Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures within both the bullish and bearish paths, with the beginning of this week’s trading recording a high of 80.00, then quickly returning to the bottom, recording a low of around 78.60. On the technical side today, the current movements are …

Gold prices jumped at the beginning of this week’s trading, achieving significant gains, surpassing the official target mentioned last Friday at 1910, recording its highest level at $1929 per ounce. Technically, by looking, we find the 1930 resistance level that formed an obstacle in front of the price to force …

Movements tending to be positive were quiet during the US markets holiday, for the EUR/USD pair to benefit from the support level of 1.0780, trying to maintain the bullish context, as the current movements witness intraday stability above the psychological barrier of 1.0800. Technically, and by looking at the 240-minute …

A significant amount of optimism seemed to weaken at the beginning of this quiet week, with US markets closed observing Martin Luther King holiday. The dollar managed to recover ahead of the daily close but ended the day with modest gains against most major rivals, and it is still at …

Bitcoin’s famous Fear and Greed Index moved into the neutral territory over the weekend following several months of persistent fear. On Tuesday, Bitcoin was trading up 2.2% on the day at $21,165m, before sliding to $21138.00, up by (+1.21%) at the time of writing versus the previous closing price of …

The NZD/USD pair is flat into the early close on Wall Street. Traders will look to the Q4 NZIER QSBO survey. The pair moved between a low of 0.6361 and a high of 0.6426, currently flat on the day hovering near its strongest levels in a month.The NZD benefitted in …

WTI crude oil retreated below the $80 level and is trading at $79.08 versus the previous closing price of $80.24 per barrel at the time of writing despite the positive comments by UAE energy minister on the sidelines of Atlantic Council’s Global Energy Forum in Abu Dhabi over the weekend.UAE …

Gold prices are expected to rise towards record highs above $2,000 per ounce this year, with a little turbulence, as the United States slows the pace of rate hiking and eventually stops increasing them, according to industry analysts.Spot prices of the precious metal have shot above $1,900 an ounce, surging …

European Central Bank Governing Council member Olli Rehn said frontloading interest-rate increases to eliminate inflation could mean that ECB’s policymakers do not have to take even more drastic action down the line.“By acting swiftly now, we should be able to avoid what is often called a ‘Volcker shock’,” he said …