Cramer's Corner: Daily Technical Update JPY focus and Philips
Technical analysis

Cramer's Corner: Daily Technical Update JPY focus and Philips

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:

  • Philips resistance area around 26.60-29 Volume surged Friday
  • Hang Seng upside potential to 18,844
  • S&P 500 resistance at 5,146. Support 4,953
  • Nasdaq 100 Resist at 17,808/18K.Support at 16,963
  • EuroStoxx50 resist at 5,053
  • DAX key resistance at 18,192
  • AEX25 above resistance at 883
  • CAC40 resistance at 8,126
  • SMI20 resistance at 11,379
  • Time 5.22
  • EURUSD could correct to 1.0777. below 1.0670 downtrend
  • GBPUSD testing 0.618 retracement
  • JPY uptrends intact
  • USDJPY 154.40 key support
  • EURJPY 2013 spike at 105.46 seems resistance
  • AUDJPY spiked below 98.20, back above trendlines
  • GBPJPY key support at 194
  • AUDUSD spiked to 0.786 retracement at 0.6584. Likely rejection
  • USDCAD key strong support at 1.3705, uptrend intact potential to 1.39
  • EURCHF seems to be rejected at 0.786 retracement at 0.9788
  • USDCHF support at 0.90
  • Dollar Index correction to 105-104.84 still in the cards
  • Time 12.07
  • Gold uptrend stretched, range bound
  • Silver range bound 27.75-26.65
  • Copper bullish to 490-500
  • WTI and Brent Crude uptrend intact but sideways for now
  • US 10-year T-yields looks a bit stretched short-term

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