Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Trading tended to be positive, dominating the movements of the Canadian dollar after it confirmed the breach of the resistance level of 1.3350, to end its daily dealings above the mentioned level. Technically, we tend to be positive in our trading, relying on the positive impulse from the 50-day simple …

Oil, Crude, trading

US crude oil futures prices incurred significant losses during the previous trading session, surpassing the bearish targets that must be touched in the last analysis at 80.00, to deepen its losses, reaching $75.30 per barrel. Technically, by looking at the 4-hour chart, we find that the simple moving averages continue …

Gold prices achieved the corrective decline idea published during the previous technical report, touching the first official target of the bearish correction wave at 1734, recording its lowest level in the last session, trading at $1732 per ounce. Technically, and by looking closely at the 240-minute chart, we find a …

The EURUSD pair started its first weekly trading on a bearish slope, after finding a strong resistance level around 1.0400, below the strong demand point indicated at 1.0270, explaining that the decline below the mentioned level puts the pair under negative pressure; its first target is 1.0200, recording its lowest …

The US dollar capitalized on Monday’s prevalent risk aversion and negative market sentiment to edge higher. Risk aversion dominated markets after China’s National Health Commission reported death cases of Covid-19 patients in Beijing. China also reported over 26,000 new infections on Sunday. Commodity-linked currencies ended the day with losses against …

San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December’s Federal Open Market Committee. Daly insists that all options are available, so she is not taking anything off the table for December.Daly believes that at …

The world’s most famous cryptocurrency held steady at $15,824 on Monday at the time Wall Street opened following a weekly close at levels not seen since late 2020. At time of writing, bitcoin is trading around $15,780.Coinbase lost over 25% of its value in only four trading sessions as investors …

On Monday, oil prices recovered from earlier losses after Saudi Arabia had denied news alleging that it was discussing an increase in oil output with OPEC and allies. Brent crude futures for January settled at $87.45, shedding 17 cents. WTI crude futures for December settled at $79.73 per barrel, falling …

Interviewed by Dubai TV, Mohamed Hashad, the Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the latest developments in financial markets, most notably, the following: First: OilHashad noted that there was an obvious decline in oil prices as last …