Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Positive trading dominated the movements of the Canadian dollar in the previous trading session, aligning with the anticipated bullish trend and reaching the initial target at 1.3750, marking its peak at 1.3777. From a technical standpoint, a detailed analysis of the 4-hour timeframe chart reveals the pair’s establishment of stability …

japanese-yen

Oil, Crude, trading

US crude oil futures prices experienced significant losses in line with the anticipated negative outlook, reaching the specified official targets at 74.10 and marking its lowest point at $72.22 per barrel. Technically, the pressure from the simple moving averages persists from above, reinforcing the potential continuation of the current downward …

In the preceding two technical reports, we maintained an intraday neutral stance. We highlighted the necessity for price consolidation above 1977 to trigger buying positions, targeting 1983 and 1992. The first target was achieved, reaching its peak at $1988 per ounce. Today’s technical analysis, examining the 240-minute chart, reveals gold’s …

In the recent trading session, the EUR/USD pair made tentative positive moves; however, they remained constrained, leading to a return to stability below the key 1.0870 resistance level. Examining the 4-hour chart from a technical standpoint today, indications point to a bearish shift. The Stochastic indicator reflects a negative crossover, …

The US Dollar Index rose marginally on Thursday, finishing around 104.40, despite weak economic data and the decline in US yields. Economic DataUS Continuing Jobless Claims reached the highest level since 2022, with Initial Claims rising to 231,000. Industrial Production declined by 0.6% in October, exceeding the expected contraction. The …

Bitcoin as well as other cryptocurrencies rallied on Thursday. The most famous cryptocurrency has reached 18-month highs, with analysts expecting more upside if digital assets continue their momentum. At the time of writing, Bitcoin is trading at $36090.The next bitcoin halving in April is expected to reduce the issuance rate …

The USD/JPY pair retraces some of Wednesday’s gains due to US Dollar weakness and a shift to safe-haven assets favoring the Japanese Yen. A short-term bearish bias with a potential deeper pullback if the pair falls below 150.92, with key support levels targeted at 150.32 and 150.00. A recovery above …

US stocks closed mixed on Thursday, with Walmart falling 8% after earnings disappointing. The Dow Jones Industrial Average dropped about 0.1%, while the Nasdaq Composite and the S&P 500 gained near 0.1%. Walmart reported quarterly earnings that topped estimates and raised its annual outlook, but by slightly less than expected. …