Thursday, September 01, 2016 Noor Capital Daily Technical Strategies

Noor Capital P.S.C.
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EUR/USD Intraday: under pressure.
Pivot: 1.1180

Our preference: short positions below 1.1180 with targets @ 1.1125 & 1.1105 in extension.

Alternative scenario: above 1.1180 look for further upside with 1.1210 & 1.1240 as targets.

Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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USD/JPY Intraday: bullish bias above 102.80.
Pivot: 102.80

Our preference: long positions above 102.80 with targets @ 103.65 & 103.95 in extension.

Alternative scenario: below 102.80 look for further downside with 102.40 & 102.10 as targets.

Comment: the RSI is mixed to bullish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
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GBP/USD Intraday: the bias remains bullish.
Pivot: 1.3090

Our preference: long positions above 1.3090 with targets @ 1.3165 & 1.3210 in extension.

Alternative scenario: below 1.3090 look for further downside with 1.3055 & 1.3030 as targets.

Comment: the RSI is mixed to bullish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
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Gold spot Intraday: under pressure.
Pivot: 1316.00

Our preference: short positions below 1316.00 with targets @ 1304.00 & 1299.00 in extension.

Alternative scenario: above 1316.00 look for further upside with 1322.00 & 1325.00 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1316.00.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
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Open account


Crude Oil (WTI) (V6) Intraday: under pressure.
Pivot: 45.75

Our preference: short positions below 45.75 with targets @ 44.10 & 43.80 in extension.

Alternative scenario: above 45.75 look for further upside with 46.45 & 47.00 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
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Dow Jones (CME) (U6) Intraday: further advance.
Pivot: 18310.00

Our preference: long positions above 18310.00 with targets @ 18500.00 & 18540.00 in extension.

Alternative scenario: below 18310.00 look for further downside with 18260.00 & 18190.00 as targets.

Comment: the RSI advocates for further advance.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Trade now
Open account

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Noor Capital نور كابيتال
Dubai - UAE
+971 4 279 5400  info@noorcap.ae 

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