Nour_Capital

Nour_Capital Updated 

Gold is looking bearish with the current structure of lower high and lower low formed. At the time of writing, price is currently supported by the EMA 200 which was tested 4 times prior to today's candle. We are more incline to take on a short trade in this instance despite the fact that in the higher time-frame (weekly), the trend is still pointing up. Kindly...

Nour_Capital

Reasons: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Overall downtrend – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level from previous rejection area Our Trade Setup will be: EP:...

Nour_Capital Updated 

AUD Cash Rate and RBA Rate Statement will be released in the next 10 mins at the time of writing. GBP/AUD is very bullish with the strength coming in during the US session last Friday. We expect whipsaw to hunt stops (going down lower) before going higher. A bearish candlestick reversal pattern (shooting star) was formed yesterday but it will be wise to follow the...

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Bitcoin has exhibit clear bullish signals and has so far traded above 5560 at the time of writing. This level was previously the resistance zone which caused the huge sell down on 20 Nov 2018. We are bullish on Bitcoin but the current price is unattractive from a risk reward stand-point. We will strongly recommend to wait for price at the next support level...

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The CSI 300 Index of equities traded in Shanghai and Shenzhen sank 2.3 percent on Monday, its biggest loss in a month, with five stocks falling for each that rose. Property developers led the plunge, along with companies reliant on consumer discretionary spending and so-called old economy shares such as banks and industrial companies. After the CSI 300 surged...

Nour_Capital Updated 

Price is currently in range bound as we look to trade within the range of 111.80 to 110.25. EMA 200 is acting as a resistance level with price now trading at previous support turned resistance zone. The recent 2 bullish candle taking the volume into consideration might suggest that price is not as bullish as it seems. We are looking for a short trade so long as...

Nour_Capital Updated 

A retest of supply zone coupled with a cluster zone and 200ema, may be too strong for this to go up further. We are aiming for a short on this pair EURAUD Sell Limit EP: 1.587 SL: 1.603 TP: 1.563 Disclaimer: The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or...

Nour_Capital Updated 

This is an intraday short on a bullish pair The main idea is that this pair is overextended and thus we are waiting at H4 for a short candle to occur before taking a short on this to the support zone If there isn't any bearish candle, we will not take the trade. EP: 84.15 SL: 84.45 TP: 83.60 Disclaimer: The material (whether or not it states any opinions) is...

Nour_Capital Updated 

Based on the charts, SGX looks pretty bearish in the coming weeks/months ahead. 7.32 will be a tough resistance level for price to breach and we expect the bearish sentiment to continue. The heavy sell down on 12 March 2019 indicates sellers are heavily in control. 7.17/7.09 will be the next support level, should buyers failed to support the mentioned levels, we...

Nour_Capital

Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Pin bar rejection candle of higher prices before down move 3. Prior support turned resistance level from previous rejection area Our Trade Setup will be: EP: 0.9022 SL: 0.9037 TP:...

Nour_Capital Updated 

We should expect volatility on the EUR pairs with pending news announcement from the Eurozone on their Refinancing Rate and Monetary Policy Statement. ECB President Draghi will also be speaking this coming Thursday at 8.30pm (SGT). On the technical front, EURNZD is approaching the prior support turned resistance zone at 1.6712 having closed above the EMA 50. We do...

Nour_Capital

Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Prior support turned resistance level 3. Broke out of major downtrend line, will only be keen to take long positions Our Trade Setup will be: EP: 2.42 SL: 2.35 TP: TBD Best Regards, Nour...

Nour_Capital

Reasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Prior support turned resistance level 3. Downtrend line broken – might be the start of an uptrend. Looking to long only Our Trade Setup will be: EP: 1.0427 SL: 1.0375 TP: TBD Best Regards,...

Nour_Capital

Reason: 1. Prior consolidation before strong down move, shows hidden selling activities at this region – sellers will be likely to defend their positions at this level 2. Overall downtrend – will only be keen to take short positions to go with the trend 3. Prior support turned resistance level from previous rejection area Our Trade Setup will be: EP:...

Nour_Capital Updated 

Brexit had been on the news for weeks and with uncertainty, the pound has been on a volatile swing, wacking traders left right centre upside down. However if we were to look closer, most GBP pairs are range bound while waiting for the confirmation of Brexit detail. As such, we have identified a range play for GBPAUD A long from 1.833 with SL 60-70 pips below the...

Nour_Capital Updated 

Palm oil is edible oil which is extracted from the pulp of fruit of oil palms. The color of pulp is red. That's why crude palm oil is naturally similar to pulp color because of high inactive vitamin A content. It is different from kernel oil or coconut oil. Commonly it is combined or mixed with coconut oil to make highly saturated vegetable fat, which is also used...

Nour_Capital Updated 

After a period of consolidation at $24.30 level, DBS has moved further in line with the bullish sentiment. Price has closed above both the 50D and 200D MA which spells potential further up-move ahead. It is currently sitting at prior support turned resistance zone. Should price stay above $25.19, we can see the next target at $26.06 before the next level of...

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Genting Singapore Limited (G13.SI) seems to be unable to break the resistance level at $1.07. Overall trend is leaning towards the bears with a potential trend line resistance at $1.12. Both the EMA 50 and 200 is also acting as resistance which slows a few key confluence levels. A break above $1.19 will invalidate our trade idea. We are looking for a short set-up...