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USDCAD 1 HOUR: Double top, then what?
Two rising red lines formed off the low flagged a potential bottom and turn higher, and rising red lines that followed confirmed it.
USDCAD is now testing a potential double top at 1.4138. A break higher puts 1.4200 in play \(with 1.4300 beyond it), while a break below 1.4077 would postpone the risk. .
Support — 1.4077, 1.4052, 1.4014, 1.3942
Resistance — 1.4138, 1.4200, 1.4300
US500 (SP500) DAILY: The case for a bottom
The pause 3 points above key daily support at 7292 (July 29, 2026 low) makes a case for the low being in but, as noted earlier, only confirmed if the lower 7717 high is taken out.
Next step would be to break 7556 (61.8%)Â to neutralize thoughtrs of a retracement. If not, then 7500 will be pivotal.
XTIUSD (WTIUSD) 4 HOUR (CFD): Key support briefly broken
Broke support at 89.56 (on this CFD chart), but the push below 87.19 stalled at 86.59.
A sustained break below 87.19, followed by a fresh low below 86.59, would put 80.00 in play as a potential downside target.
Four-hour downside momentum stays intact below 91.67, the blue line that preceded the new low.
On a bounce, 89.56 is first resistance.
Support — 87.19, 86.59
Resistance — 89.56, 91.67, 92.89
US00 (SP500) 4 HOUR: Retracement or is the low in?
Bounce from 7295 tust took out the 38.2% retracement at 7456. Near-term upside momentum holds above the red line at 7348 with a strong bid while above 7441. but only a break above the blue line at 7717 would fully confirm the bottom is in.
Support — 7441, 7348, 7325, 7295
Resistance — 7500–7506 (50%), 7556 (61.8%), 7600–7605, 7717
NAS100 4 HOUR CFD: Consolidating but itching for more?
Just took out 27298, the top of its consolidation range.
A break higher puts the descending trendline in focus, but only a break above the blue line at 28336 confirms a bottom at 26244.
Below 26640, the low is back in play.
Support — 26640, 26244
Resistance — 27298, descending trendline, 28336, 28909
XAUUSD 4 HOUR: Consolidating with a bid
Consolidating after a fresh test of 4100+ paused again below a key 4155 resistance.
For fresh momentum to build to the upside, 4147 needs to be taken out.
Supports: 4084 (minor unless followed by a 4147 break), 4053, 4026, 4000
Resistance: 4132, 4138, 4147, 4155, 4200
EURUSD 4 HOUR: Downside stalls, back to 1.12
EURUSD is back near 1.1200 after Friday’s break below 1.1136 stalled at 1.1131. It’s still a retracement whi;e below 1.1244. A break above there opens 1.1273, while a break below 1.1131 exposes 1.1104.
Support — 1.1160, 1.1131, 1.1104
Resistance — 1.1200, 1.1244, 1.127
Forex Market Snapshot: USD down
The dollar is softer across the board to start the week with no clear catalyst (other than a bounce in US stocks and soifter oil) after failing to follow through on Friday’s firmer close. The New Zealand dollar leads the move, up 1.14% against the greenback, with the Australian dollar next at 0.52%.
Strongest to weakest vs. the U.S. dollar
1 New Zealand dollar (NZD)
2 Australian dollar (AUD)%
3 British pound (GBP)
4 Euro (EUR)
5Â Canadian dollar (CAD)
6 Japanese yen (JPY)
7 Swiss franc (CHF)
BTCUSD DAILY: Watch 75K
Lower highs (blue lines) keep momentum pointed down, but buyers have stepped in just below 75,000 again.
Support — 75,400 and 75,000 come first. A decisive break below 74,732 opens a large gap to 62,180.
Resistance — Above 76,250 eases pressure, with 80,000 next. Clearing 81,214–81,864 breaks the daily pattern of lower highs.
Newsquawk Week ahead in Focus – 9-13th November 2026: Highlights include US CPI, China inflation, UK GDP, BoJ SOO and NZ elections
Why Online Trading Is Nothing Like a Video Game
Online trading may look a lot like playing a video game. Flashing screens, rapidly changing prices, red and green bars, and the instant gratification of seeing a trade move in your favor can make the experience feel more like entertainment than financial decision-making.
But make no mistake: trading is not a video game, and treating it like one can be an expensive mistake….
Stop-Loss Placement: Why Your Stop Matters More Than Your Entry
Let me start with a statement that may change the way you look at trading: Where you place your stop is more important than where you enter a trade. Understand this concept and your approach to finding trades may change.
…US500 vs. NAS100 (4 HOUR CFDs)
What both have in common are large wicks at the lows and higher lows. In addition, both are currently pivoting round numbers at 7400 and 27000 (more important).
While closes above these levels would be encouraging, it is a long way to turning the focus the other way (e.g. 7505+ and 28000-28336+)
US500 (SP500) 4 HOUR (CFD): Encouraging sign?
The pause just above key daily support (cited here yesterday) at 7292 plus a higher low (2 red lines) are encouraging signs but it would take a move above 7505 to negate the breakdown and raise talk the low is in.
Otherwise, it is either consolidation or retracement as long as the low stays at 7295..
NAS100 (NASDAQ) 4 HGOUR (CFD): Still too early to call a low
While It is too early to say the low is in, downside risk will cool off if it can stay above 27K.
To change the picture, 28K, the 4 hour trendline and 28336 would need to be taken out.
Otherwise, it is consolidation or retracement unless the low is taken out.
USDCAD 4 HOUR: Reversal of fortune
With momentum already turning up pre-jobs data, contrasting reports (US beat, CDA misses) has seen USDCAD extend its high. If 1.4113 is firmly taken out, then 1.4200 comes on the radar. If not, keeps a bid as long as former resistance at 1.3068-82 holds as support.
