Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Trading tended to be negative, dominating the Canadian dollar’s movements, approaching by a few points the first target to be touched yesterday at 1.3150, to suffice for recording its lowest level at 1.3160. Technically, the technical outlook is as it is, without change, and with a closer look at the …

Oil, Crude, trading

The support levels published during the previous technical report at 73.80, managed to protect the bullish trend as we expected, which forced the US crude oil futures prices to rebound upwards towards the official target 75.70, recording its highest level at $75.90 per barrel. Today’s technical outlook, and with a …

Gold prices maintained the bullish path within the positive outlook, as we expected, in which we relied on the success of gold prices in successfully retesting the main support level 1945, heading to touch the second target 1976, approaching by a few pips at the third stop 1988, recording its …

The EUR/USD pair reached the first official target required to be achieved during the previous technical report, located at 1.1275, recording its highest level at 1.1275. On the technical side, the main resistance represented by the target 1.1275 was able to limit the bullish bias, which forced the pair to …

EUR/USD was down in late New York trade but overall little changed after failing to breakout of last week’s highs again although hitting 1.12750, the highest since Feb. 2022 although failed to hold bullish above the 61.8% Fibo of the 2021-22 collapse at 1.1271. USD/JPY  was higher after Ueda dashed …

Wall Street’s rally continued apace on Tuesday, with the Dow Jones Industrial Average rising to a 52-week high. Microsoft soared on news about its AI-powered Office tools and its AI alliance with Meta Platforms. META stock rose slightly, while AI chip leader Nvidia kept climbing. Financials continued to rally on …

Chinese real estate developer Evergrande has disclosed losses of $81 billion over 2021 and 2022, underscoring the significant debts that remain a concern for the financial health of the Chinese property sector and the world’s second-largest economy. Evergrande’s total liabilities continued to grow in 2022, reaching $335 billion compared to …

The gold market is experiencing new momentum as prices test new significant resistance levels due to growing expectations that the Fed will cease its tightening cycle following its announcement of its monetary policy decision next week. At the time of writing gold is up by +1.20%; trading at 1977.71 per …

The USD/CHF pair dipped to the 0.8555 low, its lowest level since January 2015. US Retail Sales expanded in June but at a slower pace than expected and investors are confident that the Fed won’t hike past the July meeting.On Tuesday, the USD/CHF slid to its lowest level since January …