Cramer's Corner: Daily Technical Update Nikkei key resistance, JPY pairs move, EURUSD correction
Technical analysis

Cramer's Corner: Daily Technical Update Nikkei key resistance, JPY pairs move, 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:

  • Nikkei below resist at 39,220
  • S&P 500. Cancelled top and reversal
  • Nasdaq Reversal pattern still in play
  • EuroStoxx50 bullish
  • DAX. New all-time high
  • AEX25 resist at 927
  • CAC40 Resistance at 7,725
  • SMI20 Resistance at 12,434
  • Time 3.51
  • EURUSD support at 1.1040
  • EURGBP support at 0.84
  • GBPUSD correction unfolding likely to 1.3035
  • USDJPY rebounded to 0.618 retracement at 147.12
  • EURJPY rebound from key support at 160.55, resist at 164
  • AUDJPY rejected at 99.90
  • GBPJPY back below resistance at 192
  • AUDUSD below support at 0.6760, correction likely to 0.67
  • USDCAD rebound from 1.3440 support
  • EURCHF rebound to 0.382 retracement at 0.9445
  • USDCHF rebound likely to 0.8615
  • Dollar Index rebound to 102.23 possible
  • Time 9.45
  • Gold sideways support at 2,484 but bearish below 2,370
  • Silver turned bearish likely to drop below 28
  • Copper key support at 412.70
  • WTI range bound. Medium-term triangle pattern
  • Brent Crude range bound. Medium-term triangle pattern
  • US 10-year T-yields rebounding 0.618 retracement at 3.92, could move to 4%

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