Noor Trends News, Technical Analysis, Educational Tools and Recommendations

There was little change in GBP/JPY, maintaining the bullish bias. On the technical side, we tend to be positive but cautiously, relying on the stability of the intraday trading above the mentioned support level and the attempts of the 50-day moving average to hold the price. Therefore, the bullish bias …

The Canadian dollar successfully retests the pivotal support published in the previous analysis, at 1.2580, concluding its daily trading above the mentioned support. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to trading above 1.2580. This increases …

Oil, Crude, trading

Oil, Crude, trading

We stayed on the fence during the previous analysis due to the conflicting technical signals, clarifying that the pivotal support level 1799 represents the key to protecting the bullish trend.  Technically, the 50-day moving average is still a hurdle and holds the price from below, coinciding with the clear positive …

The single European currency continues its attempts to rise against the US dollar within the expected gradual ascent, recording its highest price during the last trading session, 1.1845. On the technical side, the current movements are witnessing a bearish slope due to the negative features that started appearing on the …

The Canadian economy’s performance during the second quarter of the year came against most market expectations, showing a contraction amid a drop in home sales and exporting activity. A decline in the number of coronavirus cases and lifting the lockdown and preventive measures was not enough for a strong rebound …

The main indices of Wall Street closed marginally lower on Tuesday with anticipation for major economic data, but finished higher for the month The Dow Jones Industrial Average lost 39.11 or 0.11% to close August at 35,360.73, higher by 1.2%. The S&P 500 decreased by 6.11, or 0.13%, to end …

Oil prices declined on Tuesday, amid increases selling pressures, to end the month with the worst losses since last October. Brent futures for October delivery finished lower by 42 cents or 0.57% at $72.99 per barrel. For the month, Brent futures lost $3.34 per barrel or 4.38% in its worst …

The Vice Chairman of the Swiss National Bank (SNB), Fritz Zurbruegg, said on Tuesday that he expects global interest rates will remain low, Reuters reported. “It is to be expected that the global low interest rate environment will remain unchanged for some time to come.” “Such policy continues to be …