Trade Nation

US equities lost momentum yesterday, with the S&P 500 falling -0.53%, snapping a three-day winning streak as renewed US-China trade tensions, weak corporate earnings, and continued government shutdown worries weighed on sentiment. Key Drivers: Trade concerns dominated after reports that the Trump administration is considering export restrictions to China on products containing or developed with US software, in retaliation for China’s rare earth export limits. This escalation hit semiconductor and tech stocks, with the Philadelphia Semiconductor Index down -2.36%. Later, more conciliatory comments from Trump—suggesting a deal with China was still possible—helped stem deeper losses but failed to lift markets meaningfully. Oil prices were the exception, with Brent Crude rising above $64/bbl after the US imposed new sanctions on Russia’s largest oil producers, intensifying pressure on global energy markets. Gold continued its slide, falling another -0.65%, following Wednesday’s sharp selloff. Corporate News: Tesla shares came under pressure after profits plunged despite record sales, as rising costs hit margins. CEO Elon Musk used the earnings call to defend his proposed $1 trillion pay package. Broader earnings sentiment weakened amid several disappointing results, adding to the cautious tone. Global Developments: In Canada, Prime Minister Mark Carney announced a plan to diversify exports away from the US and attract skilled immigration, signaling shifting trade dynamics in North America. Outlook for Today: Markets are expected to open on a cautious note, with traders monitoring fresh earnings releases and US data for signs of resilience. The S&P 500’s near-term direction will likely hinge on whether confidence improves around trade and earnings, or if risk aversion continues to build into the weekend. Key Support and Resistance Levels Resistance Level 1: 6720 Resistance Level 2: 6755 Resistance Level 3: 6765 Support Level 1: 6645 Support Level 2: 6590 Support Level 3: 6560 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

The ADAUSD remains in a neutral trend, with recent price action indicating a corrective pullback within the broader trading range. Support Zone: 5,916 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 5,916 would confirm ongoing upside momentum, with potential targets at: 6,830 – initial resistance 7,090 – psychological and structural level 7,260 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 5,916 would weaken the bullish outlook and suggest deeper downside risk toward: 5,640 – minor support 5,395 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the ADAUSD holds above 5,916 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

The ETHUSD remains in a neutral trend, with recent price action indicating a corrective pullback within the broader trading range. Support Zone: 3,600 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3,600 would confirm ongoing upside momentum, with potential targets at: 3,960 – initial resistance 4,077 – psychological and structural level 4,190 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 3,600 would weaken the bullish outlook and suggest deeper downside risk toward: 3,520 – minor support 3,440 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the ETHUSD holds above 3,831 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

The BTCUSD remains in a neutral trend, with recent price action indicating a corrective pullback within the broader trading range. Support Zone: 102,750 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 102,750 would confirm ongoing upside momentum, with potential targets at: 110,560 – initial resistance 111,943 – psychological and structural level 113,000 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 102,750 would weaken the bullish outlook and suggest deeper downside risk toward: 101,700 – minor support 100,800 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the BTCUSD holds above 102,750 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

Markets extended their rally yesterday, with the S&P 500 up 1.07%, closing just shy of record highs, while 30yr US Treasury yields fell to a 6-month low of 4.57%. The upbeat tone was driven by positive trade headlines, reduced shutdown fears, and lower oil prices — Brent crude slipped to $61.01/bbl, its lowest in five months, easing inflation concerns. The key catalyst was optimism that the US and China will avoid new 100% tariffs due to take effect on November 1, after President Trump signalled confidence in reaching a “fair and great” trade deal following upcoming meetings. In political news, Sanae Takaichi became Japan’s first female prime minister, a historic move likely to bring policy continuity with a conservative tone. Elsewhere, Amazon Web Services resolved a 15-hour outage, underscoring global dependence on its infrastructure but with limited lasting market impact. Overall tone: Risk appetite improved, supported by easing inflation pressure and trade optimism. Focus today shifts to earnings (Netflix, GE, Coca-Cola, etc.), Canada CPI, and ECB speakers, as investors gauge whether the rally can sustain into mid-week. Key Support and Resistance Levels Resistance Level 1: 6754 Resistance Level 2: 6766 Resistance Level 3: 6783 Support Level 1: 6696 Support Level 2: 6670 Support Level 3: 6645 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

The Gold remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 4203 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 4203 would confirm ongoing upside momentum, with potential targets at: 4365 – initial resistance 4420 – psychological and structural level 4450 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 4203 would weaken the bullish outlook and suggest deeper downside risk toward: 4160 – minor support 4114– stronger support and potential demand zone Outlook: A bullish bias remains intact while the Gold holds above 4203. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

The ADAUSD remains in a neutral trend, with recent price action indicating a corrective pullback within the broader trading range. Support Zone: 5,916 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 5,916 would confirm ongoing upside momentum, with potential targets at: 6,830 – initial resistance 7,090 – psychological and structural level 7,260 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 5,916 would weaken the bullish outlook and suggest deeper downside risk toward: 5,640 – minor support 5,395 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the ADAUSD holds above 5,916 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.Oversold bounce back to retest first resistance at 6,830.

The ETHUSD remains in a neutral trend, with recent price action indicating a corrective pullback within the broader trading range. Support Zone: 3,600 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3,600 would confirm ongoing upside momentum, with potential targets at: 3,960 – initial resistance 4,077 – psychological and structural level 4,190 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 3,600 would weaken the bullish outlook and suggest deeper downside risk toward: 3,520 – minor support 3,440 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the ETHUSD holds above 3,831 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.Gap up and a spike to retest resistance 2 at 4,077.

The BTCUSD remains in a neutral trend, with recent price action indicating a corrective pullback within the broader trading range. Support Zone: 102,750 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 102,750 would confirm ongoing upside momentum, with potential targets at: 110,560 – initial resistance 111,943 – psychological and structural level 113,000 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 102,750 would weaken the bullish outlook and suggest deeper downside risk toward: 101,700 – minor support 100,800 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the BTCUSD holds above 102,750 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.Oversold bounceback, gap up and retest of resistance 2 at 111,943.

The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend. Support Zone: 4260 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 4260 would confirm ongoing upside momentum, with potential targets at: 4400 – initial resistance 4450 – psychological and structural level 4500 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 4260 would weaken the bullish outlook and suggest deeper downside risk toward: 4200 – minor support 4160 – stronger support and potential demand zone Outlook: A bullish bias remains intact while the Gold holds above 4260. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.