Daily Technical Update 06.09.24

In today’s Technical Update: • S&P 500. Closed just above key support 5,501 • Nasdaq Reversal pattern key support at 18,907 and 18,654 • EuroStoxx50 below support at 4,812 • DAX. Top and reversal pattern. Support at 18,236 • AEX25 below 900 • CAC40 Below support at 7,464, next 7,370 • SMI20 support at 11,928 • Time 4.00 • EURUSD bouncing from 0.382 retracement at 1.1040 resuming uptrend • EURGBP bouncing from support at 0.84 • GBPUSD correction unfolding to 1.3035, could cut short • USDJPY downtrend. Support 140.25 • EURJPY Bearish support at 157.30 • AUDJPY rejected at 99.90, support at 93.65 • GBPJPY around key support at 188.20 likely to move lower • AUDUSD support at 0.67 • USDCAD rejected at 0.382 retracement of last leg down, resuming downtrend • EURCHF resuming downtrend likely to 0.93 and lower • USDCHF key support at 0.84 • Dollar Index resuming downtrend towards 100 • Time 11.07 • Gold bounced from 2,470, likely to test previous peak • Silver bounced from 0.618 retracement • Copper back above 412.70 • 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 lower minor support at 3.65