Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar continues to achieve gains within the expected bullish path, after it managed to establish a solid support floor around 1.2590, touching our target at the end of last week’s trading at 1.2770, recording a high around the resistance of the psychological barrier 1.2800. Technically, the bullish scenario …

Oil, Crude, trading

Oil, Crude, trading

At the end of last week, mixed trading dominated gold prices within an unclear short trend after it managed to break 1797. We explained that trading above the 1804 resistance level might push the price towards 1825, recording a top at 1815 then quickly declining to settle at 1797. Technically, …

The single European currency managed to post good gains last week, building on a support level of 1.1200, which forced it to rebound within a limited upward slope to retest the 1.1330 resistance level. Technically, and by looking at the 4-hour chart, the stochastic is now moving around the overbought …

Financial markets were calm last week due to the Thanksgiving holiday in the United States, and investors were cautious due to the emergence of the new Coronavirus mutant in South Africa and the Uk. Gold During the past week, the safe haven fell due to the growing strength of the …

The US session did not witness the release of any remarkable economic data, rather it has been dominated by concerns of probable lockdowns in Europe, the emerging new virus strain.On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new …

China’s post-COVID recovery has been hurt by Beijing’s crackdown on real estate and tech giants. Strong exports have saved the economy but what happens when global demand for Chinese goods decreases? Despite projections of 8% economic growth this year, China is struggling to handle many economic challenges. The debt crisis …

Bitcoin fell 8% Friday, on the same day, the S&P 500 index retreated by 2.3%, that is to mean the most famous cryptocurrency is not the ideal hedge against volatility in the financial market as may be claimed by its backers.The hedge today was bonds, similar to much of market …

The British pound recovers from earlier losses during today’s trading despite risk-of-market sentiment clouding the financial markets due to discovering a new COVID-19 variant in South Africa. The GBP/USD pair is trading at 1.3341, up some 0.14%.In the overnight session, market sentiment fell as South Africa announced the discovery of …