Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The German DAX maintains the bullish trend within a gradual rise to the upside, with a long point difference of 13225 target, reaching a high of 13205. Technically, with the index being able to build on the support floor 13030/13035, which was accompanied by a positive stimulus for the 50-day …

The Dow Jones index tipped positive in the previous session, surpassing the required target of 29830, to hit a high of 29893. Technically, we tend to be positive, depending on the index based above 29180, with the index continuing to receive a positive stimulus from the 50 moving average over …

The Pound retreated against its Japanese counterpart, nullifying the expected positive outlook, approaching the stop loss order published in the previous analysis, at 137.00, posting a low of 137.18. Technically speaking, we tend to be negative in our trading, relying on intraday trading below 137.65, in addition to losing the …

The Canadian dollar retreated, maintaining the negative bias, heading to touch the first target to be achieved, located at 1.3045, posting low at 1.3034. Technically speaking, we are biased towards the intraday positivity, depending on the pair’s consolidation above the 1.3030 support floor, in addition to the positive motive for …

The British Pound touched the target to be achieved in the previous report, located at 1.3300, to hit its highest level at 1.3310. Technically, the pair collided with the psychological resistance level represented by our target 1.3300 but couldn’t consolidate above it. The current movements are witnessing a bearish bias …

Oil, Crude, trading

Negative trading dominated the movements of the yellow metal within the bearish path as we expected, touching the first target to be achieved at 1864, its lowest level in 1863. From the angle of technical analysis today, and with a closer look at the chart, a 4-hour interval, we find …

The single European currency continues to move within a positive sideways range, within a gradual rise to the upside, posting a high at 1.1891. Technically, we find the euro facing hard time in breaching the 1.1880 resistance level and stabilizing above it, and with a closer look at the 4-hour …

Large-scale distribution of Coronavirus vaccines, coupled with the current monetary easing policy by the United States Federal Reserve could lead the US Dollar (USD) to weaken by as much as 20% in 2021, according to a recent report by Citibank, Reuters reported. “When viable, widely distributed vaccines hit the market, …

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Wednesday in an interview with Yahoo Finance that the Fed will continue with its policy accommodation through monthly bond purchases. “Every month we engage in those asset purchases is more stimulus.”“That’s a lot of support to the …