Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The current moves of the British pound against its Japanese counterpart are seeing a bearish bias on short time frames after failing to hold a long term above 141.00. The technical side today indicates the possibility of a bearish bias during the coming hours, as a result of the clear …

The Canadian dollar continues its attempts to rally within a bullish corrective context, after finding a strong support floor near 1.2660. Technically speaking, the current movements of the pair are witnessing positive attempts supported by the pair getting positive signals from the RSI to get bullish momentum in short time …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses at the end of last week’s trading within the aforementioned bearish context, in which we relied on confirming the breach of the psychological barrier support level of 1900, surpassing the required target of 1880, to record the lowest at 1817 during early trading for the …

Negative trading dominated the euro’s movements against the US dollar, as we expected touching the official station mentioned in the previous report on Friday at 1.2170, recording its lowest trading during the Asian session at 1.2166. Technically, looking at the 240-minute chart, we find the simple moving averages continue their …

The year 2020 is over, and many hopes that the pandemic will end as well, but the economic impact of the Corona pandemic continues with the lockdowns in most major economies, the path back to pre-pandemic levels is an unpaved road. The greenback is showing some stability with hopes for …

Oil prices continued to be supported by the recent OPEC+ agreement to reduce output, led by Saudi Arabia, and the huge decline in crude inventories in the United States. Brent crude futures for March delivery rose by $1.61, or 3%, to finish the week at $55.99 per barrel, extending its …

Gold prices declined on Friday, seeing their worst daily losses since last November, amid another surge in U.S. Treasury yields and the rebound of the U.S. Dollar (USD). Gold futures for February delivery dropped by $78.20, or 4.1%, and finished at $1,835.40 per ounce. Giving up the $1,900 mark, this …

The Bitcoin rally continued on Friday, as the world’s largest cryptocurrency traded as high as $41,973 earlier today. Bitcoin has now increased by about 40% since the beginning of the year. The biggest digital currency is currently trading around $41,000, up by a little over 5.7%. Bitcoin is showing its …