Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP/USD: Bullish Momentum Persists, but Caution Advised 16/7/2024
WTI: Downside Potential Amidst Negative Signals 16/7/2024
US crude oil futures prices declined after encountering resistance at the 84.00 psychological level, indicating a potential shift in momentum. Technical Outlook: The current technical outlook is bearish. The price is now trading below the 82.00 support level on the 4-hour chart. The simple moving averages (SMAs) have formed a …
Read More »EUR/USD: Strong Bullish Momentum, Upside Potential Ahead 16/7/2024
The EUR/USD pair continued its upward trajectory, reaching our previously identified target of 1.0915 and peaking at 1.0922 during the first trading sessions of this week. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is receiving sustained positive momentum from the simple moving averages …
Read More »Dow Jones: Bullish Momentum Drives Index Higher 12/7/2024
Oil, Crude, trading
Read More »USD/JPY: Potential for Rebound After Sharp Losses 12/7/2024
japanese-yen
Read More »GBP/USD: Strong Bullish Momentum, Further Upside Potential 12/7/2024
Oil, Crude, trading
Read More »WTI: Bullish Momentum Resumes, Eyes on Further Upside 12/7/2024
US crude oil futures prices rebounded after a brief downward correction, successfully breaking above the 82.00 psychological resistance level and reaching a high of $83.14 per barrel. Technical Outlook: The technical outlook remains bullish, with the 4-hour chart showing a bullish technical structure and the price holding above the 81.80 …
Read More »EUR/USD: Bullish Momentum Gains Strength, Further Upside Potential 12/7/2024
The EUR/USD pair has advanced, reaching our previously identified target of 1.0880 and peaking at 1.0888, confirming the positive outlook outlined in the previous technical report. Technical Outlook: Today’s analysis reveals a strengthening bullish momentum. The pair has broken above the pivotal 1.0840 resistance level (23.60% Fibonacci retracement), which now …
Read More »Market Drivers; US Session: Focus on US Data, Potential Rate Cuts
US Dollar Dives on Soft US Inflation: The US Dollar Index (DXY) plunged to multi-week lows around 104.00 after disappointing Consumer Price Index (CPI) data and falling US yields. This data fueled speculation of the Federal Reserve cutting interest rates as early as September, sending the Dollar tumbling. Today (July …
Read More »German Inflation Eases to 2.5% in June, Confirming Preliminary Data
Germany’s inflation rate cooled down to 2.5% in June, according to the federal statistics office’s final figures released on Thursday. This confirms the initial estimates and marks a decline from the 2.8% year-on-year increase in May. The harmonized consumer price index, which allows for comparison with other European Union countries, …
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