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Technical analysis

Cramer's Corner: Daily Technical Update

Kim Cramer Larsson
Technical Analyst, Saxo Bank

Summary:  Cramer’s Corner: Daily Technical Update

Kim Cramer Larsson hosts the Daily Technical Update, a daily 8-10 minute video with live charts.
Kim takes you through the latest technical developments in financial markets, covering everything from the major stock indices, widely traded single stocks, commodities, currencies and interest rates

In today’s Technical Update:

  • Disney closed below 106.80, further downside potential
  • S&P 500 Above resistance at 5,146. RSI still negative
  • Nasdaq 100 above 17,808 key resist. RSI not confirming uptrend
  • EuroStoxx50 testing resist at 5,053, Key support at 4,888
  • DAX. Bullish potential to 19K
  • AEX25 Bullish likely move to 908
  • CAC40 testing resistance at 8,126
  • SMI20 key resistance at 11,595
  • Time 4.56
  • EURUSD  resuming downtrend support at 1.0646
  • GBPUSD has resumed downtrend after correction. Likely push to 1.2371. Support at 1.2466
  • JPY pairs correction over rebound across the board
  • USDJPY bouncing from 0.618 retracement. Likely bullish move to 157
  • EURJPY bounced from 0.786 retracement. Potential to 168.75
  • AUDJPY rebounded to 0.50 retracement.  
  • GBPJPY bouncing from rising trendline. Reversal pattern
  • AUDUSD bearish likely push to 0.65 and lower
  • USDCAD strong rebound. Now upside potential to 1.39
  • USDCHF key support at 0.90
  • Dollar Index above 105.27, next resist at 106.33
  • Time 9.25
  • Gold bids holding Gold above 2,280. Range bound 2,353
  • Silver rebound to 0.382 retracement. Likely moving higher
  • Copper resuming uptrend or still correction?
  • WTI below rising trendline, SHS pattern?
  • Brent Crude below rising trendline support at 81.40
  • US 10-year T-yields support at 4.47. Strong support at 4.34

No Daily Update 9th May due to Ascencion Day bank holiday

Follow me for more on SaxoTrader platforms, home.saxo and X (Twitter): Cramers_Corner


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