Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Nasdaq is facing negative pressure 7/12/2023
Dow Jones awaits temporary decline 7/12/2023
Oil, Crude, trading
Read More »CAD positivity remains 7/12/2023
In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …
Read More »USD/JPY trying to get positive signals 7/12/2023
japanese-yen
Read More »GBP resumes decline 7/12/2023
Oil, Crude, trading
Read More »Oil continues to lose ground 7/12/2023
US crude oil futures prices incurred significant losses yesterday within the expected negative outlook during the previous technical report, touching the targets to be achieved at 70.70, recording its lowest level at $69.13 per barrel. Technically, by looking at the 240-minute time frame chart, we notice continued negative pressure coming …
Read More »Gold is trading cautiously, technical conditions remain the same 7/12/2023
Gold prices are currently exhibiting a persistent negative trend, with limited fluctuations noted in the preceding trading session. Notably, the price has momentarily stabilized below the critical resistance levels of 2035 and, more significantly, 2040. Technically, a scrutiny of the 4-period chart reveals an ongoing negative cross of the simple …
Read More »Euro begins to press the support 7/12/2023
The EUR/USD pair is currently exerting downward pressure on a robust support level, as highlighted in the previous technical report, positioned at 1.0760 and characterized by a descending trend. From a technical standpoint, intraday movements today demonstrate a sustained position below the pivotal resistance of the psychological threshold at 1.0800. …
Read More »Gold rises as the dollar declines, affected by US jobs data and interest rates
Gold prices rose today, Wednesday, December 6, with the decline of the dollar, and US jobs data, which was weaker than expected, reinforced bets on the end of the US Federal Reserve’s monetary policy tightening cycle. Gold rose in instant transactions by 0.2% to $2,023.39 per ounce. US gold futures …
Read More »European stocks rise supported by the mining sector and a rise in the German DAX index
European stocks rose on Wednesday as bets increased that global interest rate hikes had peaked, with the mining sector, a beneficiary of higher metal prices, leading gains while Germany’s DAX index hit a new record high. The European STOXX 600 index rose 0.1 percent by 0809 GMT, while the German …
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