Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil is Facing Temporary Negative Pressure
Euro Begins The Week on Upside
The single European currency was able to maximize its gains against the US dollar within the expected upward path, heading for touching the second official target of the current bullish wave at 1.1970, its highest level during the Asian session for the current week at 1.1974. Technically Speaking, and with …
Read More »Dollar Declining And Heading For Weekly losses. AUD and NZD Climbing
The dollar fell in early trading in London on Friday and is heading to suffer a weekly loss against a basket of currencies, even though the stock market lost momentum as sentiment hurt from doubts about the AstraZeneca vaccine for Covid-19. The dollar has lost more than 2.2% since the …
Read More »Canadian Dollar: Negative Pressure Still Intact
The technical outlook remains unchanged, and the pair’s movements have not changed significantly for the second session in a row, maintaining negative stability. Technically, and with a closer look at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition to …
Read More »Crude Oil Made A Minor Correction to The Upside
Oil, Crude, trading
Read More »Euro Continues to Rise Gradually
The single European consolidated its gains against the US dollar, continuing its gradual rise to the upside. On the technical side, with the pair moving inside the bullish price channel shown on the chart, in addition to the positive stimulus from the simple moving averages. This encourages us to keep …
Read More »Dollar Declining With Warnings of a Further Decline
The dollar fell on Thursday, November 26, as negative US economic data and optimism about coronavirus vaccines prompted investors to turn to more risky currencies associated with global commodities and emerging markets. The British pound traded near its highest level in more than two months against the dollar, as investors …
Read More »Dollar Declining as Investors Seek High-Risk Assets
The dollar suffered losses on Wednesday, November 25, due to progress in developing a vaccine for the Coronavirus and expectations of financial support from the new US government that led to the transfer of funds from the dollar to high-risk assets. The US currency recorded its lowest level in two …
Read More »Canadian Dollar: Negative Pressure Still Intact
The pivotal resistance levels published during the previous analysis, located at 1.3110, managed to limit the bullish tendency and forced the pair to retreat again to touch the target published in the previous analysis, 1.3040, posting a low of 1.3043. Technically, we tend to be negative in our trading, relying …
Read More »Crude Oil At Highest Level in Several Months
Oil, Crude, trading
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