Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Positive trading dominated the movements of the pound sterling against the Japanese yen, cancelling the negative outlook, as we expected, and touching the stop loss order published in the previous analysis at 142.20. On the technical side, the current moves are witnessing a bullish bias supported by the positive motive …

The Canadian dollar was able to trade positively during the previous session within the expected bullish path, touching the target of bullish correction, as we expected at 1.2730. Technically speaking, the current movements are witnessing a slight bearish bias, as a result of the stochastic entering the intraday overbought phase. …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold price movements during last Friday’s session, heading to touch the official target at 1838. Technically, gold found a good support floor around 1837, to witness a re-test of 1854. Looking at the 60-minute chart, we find that the 50-day moving average is trying to push the …

Narrow sideways trading is still dominating the euro’s movements against the US dollar, confined from the bottom above the support level of 1.2100 and from above below 1.2200. On the technical side today, we find the pair started its weekly trading on a slight upward slope, trying to benefit from …

The highlight of the week was the inauguration of Joe Biden as the 46th President of the United States. Biden is promising to better handle the Coronavirus crisis in the U.S. through a new plan for distributing vaccines, as well as increased stimulus to help businesses and households alike cope …

Oil prices declined on Friday, as data showed a surprise increase in crude inventories in the United States, and amid the rise of the U.S. Dollar (USD). In addition, the resurgence of the Coronavirus pandemic in many parts across the world has spurred concerns about the recovery of the global …

The Prime Minister of the United Kingdom (U.K.), Boris Johnson, said on Friday that the new variant of the novel Coronavirus, which caused a global pandemic, could be resulting in a higher mortality rate, Reuters reported. However, Johnson noted that studies have shown that the two vaccines that have been …

Gold prices declined on Friday, as the U.S. Dollar (USD) returned to the positive territory scoring some gains against major currencies. However, the yellow metal was able to register weekly gains, supported by the prospects of increased government stimulus spending the United States. Gold futures for February delivery declined by …