Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The technical outlook remains unchanged, to find the Canadian dollar maintaining negative stability, as we expected, touching our first target to be achieved at 1.2975, recording its lowest level at 1.2963. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and the current moves are witnessing …

Oil, Crude, trading

US crude oil futures prices jumped during the previous trading session, nullifying the negative outlook as we expected, in which we relied on the stability of trading below 86.40, explaining that skipping upwards and consolidating above 86.40 leads oil to complete the bullish correction. We wait for touching 87.50 and …

Gold prices temporarily reversed the expected bearish trend during the previous analysis, and we relied in our negative trades on the stability of trading below the pivotal resistance level 1726, explaining that we should pay close attention if the price succeeds in breaching 1726. High at 1735 to compensate for …

As we expected, the single European currency formed a corrective ascending wave against the US dollar, reaching the first target at 1.0195, and recording the highest level at 1.0197. Technically, the pair found a strong resistance level around the psychological barrier of 1.0200, which forced it to trade negatively again …

Next Friday, tens of thousands of railroad workers are poised to go on strike, potentially bringing a nearly a third of all US freight to a grinding halt. It would be the first national rail strike in 30 years. As the clock ticks, the threat of the work stoppage is …

US indices carried over last week’s improved risk appetite and ended in positive territory on Monday, achieving four consecutive days of gains and reaching their best levels in two weeks. The lack of important data on the economic calendar and the generally quiet session due to the Fed’s blackout period …

The advance of Ethereum’s coincides with less than three days away from the eyed Merge transition ahead of the US inflation data for August that is also awaited by traders and investors.Currently trading down more than 3% on the day at $1,728 per coin, Ether outperformed bitcoin in August yet …

The performance of oil price gets firmer during the US session as both WTI and Brent crude benefit from strong risk appetite and exploit today’s weaker US Dollar. Equities in the US have pushed higher over the last week ahead of tomorrow’s CPI data, with traders betting that the peak …

On Tuesday, key inflation data will be released. The August CPI reading will be closely watched traders and investors, particularly as it is released ahead of the next FOMC meeting on September 20-21. According to analysts, the CPI will show a decline of 0.2% in August, on the back of …