Noor Trends News, Technical Analysis, Educational Tools and Recommendations

WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …

In our previous report, we highlighted potential targets of 2374 and 2388 for gold, which successfully reached a high of $2391 per ounce. While a minor pullback occurred due to overbought conditions, the technical outlook remains bullish. Key Technical Signals: Support Holds: The 2353 support level effectively limited the recent …

The EUR/USD pair reached our anticipated target of 1.0845 in the previous week, signaling a continuation of its upward trajectory. Technical analysis of the 4-hour chart reveals several factors supporting this bullish outlook: Key Technical Signals: Resistance Breakout: The pair has decisively broken through the psychological resistance level of 1.0800, …

The new trading week began with some respectable gains for the dollar, which shed some of its NFP-related weakness and gained some new momentum in reaction to the risk complex’s widespread knee-jerk. While this was going on, investors were processing the results of the French snap elections and progressively turned …

The French legislative elections drew mixed reactions from European fundamentalists, despite the fact that the results suggested the far right would not win power and therefore lower the risks associated with the political trend’s renowned economic ideas.By the end of the new trading week’s first day, the euro was up …

The third plenum of the 18th Central Committee of the Chinese Communist Party in November 2013 marked a turning point in China’s population policy. The policy blueprint ended the country’s one-child policy, allowing couples to have a second child if either parent was an only child. This marked a watershed …

The Bitcoin price is expected to skyrocket this week, as it struggles to sustain dominance at critical support levels. The selloff rally was gaining momentum, and the broader market sentiment has been fearful. However, some hope of a bullish reversal is starting to light up with lower price rejections and …

In a preview of its Q2 results, the U.S. supermajor ExxonMobil said on Monday that it expects greater upstream profitability for the second quarter of the year compared to the first quarter of the year, perhaps reaching $700 million.Although there could be an additional $700 million in upstream earnings due …

Inflation has been a significant factor for the price of gold, with the Federal Reserve raising interest rates to combat it and keeping rates higher for longer for the same purpose. Gold prices have been strong, reaching a record high of over $2,400 in May, and have since fallen slightly …

By the end of the first day of the new trading week, the euro was up because of the French election results, which revealed that the economy was moving away from the extreme right’s grip.The far right, which had won the first round, was content with third place, while the …