Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil Continues to Achieve Bullish Goals
Euro Settled Below Support And May Experience a Gradual Decline
The technical outlook is unchanged, and the pair’s movements did not change for the second consecutive session, amid quiet trading that dominated the movements of the single European currency against the US dollar. The current movements are witnessing attempts to recover, but still limited. Technically, and with a closer look …
Read More »Cautious Trading on The Dollar Due to Uncertainty About The Fed Meeting
The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …
Read More »Canadian Dollar: Maintains The Bullish Corrective Slope
The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the bullish corrective slope within the expected bullish context. Technically, by looking at charts, we find the pair succeeded in building support at 1.2100/1.2090, accompanied by positive signs from the RSI gaining more bullish momentum. Therefore, …
Read More »GBP: Continued Decline Still Intact
Oil, Crude, trading
Read More »Crude Oil May Face Temporary Negative Pressure
Oil, Crude, trading
Read More »Euro is Stable Below Support And Attempts to Recover Are Limited
Quiet trading dominated the movements of the single European currency against the US dollar during the previous session so that the current movements witnessed attempts to recover, but there are still limited attempts. Technically, and with a closer look at the 60-minute chart, we find that the RSI is trying …
Read More »The Dollar Rises in an Important Week For The Markets
The dollar maintained its gains today, after recording the largest weekly gain in six weeks, as traders cut bets on the currency’s decline ahead of the upcoming Federal Reserve meeting, which may indicate future changes in US monetary policy. The US central bank begins a two-day policy committee meeting tomorrow, …
Read More »Canadian Dollar: Touching The Target of The Bullish Corrective Slope
Positive trading dominated the movements of the Canadian dollar during the previous trading session, touching the target of the bullish corrective slope published during the previous analysis at 1.2170, to record its highest level at 1.2177. Technically, and with careful consideration of the chart, we find that the pair succeeded …
Read More »The Pound Presses The Support And Confirms The Break
Oil, Crude, trading
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