Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar found a good support floor around the 1.3500 level, which succeeded in reducing the bearish tendency, and the current movements of the pair witness attempts to recover and hover near its highest level around 1.3560. From the point of view of technical analysis today, we are leaning …

japanese-yen

Oil, Crude, trading

Negative dynamics prevailed in the prices of US crude oil futures contracts during the previous session, aligning with the anticipated bearish outlook outlined in the prior technical report. The market reached the initial target of $74.10 and neared, within a few points, the official station of $72.35, marking its lowest …

Gold exhibited erratic movements during the previous trading session, fluctuating between upward and downward directions. It reached a peak around $2,148 per ounce, only to experience a significant decline, concluding the session near $2,029. From a technical standpoint today, observing the 4-hour chart reveals that the price has stabilized below …

Negative trends dominated the initial trading sessions of the week for the Euro/Dollar pair, exerting downward pressure on the 1.0860 support level and reaching a low of around 1.0840 in the early stages of the current session. From a technical analysis perspective today, a closer look at the 240-minute time …

Oil prices fell on Monday due to traders’ wait-and-see attitude towards OPEC and its allies’ plans to cut production in the first quarter of 2024. Fears of a drop in demand also put pressure on prices. Brent crude futures settled down 85 cents or 1.08% at $78.03 a barrel, while …

On a turbulent day, the US Dollar Index increased on Monday, closing at its highest level since November 23. The Greenback recovered during a reversal in commodities and higher Treasury yields, after beginning the week under pressure. Shortly before important US data, the DXY increased from around 103.00 to 103.80.The …

Investors were hoping for a spot BTC ETF approval in January over the weekend. Altcoins such as Axie Infinity’s AXS tokens, ApeCoin’s APE, and Enjin Coin’s ENJ have all seen a surge in value since the release of the GTA 6 trailer. Illuvium’s ILV token and Aptos’ APT token, which …

Australia’s central bank is about to restart a pause in rate hikes as new data indicates that inflation and home price growth are slowing down, supporting earlier tightening. Most economists predict that the Reserve Bank of Australia (RBA) will maintain its cash rate at a 12-year high of 4.35% on …