Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones breaks through resistance 11/1/2023
CAD trying to rise 11/1/2023
Limited positive attempts for the Canadian dollar during the last trading session aimed at retesting the previously broken support level, which was turned into resistance at 1.3460. Technically, and by looking closely at the 4-hour chart, we find that positive crossover signs started to appear on the stochastic indicator, accompanied …
Read More »GBP is on a side track 11/1/2023
Oil, Crude, trading
Read More »Oil back to settle below resistance 11/1/2023
Mixed movements are still controlling the prices of US crude oil futures contracts to move in both the bearish and bullish paths without getting a solid directional signal. The technical outlook remains unchanged, with oil’s stability moving below 75.60. We find the 50-day simple moving average, continuing the negative pressure …
Read More »Gold needs price catalyst 11/1/2023
Sideways trading dominated gold’s movements yesterday, trying to attack the main resistance level of the current price range at 1880 but unable to breach it until now. Technically, by looking at the chart with a 4-hour interval, we find the simple moving averages support the daily bullish price curve accompanied …
Read More »Euro is facing strong resistance, waiting for a stronger signal 11/1/2023
The euro-dollar pair did not show strong movements during the previous trading session, as part of its attempts to breach the strong supply zone published in all technical reports for the current week at the price of 1.0740, representing the key to the continuation of the bullish trend. On the …
Read More »Dow Jones is facing negative pressure 10/1/2023
Oil, Crude, trading
Read More »CAD Canadian continues to decline gradually 10/1/2023
As we expected, a bearish trend dominated the Canadian dollar’s movements with a gradual decline to the downside, approaching the official target of 1.3320, posting its lowest level at 1.3355. Technically, the most favourable direction is still bearish, with the negative pressure of the simple moving averages, which continue to …
Read More »GBP: Looking for extra momentum 10/1/2023
Oil, Crude, trading
Read More »Oil back to settle below resistance 10/1/2023
US crude oil futures prices reversed the expected bearish trend mentioned in the previous analysis, in which we relied on trading stability at the time of writing the report below the resistance level of 75.60, explaining that if the level mentioned above is breached, oil prices may recover with the …
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