Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The British pound incurred strong losses against the Japanese yen, as we expected, touching the official target station 150.60. On the technical side today, the bearish trend is still the most preferred, based on the breach of the support level 152.00/152.10, which is now turned into a resistance level. Therefore, …

The Canadian dollar achieved strong gains during the previous trading session within the expected bullish context, touching the first target of 1.2565 and approaching by a few points at the official station 1.2600, to record its highest level at 1.2592. Technically, with stable intraday trading above 1.2500 and in general …

Oil, Crude, trading

Oil, Crude, trading

Mixed trading dominated gold prices during the previous trading session, to find the price stable between 1797 and 1815. Technically, and carefully looking at the 4-hour chart, we find the 50-day moving average holding the price from below, in addition to the stability of the intraday trading above the strong …

The movements of the euro against the US dollar witnessed a slight bullish tendency, trying to stabilize above the support level of 1.1780, and the pair is now hovering around its highest level during the morning trading of the current session 1.1837. On the technical side today, despite the bullish …

The New York Stock Exchange (NYSE) closed lower on Thursday, with the main indices on Wall Street seeing their worst daily losses since June 18. Rising demand for Treasury bonds and safe haven amid concerns about the rising number of Coronavirus (COVID-19) cases infected mainly with the variants are negatively …

The U.S. Dollar (USD) declined on Thursday, amid rising concerns about the economic rebound and recovery from the coronavirus pandemic. Worries about the rising number of cases in many countries with the spread of new variants of the COVID-19 led to increased selling pressure on the greenback. The Dollar Index …

The Latin American economy is expected to grow by 5.2% in 2021, despite concerns about recovery amid an increase in cases in many parts of the world with the new variants, according to the United Nations (U.N.) Economic Commission for Latin America and the Caribbean (ECLAC). The new forecasts mark …

Oil prices rebounded on Thursday, recovering some of its recent huge losses, after data showed a drop in the U.S. crude oil inventories, despite uncertainty about the future of the OPEC+ output cuts. In addition, markets are seeing rising concerns about the pace of economic recovery and resurgence of the …