Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil prices rose Monday, February 15th, to their highest levels in nearly 13 months, as escalating tension in the Middle East stimulated new purchases, while crude received support from hopes that an American stimulus and easing isolation measures would fuel demand for fuel. Brent crude rose $ 1.02, or 1.6%, …

The dollar began the week sitting near a two-week low on Monday (February 15th), as traders doubt whether the recovery from the pandemic in the United States will be as fast as expected. Bitcoin is still volatile, as it fell to the low of $45,914.75, a day after reaching a …

Mario Draghi was sworn in on Saturday as prime minister in Italy, following weeks of an unprecedented crisis in the third economies of the euro area. “I swear to be loyal to the republic,” echoed the former president of the European Central Bank. He was standing in front of President …

Industrial production in Japan decreased by 1.0% m-o-m in December 2020 compared to preliminary estimates that indicated a decrease of 1.6% and after declining by 0.5% in the previous month. This was the second consecutive decline in Japanese industrial output, as the worsening of the Corona pandemic and slowing vaccination …

Positive trading dominated the pound’s movements, ahead of the Japanese yen, to start its first weekly trading on a bullish slope, recording a high of 145.95 during early trading for the current session. On the technical side, today, with trading remaining above the previously breached resistance, which turned to the …

The Canadian dollar reversed the suggested upward correction during the previous analysis, after it hit the first goal of 1.2750, recording a high of 1.2763. Technically speaking, with the pair’s failure to breach the resistance level at 1.2750, in addition to the intraday stability below 1.2710 accompanied by the loss …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a solid support level at our first target mentioned in the previous analysis at 1810, which forced it to rebound again to test the 1830 resistance level. On the technical side today, and with a closer look at the 60-minute chart, we notice the return of the …

Positive trading returned to dominate the euro’s movements against the US dollar after the bearish tendency it witnessed during last week’s moves. Technically speaking, we see the Euro found a good support floor around 1.2080, and the current moves are witnessing an intraday stability above 1.2100. With a closer look …