Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …

The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …

Oil, Crude, trading

Oil, Crude, trading

Gold prices reversed the expected bullish tendency during the previous analysis. We relied on the stability of trading above the support line of the ascending price channel located at 1825. As we mentioned, any attempts to break the mentioned level can stop the bullish trend and start negative pressure on …

The single European currency succeeded in touching the goals mentioned in the previous report at 1.1220, recording its lowest level during the early trading of the current session at 1.1220. Technically, looking at the 4-hour chart, we notice the negative pressure of the simple moving averages that support the bearish …

The dollar is ending Wednesday firmly higher across the FX board, following the US Federal Reserve monetary policy decision.As widely anticipated, rates and taper were left unchanged, although the statement indicates that “the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” …

Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …

Saudi Arabia is expected to raise the official selling prices of all its crude grades sold in Asia next month on the back of solid demand and refining margins.Saudi Arabia usually sets the official selling prices (OSPs) of its crude for the following month around the fifth of each month, …

Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …