Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar intraday movements witnessed a modest bearish bias after several consecutive sessions of ascending within the bullish correction, which touched 1.2410. Technically, the current trading is stable intraday below the resistance level of 1.2330/1.2340, 50.0% Fibonacci level, with the simple moving averages pressuring the price from above. Therefore, …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated gold’s movements during the early trading of the ongoing session, attacking the resistance level of 1800, a psychological barrier, to reach the top of 1802. Today’s technical analysis indicates the possibility of continuing the rise, with the price breaking through the 1797 resistance level, 50.0% correction, in …

The single European currency kicked off the weekly trading on a slightly bullish slope, aiming to retest the resistance level 1.1880/1.1890. Technically speaking, the 4-hour chart shows that the stochastic is trading around overbought levels, with trading stabilized below the 1.1880/1.1890 resistance level, 61.80% Fibonacci level. Therefore, the bearish scenario …

Goldman Sachs predicts that England will win the Euro 2020 football tournament, according to recent reports about the bank’s probability model, CNBC reported. The model shows England’s chance of qualifying to the final is 57.7% and 31.9% in winning the cup, followed in the latter by Spain and Italy with …

Bitcoin declined on Monday by about 5% to $33,857, erasing most of its recent gains, amid relatively thin trade with the U.S. on a holiday with a long weekend, celebrating Independence Day. The world’s biggest cryptocurrency in terms of market capitalization dropped by 41% during the second quarter (Q2) of …

Oil prices surged on Monday, for the fifth consecutive session, with markets anticipating the outcomes of the ongoing OPEC+ negotiations regarding output cuts. Brent crude futures for September delivery gained 99 cents, or 1.30%, to close at $77.16 per barrel, to log a new highest closing level since October 29, …

China continues with severe measures against tech platforms, especially U.S.-listed firms, after the removal of Didi Chuxing from Chinese app stores. Authorities in Beijing have reportedly announced investigating Boss Zhipin, Yunmanman, and Huochebang, the Financial Times reported. It is worth pinpointing that Didi Chuxing is considered China’s biggest ride-hailing company. …

European stocks finished higher for the third consecutive session on Monday, rebounding from earlier losses to begin the week with a positive performance, despite concerns about the new variants of the coronavirus. The pan-European STOXX 600 index rose by 1.55 points, or 0.34%, to close at 458.36 points. This marked …