Noor Trends News, Technical Analysis, Educational Tools and Recommendations

In the Asian trading session on Tuesday, gold prices experienced a slight dip, although they maintained a position above crucial support levels. This trajectory unfolded amidst a prevailing cautious sentiment towards precious metals, particularly in anticipation of a pivotal Federal Reserve meeting slated for later in the week. Gold’s Resilience …

The Canadian dollar’s movements during the previous trading session followed an upward trend, with the currency breaking through the resistance level at the psychological barrier of 1.3500 and reaching a peak of 1.3543. Today’s technical analysis suggests a positive outlook, with a preference for stability above 1.3500 and support from …

japanese-yen

Oil, Crude, trading

Yesterday, US crude oil futures prices surged as anticipated in the previous technical report, reaching a peak at $82.46 per barrel. From a technical standpoint, our trading bias remains positive, supported by the consistent movement within the upward price channel. Additionally, the presence of the simple moving averages and the …

Gold prices experienced mixed trading during the first trading session of the week, testing the main support level around 2145 and maintaining positive stability above it. From a technical perspective, examining the 4-hour time frame chart reveals that gold remains stable above the previously breached resistance, now acting as a …

The EUR/USD pair faced strong selling pressure near the 1.0960 resistance level, leading to negative trades and a return to stability below the psychological barrier of 1.0900. From a technical perspective today, examining the 4-hour time frame chart reveals a bearish technical formation supporting the potential for further decline, along …

Positive signs emerged from the US housing market as both Housing Starts and Building Permits in February surpassed expectations. This data bolstered the US Dollar Index (DXY) which climbed to its highest point since early March, currently hovering around 104.00; specifically 0.05% up at 103.836.All eyes are now on the …

The US Dollar kicked off the week on a strong note, fueled by rising US Treasury yields and diminishing expectations of an interest rate cut by the Federal Reserve in June. This greenback surge weighed on riskier assets, pushing the Euro (EUR/USD) below 1.0900, a multi-day low.The Dollar Index (DXY) …

Standard Chartered raised anticipation regarding Bitcoin’s price during the remaining months in 2024, the bank sees the new estimate on the back of exchange-traded funds, broadly known as ETFs, driven positive market conditions. The bank previously predicted that Bitcoin could hit $100,000 by year-end. The current estimate is even higher …