Cramer's Corner: Daily Technical Update with META and Nvidia
Technical analysis

Cramer's Corner: Daily Technical Update with META and Nvidia

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:

  • Meta down 15% AM. 403.50 is key
  • Nvidia rejected at key resistance
  • 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 4.08
  • EURUSD above 0.382 retracement 1.0710, likely move to 1.077
  • GBPUSD likely move to 0.618 retracement at 1.2555
  • USDJPY uptrend intact upside potential to 156.35.30
  • EURJPY likely move to 168
  • AUDJPY potential to 102-102.68
  • GBPJPY likely move to 2015 peak at 195.85
  • AUDUSD will it test 0.6536 – 0.618 retracement? Maybe breaking it
  • USDCAD correction possibly down to 1.3618, uptrend intact potential to 1.39
  • EURCHF resuming uptrend likely 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 9.45
  • Gold closed back above support at 2,319, buyers are strong
  • Silver correction over or another downwards push? 27 seems key
  • Copper could cancel its top and reversal. If yes, Potential to 470
  • WTI and Brent correction could be over, resuming uptrend
  • US 10-year T-yields upside potential to 4.70-4.75 short-term

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