Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones returns to gain 3/4/2023
CAD continues to decline 3/4/2023
The Canadian dollar achieved the negative targets we expected within the bearish path published during the previous technical analysis, touching the official target at the end of last week’s trading at 1.3550, recording the lowest at 1.3505. Technically, we tend to be negative, relying on the continuation of the negative …
Read More »GBP is looking for more upside 3/4/2023
Oil, Crude, trading
Read More »Oil may witness a session in the green areas 3/4/2023
US crude oil futures prices witnessed an upward rebound by the end of last week’s trading, building on the strong support floor of 72.60. Technically, with a close look at the 240-minute chart, the price has returned to stability above the simple moving averages that support more rises and is …
Read More »Gold settled above the ascending trend support line 3/4/2023
The yellow metal’s efforts continued to maintain its attempts to rise, which stopped temporarily due to the negative pressure from the 1987 resistance level, forcing the price to decline temporarily. Technically, the overall bullish trend is still the most likely, relying on the stability of trading above the previously breached …
Read More »Euro is looking for additional momentum 3/4/2023
The single European currency showed movements within a bearish bias due to the clash with the resistance level of 1.0920, which forced the pair to retest 1.0820, which concluded last week’s trading above the mentioned support level. Technically, and looking at the 4-hour chart, we find that the 50-day SMA …
Read More »CAD: negative pressure is in place 27/3/2023
Limited positive trades were shown by the movements of the Canadian dollar, trying to benefit from the support level of 1.3650 to retest the resistance level of the psychological barrier of 1.3800, maintaining the negative stability once again. Technically, we are facing a bearish technical formation on the 4-hour time …
Read More »GBP testing support 27/3/2023
Oil, Crude, trading
Read More »Oil touches downward targets 27/3/2023
The prices of US crude oil futures contracts declined significantly by the end of last week’s trading within the bearish directional movement, as we expected, touching the official target station at the price of 67.20, recording its lowest level at $66.86 per barrel. Technically, the bearish trend during today’s session …
Read More »Gold is still above support 27/3/2023
Gold prices collided with the psychological resistance level of $2000, which forced gold to trade within a bearish slope that aimed to retest the key to protect the bullish trend of 1960 from ending its weekly trading above the mentioned level. Technically, the overall bullish direction is still the most …
Read More »