Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones touches the targets 9/6/2023
CAD: Negative pressure is in place 9/6/2023
The Canadian dollar declined significantly yesterday, within the expected bearish path during the previous technical report, as the support level of 1.3350 succeeded in limiting the bearish bias. Technically, the pair breached the support level of 1.3420 and turned into a resistance level. The simple moving averages continue to pressure …
Read More »GBP gains against USD 9/6/2023
Oil, Crude, trading
Read More »Oil suffers great losses 9/6/2023
We adhered to intraday neutrality during the previous technical report, explaining that we are waiting for the pending orders to be activated. We explained that breaking 71.55 leads oil prices to a bearish solid path with a target of 70.10, recording its lowest level at $69.10 per barrel. Technically, the …
Read More »Euro breaching the resistance 9/6/2023
After several successive sessions in which the sideways movements dominated the Eurodollar pair from below 1.0665 and above 1.0770, we find that the pair started to get positive signs, attacking the main resistance level of the current trading level of 1.0770. On the technical side, we indicated during the previous …
Read More »US Dollar extends decline following initial job claims data
The US Dollar has weakened against its major rivals on Thursday after the US Department of Labour announced that there were 261,000 Initial Jobless Claims last week. The Dollar Index, which gauges the USD’s valuation against a basket of six major currencies, stays deep in negative territory below 103.50. According …
Read More »European stocks open lower on interest rate concerns, and Novartis shares rise
European stocks fell on Thursday, affected by the decline in technology stocks, which are sensitive to interest rate movements, on expectations that large central banks will continue to raise interest rates, but the gains of the Swiss healthcare group Novartis contributed to limiting losses. And by 0715 GMT, the European …
Read More »Dow Jones is making good gains 8/6/2023
Oil, Crude, trading
Read More »CAD: touches the target 8/6/2023
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 …
Read More »GBP trying to recover 8/6/2023
Oil, Crude, trading
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