Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil is Surrounded by Selling Pressure
Euro Hits a Key Resistance Level
We stayed on the fence during the previous technical report due to the conflicting technical signals, explaining that reactivating the buying positions requires breaking the 1.1330 resistance level, which is a catalyst that helps consolidate gains to retest 1.1375/1.1370, recording the highest 1.1380. On the technical side today, the current …
Read More »The Dollar is Falling And The Yen is Jumping After Moderna’s Statements
The dollar fell against other major currencies on Tuesday, and the yen rose to near its highest levels in more than two weeks after the CEO of Moderna Pharmaceuticals told the Financial Times that current vaccines against Covid-19 are likely to be less effective against the new mutant Omicron. Markets …
Read More »The Canadian Dollar Continues to Rise
The Canadian dollar started today’s trading session with an upward bias within the expected positive technical outlook, maintaining the intraday stability above the breached resistance level of 1.2730. Technically, the bullish scenario is still valid and effective, based on the positive motive of the 50-day moving average, which meets around …
Read More »Sterling Maintains The Same Technical Conditions
Oil, Crude, trading
Read More »Oil is Witnessing Mixed Trading
Oil, Crude, trading
Read More »Euro Awaits Pending Orders
Sideways trading dominated the euro’s movements, confined between the support level of 1.1240 and the resistance level of 1.1330. Technically, looking at the 4-hour chart, the simple moving averages are trying to form a support base around 1.1250/1.1240 in conjunction with the RSI getting bullish momentum signals on the short …
Read More »Dollar Rises, Major Currencies Fall After Turmoil Due to Omicron
The dollar rose while the euro fell, and the yen stabilized on Monday as markets calmed after the first shock of discovering a new coronavirus mutant. The mutant Omicron, which was first detected in South Africa, caused global concern, as financial markets fell on Friday, amid fears that its appearance …
Read More »Dow Jones is The Biggest Loser
Oil, Crude, trading
Read More »Canadian Dollar: Bullish Trend is The Most Preferred
The Canadian dollar continues to achieve gains within the expected bullish path, after it managed to establish a solid support floor around 1.2590, touching our target at the end of last week’s trading at 1.2770, recording a high around the resistance of the psychological barrier 1.2800. Technically, the bullish scenario …
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