Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP is losing momentum 7/2/2023
Oil is trying to compensate for the losses 7/2/2023
US crude oil futures prices reversed the expected bearish trend published during the previous analysis after prices managed to build on the support of the psychological barrier of 73.00. Technically, the 50-day simple moving average still constitutes an obstacle in front of the price. But, on the other hand, we …
Read More »Euro touching target and hovering around a correction 7/2/2023
Negative trades dominated the movements of the euro-dollar during the first trading sessions of this week, within the expected negative outlook during the previous analysis, touching the official target station 1.0740, recording its lowest level at 1.0709. On the technical side today, by looking at the 240-minute chart, we find …
Read More »Nikkei closes at the highest level in more than 7 weeks
The Japanese Nikkei index closed at its highest level in more than seven weeks on Monday, as the yen’s decline supported shares of automakers and other exporting companies, while shares of trading companies achieved gains supported by earnings expectations. The Nikkei rose 0.67 percent to close at 27,693.65 points, the …
Read More »Dow Jones may witness a temporary decline 6/2/2023
Oil, Crude, trading
Read More »CAD built on support 6/2/2023
The Canadian dollar was able to build on the support at 1.3330, which forced it to rebound to the upside, to succeed in retesting the resistance level of the psychological barrier 1.3400, recording its highest level at 1.3426. Technically, and by looking at the 240-minute chart, we find that the …
Read More »GBP is expected to fall further 6/2/2023
Oil, Crude, trading
Read More »Oil resumes its downward path 6/2/2023
Futures prices achieved significant losses last Friday, as part of the expected downside path during the latest technical report, surpassing the official target station 74.20, recording its lowest level at 73.16. Technically, we tend to be negative in our trading, relying on the confirmation of oil breaking the support level …
Read More »Euro could not hold against the dollar 6/2/2023
The single European currency declined significantly at the end of last week’s trading, as a result of the rise in the US dollar, after the US jobs data, which came out positively, better than market expectations. On the technical side, we indicated during the last report that the infiltration below …
Read More »European stocks fell, affected by the weak profits of US technology companies
European stocks fell on Friday, weighed down by losses in technology stocks, after disappointing overnight earnings for their major US counterparts reignited concerns about global economic demand and the impact of rising interest rates. The pan-European Stoxx 600 index was down 0.5 percent by 0812 GMT. Nevertheless, the index is …
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