Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
Access both platforms from your single Saxo account.
Technical analysis
Cramer's Corner: Daily Technical Update
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Technical Analyst, Saxo Bank Group
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:
- Apple above resistance at 190.64
- S&P 500. Uptrend confirmed with upside potential to 5,383
- Nasdaq 100 RSI conforming uptrend. Potential to +19K
- EuroStoxx50 uptrend likely move to 5,200. Support at 5,034
- DAX. Upside potential to 19,150. But uptrend is a bit stretched
- AEX25 Looks toppish but no top and reversal signal yet
- CAC40 rejected at all-time highs at 8,254 twice
- SMI20 looks toppish. Will it form top and reversal pattern?
- Time 3.43
- EURUSD testing key strong resistance at 1.0885. RSI positive
- GBPUSD strong resist at 1.2710. RSI positive indicating higher
- USDJPY corrected to 0.618 at 153.74. Still bullish to 158.45
- EURJPY reached 170. Top and reversal or continuing ?
- AUDJPY above 0.786 retracement. Toppish or test 105?
- GBPJPY testing 0.786 retracement at 197.10
- AUDUSD bullish potential to 0.6750-0.6819. Support at 0.6645
- USDCAD trading around 0.618 retracement at 1.3618. RSI positive
- EURCHF above key resistance at 0.9835. Moving to Par?
- USDCHF bounced from key support at 0.90
- Dollar Index below support at 104.84, likely down to 103.84-103.68
- Time 9.21
- Gold new all-time high, uptrend stretched but could continue. 2,490?
- Silver uptrend stretched but potential to 33.58-35
- Platinum correction support at 1,015
- Copper toppish, RSI divergence
- WTI hovering around rising trendline. Below 200 DMA
- Brent Crude support around 81.42-80.72
- US 10-year T-yields bouncing from 0.786 retracement
Follow me for more on SaxoTrader platforms, home.saxo and X (Twitter): Cramers_Corner
Quarterly Outlook 2024 Q3
Sandcastle economics
-
-
Bonds: What to do until inflation stabilises
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain inflation and evolving monetary policies.
-
Equities: Are we blowing bubbles again
Explore key trends and opportunities in European equities and electrification theme as market dynamics echo 2021's rally.
-
FX: Risk-on currencies to surge against havens
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.
-
Commodities: Energy and grains in focus as metals pause
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.
Disclaimer
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)