Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar has continued its bearish trajectory, encountering strong resistance near the 1.3730 level, prompting renewed negative trading for the pair. From a technical standpoint, the 240-minute timeframe reveals the persistence of bearish technical patterns, reinforcing the overarching daily downtrend. Additionally, the ongoing formation of simple moving averages continues …

japanese-yen

Oil, Crude, trading

In the latest technical analysis, we maintained a neutral stance due to conflicting signals in the market. However, the continuation of a downward trend hinges on US crude oil futures prices remaining below the pivotal resistance level of $83.90, which saw a peak at $83.67 per barrel. Examining the 4-hour …

The rise in gold prices that began during the previous trading session stopped when the price collided with the 2335 resistance level, forcing it to trade within the negative range. From the angle of technical analysis today, by looking at the 240-minute time frame chart, we find the price stable …

In the latest update, the EUR/USD pair encountered resistance at the previously mentioned level of 1.0715, hindering its upward momentum. Currently, the pair is hovering around the psychological barrier of 1.0700. Analyzing the technical indicators, the upward trend remains constrained, with the Stochastic indicator signaling negativity. Furthermore, the pair continues …

Spinney’s in the UAE and Oman, giant retail series, is planning to obtain financing worth $375 million through an initial public offering of about 25% of its shares, per Reuters.The indicative price per share ranges from 1.42 UAE dirhams to 1.53 UAE dirhams, which may result in financing that may …

Since last halving, i. e. halving Bitcoin mining rewards, the world’s most popular cryptocurrency has been showing a great deal of strength and momentum due to the upbeat effect of this technological process that is repeated approximately every four years.The largest cryptocurrency, in terms of transaction volume, was halved on …

Buoyed by market demand in the safe haven metal, gold prices have embraced the task of recovering from recent losses amid a stronger US dollar and rising US Treasury yields. The market became more stable as a result of the Middle East tensions de-escalating, which also reduced demand for gold …

EUR/USD posts modest gains near 1.0700, benefiting from early Thursday’s weaker US dollar. Orders for US durable goods grew 2.6% MoM in March compared to a previous gain of 0.7%; Core goods rose by 0.2% MoM, which was less than anticipated. The ECB’s dovish posture, which maintains its intention to …