Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP/USD: Negative Bias Persists with Downside Potential 26/6/2024
WTI: Upside Potential Remains, But Breakout Needed for Further Gains 26/6/2024
US crude oil futures prices experienced a pullback after several days of gains, failing to hold above the 81.50 resistance level and retesting the 80.60 support level. Technical Outlook: Despite the recent decline, the technical outlook remains cautiously bullish. The price is currently attempting to rebound and retest the 81.50 …
Read More »Gold: Bearish Trend Continues, Downside Potential Remains 26/6/2024
Gold prices remain under bearish pressure, continuing the downward trajectory as anticipated in our previous technical report. The price has reached a low of $2310 per ounce, confirming the ongoing downtrend below the pivotal resistance level of 2340. Technical Outlook: The technical outlook remains unchanged, with the price consistently trading …
Read More »EUR/USD: Sideways Movement Continues, Key Levels to Watch for Breakout 26/6/2024
The EUR/USD pair experienced narrow sideways movement in the previous session, as we maintained our neutral stance due to conflicting technical signals. Technical Outlook: On the 240-minute chart, the pair is currently holding above the 1.0690 level and the main support level at 1.0675. This suggests the potential formation of …
Read More »Dow Jones: Bullish Momentum Drives Towards 40,000 25/6/2024
Oil, Crude, trading
Read More »USD/JPY: Temporary Correction Expected After Reaching Target 25/6/2024
japanese-yen
Read More »GBP/USD: Negative Bias Emerges Despite Previous Gains 25/6/2024
Oil, Crude, trading
Read More »WTI: Bullish Momentum Strengthens, Eyes Further Gains 25/6/2024
US crude oil futures prices continue their impressive rally, reaching a 7-week high of $81.86 per barrel, surpassing our previously identified target of 81.60. Technical Outlook: The technical outlook remains strongly bullish. The price has established a solid support base around 79.60 and is holding above the psychologically important 80.00 …
Read More »Gold: Bearish Bias Persists Amid Sideways Movement 25/6/2024
Gold prices have been trading within a narrow range, bounded by the 2317 support and 2340 resistance levels during the start of the week. Technical Outlook: Our technical analysis suggests a potential continuation of the downward trend. This bearish outlook is supported by the price remaining below the crucial 2340 …
Read More »EUR/USD: Conflicting Signals Warrant Cautious Approach 25/6/2024
The EUR/USD pair experienced mixed trading with a negative bias in the previous session, breaking below the 1.0700 psychological support level and reaching a low of 1.0683. However, the pair has since rebounded and is currently stabilizing above 1.0700, notably holding above the 61.80% Fibonacci retracement level of 1.0720. Technical …
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