Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Pound against the Japanese Yen starts its morning trading with clear negativity and starts pressing on the support level of 153.00. On the technical side, today we tend to the negativity, relying on confirming the pair’s breach of the psychological barrier’s support level, which is now turned to the …

The Canadian dollar succeeded in completing the bullish correction journey, as we expected during all the reports this week, to reach its highest level at 1.2380. Technically, we find the pair succeeded in establishing a good support floor around 1.2300, accompanied by the positive motive for the 50-day moving average, …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses within the expected bearish context during the last analysis, surpassing the official target of the downside at 1825, to record its lowest level at 1767. Technically, and by looking at the 240-minute chart, we see yellow metal has found a good support floor around 1768 …

The European single currency declined noticeably against the US dollar for two consecutive sessions, reaching as low as 1.1890. On the technical side, and with a closer look at the 4-hour chart, we find the current moves are showing some bullish bias but still limited. The simple moving averages continue …

The United States government on Thursday announced a plan to invest more than $3 billion in the research, development, and production of antiviral medicines that could be used to treat the novel coronavirus disease (COVID-19). The plan will reportedly be funded from the American Rescue Plan, which was proposed by …

The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers. The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4. The pair has now declined in two out of the past three sessions, and …

The British Pound (GBP) maintained its downwards trend against the U.S. Dollar (USD) for the third consecutive session on Thursday. A surprise hawkish change in tone by the U.S. Federal Reserve provided support for the greenback, while the Sterling remains impacted by uncertainty regarding easing lockdown measures in the U.K. …

The Euro (EUR) extended its losses against the U.S. Dollar (USD) on Thursday for the second consecutive day. This comes as the USD rose across the board following the U.S. Federal Reserve’s change in tone, expecting rising inflation and two rate hikes in 2023, sooner than previously expected. The EUR/USD …