Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street, posting its highest level at 30,526. On the technical side, we see the RSI stable above the 50 midline, trying to obtain more bullish momentum, and the simple moving averages support the upside. From here, with …

The pound’s current moves against the Japanese yen are witnessing a downward slope after a failure to hold a long time above the 141.00 level. On the 60-minute time frame, we see the RSI indicator gradually losing the bullish momentum, accompanied by clear negative signs on Stochastic. From here, with …

The Canadian dollar continues to achieve gains against its US counterpart, to find the pair now hovering around the psychological barrier support level of 1.2700. Technically, we see that the simple moving averages continue to support the bearish curve, but we find the stochastic trading around oversold areas. Although the …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal opened its first annual and weekly trades with a strong bullish bias, continuing to achieve gains, to record its highest level during the early trading of the current session 1925. Technically, and by looking at the 240-minute chart, we see a strong bullish momentum coming from the …

Positive trading dominated the EUR/USD with the conclusion of last year’s dealings, touching the psychological barrier of 1.2300. Technically speaking, and with a closer look at the 60-minute chart, we find the euro stable above the support floor of 1.2200, and the 50-day moving average continues to hold the price …

Gold futures rose on Thursday, finishing a year of strong gains that came on the back of increased demand for the safe haven amid the Coronavirus pandemic and the decline of the US Dollar (USD). Gold futures for February delivery rose by $1.70, or 0.1%, failing to close above $1,900, …

The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines. Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong …

Treasury yields in the United States declined on Thursday, the last trading session of 2020. The 10-year Treasury note yield decreased by one basis point to 0.916%. Return on the 30-year bond went down by 1.4 basis points to 1.648%. Meanwhile, the two-year note yield fell by 0.4 basis point …