trading
Read More »CAD: negative pressure is in place 4/4/2023
As we expected, the Canadian dollar declined significantly within the negative outlook, touching the official target achieved yesterday at 1.3460, recording the lowest 1.3411. Technically, the bearish trend is still the most dominant in the pair’s movements, and we find that the simple moving averages continue their negative pressure on …
Read More »GBP touching the required bullish target 4/4/2023
Oil, Crude, trading
Read More »Oil needs to monitor price behavior 4/4/2023
Strong rises were witnessed in the prices of US crude oil futures contracts, to start its first weekly dealings on a rising price gap under the influence of the OPEC decision, to record its highest level of $81.50 per barrel. Technically, By looking closely at the 240-minute chart, we find …
Read More »Gold derives its strength from consolidation above support 4/4/2023
Gold prices failed to break the pivotal support floor published during the previous analysis at 1960, explaining that it represents the key to protecting the official bullish trend, returning to the bullish rebound towards 1990, to end its daily dealings above the support mentioned above. Technically, the overall bullish trend …
Read More »Euro settled above support 4/4/2023
The Euro tried to maintain the main bullish trend during the first trading of this week, explaining during the previous report that the price remaining above 1.0800 stimulates the price to retest 1.0920, recording its highest level at 1.0925. Technically, the Euro has stabilised above the 50-day simple moving average, …
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