Noor Trends News, Technical Analysis, Educational Tools and Recommendations

US crude oil futures experienced a significant decline, hitting the target of $69.65 as mentioned in the previous report, with a recorded low of $69.73 per barrel. The bearish double top pattern on the 4-hour chart continues to exert negative pressure, indicating the potential for the downtrend to persist. As …

Gold prices surged, reaching the target set in the previous technical report at $2677 per ounce during morning trading. The simple moving averages continue to support the potential for further upward movement, with the 14-day momentum indicator signaling a continuation of the trend as long as prices remain above the …

The EUR/USD pair continued its decline, as anticipated in the previous technical report, hitting the target of 1.0880 and recording a low of 1.0878 during the morning session. Today’s analysis suggests the downward trend may persist, with negative pressure continuing from the simple moving averages, supporting the decline. The bearish …

Bitcoin’s price climbed on Wednesday, nearing a 2-½ month high, fueled by optimism that the 2024 U.S. elections could bring more favorable regulations for cryptocurrencies. The digital asset has also benefited from improving capital inflows, adding momentum to its upward trend. The world’s largest cryptocurrency appears to have broken free …

Gold prices remained steady near record highs during Asian trading on Wednesday, recovering some recent losses as traders continued to bet on further interest rate cuts by the U.S. Federal Reserve. After hitting record highs in September, gold has since traded within a narrow range of $2,600 per ounce, with …

Analysis indicates a lack of demand-side pressure within the current Bitcoin price range. The Binary CDD metric, which measures the expenditure of holding time, reveals that long-term investors remain relatively inactive. This suggests that investor attention and new demand inflows have not seen a significant resurgence year-to-date.The lack of demand …

A mildly positive session left the US Dollar trading near recent levels. Amidst a global decline in yields, market participants remained focused on signals from Federal Reserve officials regarding the potential trajectory of interest rates.Key points for Wednesday, October 16:US Dollar Index (DXY): The DXY hovered near the upper end …

Gold prices experienced a significant uptick on Tuesday, October 15, 2024, as the yield on US 10-year Treasury notes retreated. This decline, coupled with a weaker US Dollar, made gold more attractive to investors seeking a safe-haven asset.The primary catalyst for gold’s surge was the decrease in US Treasury yields. …

Oil prices dropped over 4% on Tuesday due to a weaker demand outlook and reduced concerns about a potential Israeli strike on Iranian oil facilities. Both OPEC and the IEA have lowered their global oil demand growth forecasts for 2024.Hedge funds are unwinding their net long positions in oil futures.Crude …

U.S. Treasury yields have been on a downward trajectory, influenced by a combination of domestic economic data and recent statements from Federal Reserve officials, notably those suggesting a more aggressive pace of interest rate cuts in the coming period.The yield on the 10-year Treasury note declined to 4.032%, compared to …