Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones is looking for more momentum to resume its rally 4/1/2023
Canadian is making notable gains 4/1/2023
Positive trades dominated the movements of the Canadian dollar during the previous trading session after it confirmed the breach of the resistance level of the psychological barrier 1.3600, explaining that this may motivate the pair to visit 1.3660 and then 1.3700, recording the highest 1.3685. Technically, the simple moving average …
Read More »GBP: stable below the moving average 4/1/2023
Oil, Crude, trading
Read More »Oil is under negative pressure 4/1/2023
Mixed movements tending to be negative dominated the prices of US crude oil futures contracts after it found a strong resistance level around the target to be achieved of 81.25, to record its highest level at 81.41 and start forming a solid negative attack. As a reminder, the previous technical …
Read More »Gold returns to the bullish rebound 4/1/2023
Gold prices managed to touch the required official target at 1850, recording its highest level at 1850, to decline significantly due to touching the pivotal resistance level of 1850 represented by the target, which forced the price to trade negatively to retest 1828 support. Technically, and with a closer look …
Read More »Euro is waiting for a new directional signal 4/1/2023
The movements of the EUR/USD pair witnessed a negative trading session, negating the expected bullish scenario in the previous analysis. We have indicated that a decline below 1.0590/1.0600 can nullify the suggested bullish scenario and place the pair under intense negative pressure, aiming to retest 1.0560 & 1.0510, recording its …
Read More »Dow Jones needs a closer look 3/1/2023
Oil, Crude, trading
Read More »Canadian extends losses 3/1/2023
The Canadian dollar declined significantly at the end of last week’s trading as part of a gradual decline towards the target achieved during the previous session, 1.3500, to record its lowest level at 1.3524. Technically, and by looking closely at the 4-hour chart, we find that the simple moving averages …
Read More »GBP: Looking for catalyst 3/1/2023
Oil, Crude, trading
Read More »Oil is holding above support 3/1/2023
Positive attempts for US crude oil futures prices within the expected bullish path to touch the first target mentioned in the previous technical report, at 80.50, recording its highest level of $80.67 per barrel. Technically, by looking at the 4-hour chart, the simple moving averages support the possibility of an …
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