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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.42% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred.
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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.42% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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Cramer's Corner: Daily Technical Update - Nvidia sell-off, Nikkei, JPY pairs, Gold facing downtrend, Crude oil bearish break out
Technical analysis

Cramer's Corner: Daily Technical Update - Nvidia sell-off, Nikkei, JPY pairs, Gold facing downtrend, Crude oil bearish break out

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:

  • Nvidia and semiconductors sell-off could continue
  • Nikkei below support at 37,330
  • S&P 500. Key support 5,500-5,455
  • Nasdaq Reversal pattern key support at 18,654
  • EuroStoxx50 Top and reversal pattern
  • DAX. Top and reversal pattern
  • AEX25 below 900
  • CAC40 Resistance at 7,725 support at 7,464
  • SMI20 support at 12,219
  • Time 6.38
  • EURUSD support at 1.1040 still holding on
  • EURGBP support at 0.84
  • GBPUSD correction unfolding likely to 1.3035
  • USDJPY rejected at 0.618 retracement at 147.12, resuming downtrend
  • EURJPY testing support at 160.00
  • AUDJPY rejected at 99.90, testing support at 97.25
  • GBPJPY back below resistance at 192
  • AUDUSD support at 0.67
  • USDCAD rebound from 1.3440 support to 1.3590-1.3635
  • EURCHF could resume downtrend
  • USDCHF rebound likely to 0.8615
  • Dollar Index rebound to 102.23 possible
  • Time 12.54
  • Gold sideways support at 2,484 bearish below 2,370
  • Silver at 0.618 retracement
  • Copper below support at 412.70, likely testing trendline
  • WTI triangle pattern bear break out, could drop to 64-62
  • Brent Crude triangle pattern bear break out could drop to 65 level
  • US 10-year T-yields rejected at 0.618 retracement testing 3.79 

Follow me for more on SaxoTrader platforms, home.saxo, my YouTube channel Cramer's Corner YouTube where you can subscribe and get a message when new updates, and X (Twitter): Cramers_Corner

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Losses can exceed deposits on margin products. Please ensure you consult our Risk Warning before you start trading and you understand the risks.

All trading carries risk. Losses can exceed deposits on margin products. You should consider whether you understand how our products work and whether you can afford to take the high risk of losing your money. To help you understand the risks involved we have put together a general Risk Warning series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. The KIDs can be accessed within the trading platform. Please note that the full prospectus can be obtained free of charge from Saxo Bank (Switzerland) Ltd. or the issuer.

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