Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The movements of the Canadian dollar witnessed a bearish tendency during the trading session last Friday, after several consecutive sessions of rising to hit the 1.2500 resistance level. Technically, despite the bearish bias, we believe that it is still limited, as we find the price is still stable above the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to successfully retest the support level at 1797, within attempts to rebound upwards, to record its highest level during the previous trading session at 1812. On the technical side, trading today remains stable above 1797, 50.0% Fibonacci correction that supports the possibility of a rise, as we …

EURUSD is seeing attempts to rally after it found a good support floor near 1.1780 and despite the rallies, we think it is still limited. Technically, by looking at the 4-hour chart, we find that there is a conflict between the positive motive coming from the 50-day moving average, which …

The past week was full of events, the week began with a public holiday in the United States on Independence Day, and then the events started to follow. Take a comprehensive look at this weekly report. Wall Street The three major US stock indexes rose to unprecedented levels at the …

The main indices of the New York Stock Exchange (NYSE) rebounded on Friday, turning to a third consecutive weekly rise after recent declines, which were mostly due to concerns among Wall Street investors about recovery from the pandemic and the mixed economic data. The Dow Jones Industrial Average gained 448.23 …

The U.S. Dollar (USD) declined on Friday, finishing holiday-shortened the week in losses, amid rising concerns about economic recovery and the resurgence of the coronavirus pandemic with new variants. Mixed economic data also increased worries about the pace of recovery. The Dollar Index (DXY) that measures the greenback against a …

Oil prices continued to rise on Friday for the second consecutive session, as the recent drop in U.S. crude inventories provided support to the outlook despite uncertainty about the OPEC+ agreement, but couldn’t recover all of its weekly losses. Brent Crude futures for September delivery rose $1.43, or 1.93%, to …

Gold prices rose on Friday to maintain its rising trend for the third consecutive week, amid increased demand for safe havens due to concerns about the economic recovery. A decline by the U.S. Dollar (USD) across the board also provided support to the yellow metal amid a decline in the …