Tuesday, August 30, 2016 Noor Capital Daily Technical Strategies


Noor Capital P.S.C.
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EUR/USD Intraday: under pressure.
Pivot: 1.1210

Our preference: short positions below 1.1210 with targets @ 1.1145 & 1.1130 in extension.

Alternative scenario: above 1.1210 look for further upside with 1.1240 & 1.1255 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: further advance.
Pivot: 101.65

Our preference: long positions above 101.65 with targets @ 102.50 & 102.80 in extension.

Alternative scenario: below 101.65 look for further downside with 101.30 & 100.85 as targets.

Comment: The pair has validated a bullish flag.
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: under pressure.
Pivot: 1.3120

Our preference: short positions below 1.3120 with targets @ 1.3055 & 1.3030 in extension.

Alternative scenario: above 1.3120 look for further upside with 1.3165 & 1.3210 as targets.

Comment: the RSI advocates for further decline.
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: further advance.
Pivot: 1314.80

Our preference: long positions above 1314.80 with targets @ 1331.25 & 1335.00 in extension.

Alternative scenario: below 1314.80 look for further downside with 1309.50 & 1304.50 as targets.

Comment: the RSI lacks downward 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
Trade now
Open account

Crude Oil (WTI) (V6) Intraday: under pressure.
Pivot: 47.40

Our preference: short positions below 47.40 with targets @ 46.40 & 45.81 in extension.

Alternative scenario: above 47.40 look for further upside with 47.96 & 48.45 as targets.

Comment: the upward potential is likely to be limited by the resistance at 47.40.
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

Dow Jones (CME) (U6) Intraday: continuation of the rebound.
Pivot: 18350.00

Our preference: long positions above 18350.00 with targets @ 18540.00 & 18615.00 in extension.

Alternative scenario: below 18350.00 look for further downside with 18310.00 & 18260.00 as targets.

Comment: the RSI lacks downward 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

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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