Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil Breaks Resistance
Euro Touches Goal And the Negativity In Place
The single European currency retreated significantly within the bearish path, as we expected, touching the first expected target located at 1.2065, recording the lowest price of 1.2056. Technically speaking, today, and with a closer look at the 240-minute chart, we find the pair is stable below the broken support level …
Read More »Currencies Overview: Dollar Falls as Demand For Safe Haven Dwindles Due to The Rise in Asian Stocks
The safe-haven dollar weakened on Monday, February 1 st as risk sentiment improved thanks to hopes that retail investors who targeted hedge funds last week turned their sights elsewhere. The US currency fell against most of its counterparts, as Asian stocks rose after four-day losses. The Australian dollar offered the …
Read More »Canadian Dollar: Corrective Bullish Rally Intact
The Canadian dollar succeeded in touching the target of the upside correction mentioned in the previous analysis, located at 1.2880, to record it’s high at 1.2875. Technically speaking, we find that the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a …
Read More »Sterling Pound Continues to Advance
Oil, Crude, trading
Read More »The Downside of Oil Remains
Oil, Crude, trading
Read More »Euro Settled Below Support
Narrow range sideways trades dominate the movements of the euro against the US dollar, capped from the bottom above the minor support level of 1.2100 and from the top below the resistance level at 1.2170. Technically, and with a closer look at the 240-minute chart, we find the pair is …
Read More »Currencies Overview: US Dollar is Winning as Investor Confidence Has Been Shaken by Retail Trading
The dollar won and risk-sensitive currencies fell, after an attack on indebted stocks by hedge funds in the United States dampened investor confidence and boosted demand for safe-haven currencies. Movements in the foreign exchange markets were moderate, as the dollar is still near trading levels it recorded in recent times, …
Read More »Canadian Dollar Touches The Target of Bullish Correction
Positive trading dominated the Canadian dollar within the bullish technical correction, as we mentioned during the previous analysis, touching the aforementioned first correction target of 1.2830, recording its highest level during early trading for the current session 1.2836. Technically speaking, and with the pair’s success in stabilizing, intraday, above the …
Read More »Sterling Pound Facing Strong Resistance
Oil, Crude, trading
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