Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP facing strong resistance 14/4/2023
Oil looking for additional momentum 14/4/2023
Limited positive trading dominated futures prices for US crude oil, colliding with the strong resistance published during the previous technical report at 83.50, which temporarily limited the bullish trend. Technically, by looking at the 4-hour chart, we find negativity features currently dominating the stochastic indicator. We await getting rid of …
Read More »Euro continues to climb 14/4/2023
Yesterday’s session witnessed the positive movements of the Euro-dollar pair, as we expected, heading to touch the first target published during the previous technical report, at 1.1040, to record its highest level at 1.1067. Technically, we continue to suggest the daily bullish direction, relying on the intraday stability above the …
Read More »Luxury goods stocks lead the European Stoxx 600 index to gains
European stocks rose on Thursday, boosted by gains in luxury stocks after a report showed fashion firm LVMH posted strong first-quarter sales and on hopes the Federal Reserve will halt its tightening cycle after lower-than-expected inflation data. The pan-European Stoxx 600 index was up 0.3% by 0710 GMT. The Stoxx …
Read More »Japan’s Nikkei closed higher for the fifth day
The Japanese Nikkei index rose for the fifth consecutive session amid optimism about the recovery of the local retail sector, while financial stocks were affected by recession fears in the United States. The Nikkei index closed 0.26 percent higher, reversing early losses and posting its longest winning streak in more …
Read More »Dow Jones retests support 13/4/2023
Oil, Crude, trading
Read More »CAD continues to be negative 13/4/2023
The Canadian dollar was able to maintain the bearish path, heading to touch the first profit-taking required to be achieved during the previous trading session’s trading at 1.3440, recording its lowest level at 1.3428. From the angle of technical analysis today, we continue to maintain the negative outlook, relying on …
Read More »GBP is making significant gains 13/4/2023
Oil, Crude, trading
Read More »Oil is on the rise 13/4/2023
US crude oil futures prices jumped, continuing to achieve gains during the expected wave of rise during the previous analysis, touching the official target station at 83.20, recording its highest level of $83.50 per barrel. Technically, by looking at the 240-minute chart, we find that oil prices succeeded in achieving …
Read More »Euro is regaining its bullish track, taking advantage of greenback’s decline 13/4/2023
Positive trades dominated the euro-dollar pair to reflect the expected bearish trend during the previous analysis, benefiting from the decline of the US dollar after the appearance of US inflation data. As a reminder, we indicated that closing above the resistance level of 1.0925 can postpone the suggested bearish scenario …
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