Daily Technical Update 24.07.24 with Alphabet and Tesla

In today’s Technical Update: • Alphabet slightly higher after earnings • Tesla lower after earnings. Key support at 231.30 • Russell 2000 correction over • S&P 500 testing resistance at 5,576. Next support 5,447 • Nasdaq establishing downtrend. Support at 19,472 and 19,210 • EuroStoxx50 support at 4,812-4,775 • DAX. Support at 17,875 • AEX25 below key support at 918.50. Support at 897-892 • CAC40 key support 7,464. Key resistance at 7,725 • SMI20 testing key support at 12,181 • Time 5.36 • EURUSD back below at 1.0916 could test 1.08 • EURGBP rejected at 0.8425, resuming downtrend • GBPUSD correction at 0.382 retracement, could sell-off lower • USDJPY testing support at 154.45, could drop to 153.60 • EURJPY below trendline at 167.50 • AUDJPY in free fall, risk to 100-99 • GBPJPY testing support at 198.92, could sell-off further to 197.80 • AUDUSD collapsed, strong support at 0.6580 • USDCAD Above resistance at 1.3785 • EURCHF below 0.382 retracement could sell-off to 0.9590 • USDCHF sold off to support at 0.8826 • Dollar Index testing resistance at 104.28 • Time 14.28 • Gold bouncing from support at 2.388 • Silver support at 28.60 • Platinum bouncing from support at 943.80 • Copper testing support at 413. Bounce? • WTI 0.618 retracement at 77.08 • Brent Crude 0.618 retracement at 81 • US 10-year T-yields bounce to 4.27 likely to resume downtrend