Cramer's Corner: Daily Technical Update with Tesla and Nvidia, looming EURUSD correction
Technical analysis

Cramer's Corner: Daily Technical Update with Tesla and Nvidia, looming EURUSD correction

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

  • Nvidia day. 130 is key level
  • Tesla key support at 207.67
  • S&P 500. Bearish engulfing intact 
  • Nasdaq Bearish engulfing resistance at 20,042-20,211 RSI positive
  • Russell 2000 up 3.2% Friday. Trump trade?
  • EuroStoxx50 key resist at 4,907
  • DAX testing resist at 18,780
  • AEX25 around gap area
  • CAC40 resistance at 7,725
  • SMI20 bullish likely to test all-time highs
  • Time 4.49
  • EURUSD likely correction room to 1.1275 but stretched
  • EURGBP could drop to 0.84
  • GBPUSD stretched, correction looming
  • USDJPY bouncing from 0.786 retracement at 143.30
  • EURJPY key support at 160.55
  • AUDJPY likely to break bearish out of range 99.20-96.75
  • GBPJPY key resistance at 192
  • AUDUSD testing resistance at 0.68, correction likely
  • USDCAD support at 1.3440
  • EURCHF at 0.618 retracement at 0.9355 likely to be tested
  • USDCHF likely to test 0.8400
  • Dollar Index support at 100.32, likely to bounce
  • Time 12.38
  • Gold bullish move struggling for further upside momentum. Support 2,484
  • Silver above 29.45 resist, but RSI still negative
  • Copper above 422.35, next resist at 440
  • WTI and Brent Crude oil volatile in tighter range, bouncing from supports
  • US 10-year T-yields spiked below support at 3.79

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