Cramer's Corner: Daily Technical Update
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:
- Stock of the day: Apple
- Dow Jones higher after cancelled top and reversal
- S&P 500 Top and reversal pattern cancelled. Eyeing 5,300
- Nasdaq 100. Top and reversal still intact. Needs to close above 18,417
- EuroStoxx50 higher stretching uptrend
- DAX uptrend very stretched, key support at 17,620
- AEX25 key support at 837
- CAC40. Uptrend key support at 7,875. Potential to 18,427
- SMI20 If breaking above 11,808 12K is in sight
- Time 4.17
- EURUSD collapse – Moving Average conflict . Key support at 1.08
- EURCHF strong resist at 0.9775
- USDCHF likely to test 0.9050 resist
- GBPUSD rejected at 0.618 now below 1.26 key support
- USDJPY lost steam just below 2022 peak at 151.95, expect range bound
- EURJPY reached its target at 165 now testing 163.70 support
- AUDJPY spiked above 100, top and reversal
- Dollar Index Moving Average conflicts resist at 104.24
- Time 10.30
- Gold reached withing few points 1.618 projection at 2,225
- Silver uptrend intact but failed to test 26
- WTI uptrend. Potential to 85-87 but a struggling. Support at 79.77
- US 10-year T-yields rejected at 4.35. Could slide back to 4.20. Range bound likely
Follow me for more on SaxoTrader platforms, home.saxo and X (Twitter): Cramers_Corner