Noor Trends News, Technical Analysis, Educational Tools and Recommendations

We remained neutral during the previous analysis, explaining that the activation of selling positions depends on confirming that the index has broken the support level of 30,870 so that the price heads to visit 30,710 posting low of 30,776. Technically, and with a closer look at the 60-minute chart, we …

Positive trading dominated the pound’s movements against its Japanese counterpart within the expected upward trend, touching the second target to be achieved, 141.70, posting a high of 142.02. On the technical side, we are positive in our trading, relying on the positive motive of the 50-day moving average, in addition …

The Canadian dollar continues its efforts to rise to re-test the 1.2800 resistance level, which it has not yet been able to breach. Technically, the current trading is stabilizing near its lowest level during the early trading at 1.2700, and with a closer look at the chart, we find the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first target to be achieved mentioned in the previous analysis, which is located around the support level of 1837, recording its lowest levels during the previous trading session at 1836. Technically speaking, prices benefited from touching the support level represented by the target of …

The current movements of the euro are witnessing a slightly bullish bias, benefiting from building a base on the support floor of 1.2130, as part of attempts now to retest the resistance level at 1.2230. On the technical side, and with a closer look at the 240-minute chart, we find …

The United States Federal Reserve now has a clearer focus on the American economy’s path to recovery, Reuters reported, citing official sources. There is also optimism that the peaceful transition of power to a new administration on January 20 will help increase government stimulus and the distribution of vaccines, which …

Crude oil inventories in the United States declined by 5.8 million barrels last week, according to the weekly report from the American Petroleum Institute (API). Meanwhile, gasoline stockpiles rose by 1.9 million barrels, while distillate inventories added 4.4 million barrels.

Treasury yields in the United States stabilized on Tuesday, amid increased investors demand after yields rose to their highest levels since March of last year. Return on the 10-year Treasury note remained nearly unchanged at 1.136%. Earlier, it rose to 1.185%. Yield on the 30-year bond rose by 0.3 basis …