Cramer's Corner: Daily Technical Update
Technical analysis

Cramer's Corner: Daily Technical Update

Kim Cramer Larsson
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:

  • Microsoft higher after earnings
  • S&P 500 rejected at 5,080
  • Nasdaq 100 bouncing from 16,963 support, resist at 17,808
  • EuroStoxx50 rejected at 5,053
  • DAX rejected at key resistance at 18,192
  • AEX25 rejected at key resistance at 883
  • CAC40 rejected at 8,126
  • SMI20 back below support at 11,379
  • Time 3.30
  • EURUSD above 0.382 retracement 1.0710, possible move to 1.077
  • GBPUSD likely move to 0.618 retracement at 1.2555
  • USDJPY uptrend stretched but upside potential to 157
  • EURJPY spiked to 168. Hit by sell off
  • AUDJPY potential to 102-102.68
  • GBPJPY likely move to 2015 peak at 195.85
  • AUDUSD above 0.618 retracement at 0.6536, could move to 0.6585? Maybe breaking it
  • USDCAD correction possibly down to 1.3618, uptrend intact potential to 1.39
  • EURCHF resuming uptrend struggling at 0.786 retracement at 0.9785 to get back to 0.9850
  • USDCHF likely to take out peak at 0.9153, potential to 0.9245
  • Dollar Index correction to 104.84?
  • Time 8.30
  • Gold could be resuming uptrend. Back to 2,400?
  • Silver correction over resuming uptrend potential to 28.60
  • Copper cancelled its top and reversal. Potential to 470
  • WTI and Brent correction could be over, resuming uptrend
  • Cocoa seems to be stalling. Key support at 9,988
  • US 10-year T-yields upside potential to 4.70-4.75 short-term

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