Noor Capital has teamed up with Trading Central, a leading provider of technical
financial analysis. Trading Central has a proven track record in delivering high-quality, accurate assessments of the
financial markets. It provides market insights and knowledge based on many years of experience acquired on the
trading floors of reputable banking institutions. Our trading environment is safe, licensed and regulated
by the UAE Central Bank.
EUR/USD Intraday: key resistance at 1.0915.
USD/JPY Intraday: intraday support around 104.00.
GBP/USD Intraday: under pressure.
Gold spot Intraday: further advance.
Crude Oil (WTI) (Z6) Intraday: the downside prevails.
Dow Jones (CME) (Z6) Intraday: under pressure.
Trading Central's preferred scenario is indicated as an arrow on the chart as well as in the comments. Trading Central provides two price targets; the first corresponds to a conservative strategy, the second to a more aggressive one.
The number of stars indicated for each key level specifies the importance of the level and varies depending on how likely it is to be broken: 1 star for a low importance level, 2 stars for an average importance level and 3 stars for a major importance level.
We send the technical analysis daily in two formats: English and Arabic.
Technical analysis really just studies supply and demand in a market in an attempt to determine what direction, or trend, will continue in the future. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. The field of technical analysis is based on three assumptions: