Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar declined significantly yesterday, within the expected bearish context during the previous technical report, touching the official target station at 1.3320, recording its lowest level at 1.3320. From the point of view of technical analysis today, the pair succeeded in breaching the support level of 1.3420. they have …

Oil, Crude, trading

US crude oil futures prices reversed the expected bearish trend during the previous analysis, touching the stop loss order at 71.55, explaining that the price’s consolidation above the resistance above level can turn the daily trend into an upward one, targeting 72.45 and 73.40, recording its highest level at $73.15 …

Throughout several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated gold prices from below 1945 and from above below 1977, explaining that the decline below 1945 is a beginning signal for the resumption of the correctional decline, recording its lowest …

Trading tended to be positive, dominating the movements of the euro-dollar pair within the idea of retesting the resistance, but still limited movements confined from below above 1.0675, and from above below 1.0740. On the technical side today, and with a closer look at the 4-hour chart, we find that …

On Wednesday, the Bank of Canada surprised markets by raising its key rate by 25 basis points to 4.75%, citing persistent excess demand and increasing concerns that inflation could “get stuck” materially above the target. This decision follows the Reserve Bank of Australia’s hike on Tuesday, which also exceeded economic …

Recovery in oil imports could provide some comfort to the oil market. However, the most recent economic data out of China continues to be a concern for the market and could result in lower demand for crude and other commodities and slower-than-expected global oil demand growth this year. The weaker-than-expected …

Arbitrum and ImmutableX started price rallies in response to the SEC’s regulatory crackdown. Optimism completed its Bedrock hard fork earlier today, reducing the Layer 2 solution’s gas fees by 40%. OP, ARB and IMX prices yielded between 3% and 6% gains for holders since Tuesday. In other words, while mainstream …

On Wednesday, US stocks experienced a decline due to a shift away from technology stocks that negatively impacted the Nasdaq. Additionally, profit-taking ahead of key economic and policy events next week caused the S&P 500 to slide. The Dow Jones Industrial Average surged 71.82 points, or 0.21%, to 33,645.1, the …

According to a recent report, some $30bn (£24.2bn) of investment in new UK energy projects is at risk if Labour wins the next election. The report suggests that a Labour government could send a signal to investors that the UK is not a secure destination for new energy projects, deterring …