Daily Technical Update 08.10.24 With Nvidia, JPY pairs, Yields higher, Copper correction

Chapters:
00:00 - Nvidia and US Indices
02:14 - European Indices
04:42 - EURUSD, EURGBP & GBPUSD
06:56 - JPY pairs
09:29 - AUDUSD, USDCAD, GBPCAD, EURCHF &USDCHF and USD Index
13:09 - Gold, Silver and Copper
15:39 - WTI and Brent Crude oil
16:47 - US 10 and 2-year Treasury yields

In today’s Technical Update:
• Nvidia spiked above key resist at 130, RSI positive sentiment
• S&P 500 resuming bullish trend, eyeing 5,800
• Nasdaq 100 rejected at resistance at 20,041
• EuroStoxx50/EU50 CFD back below falling trendline, could slide lower
• DAX/ GER40 CFD below 19,000, closing below today expect down to 18,700
• AEX25 below support at 908 ,RSI not supporting bullish move
• CAC40 key support at 7,464
• SMI20 likely to test support at around 11,875
• EURUSD broke below 1.10 key support, to support around 1.0948 will it hold?
• EURGBP crawling back above 0.94
• GBPUSD below 0.786 retracement, bounce or continue lower to 1.30? RSI is key
• USDJPY likely to test resist at 149.40, RSI positive
• EURJPY strong resistance at 164. RSI still negative
• AUDJPY resistance at 101.77, 100 DMA adds to the resistance strength
• GBPJPY 100 DMA just below 196 strong resistance, above 196 room to 199-200
• GBPCAD holding on above 0.786 retracement
• AUDUSD correction below 0.618, likely down to 0.786 retracement at 0.67
• USDCAD testing resistance at around 1.3650
• GBPCAD key support at 1.3780
• EURCHF bearish likely to test 0.93. Triangle pattern
• USDCHF rejected at 0.86 is key. RSI rejected at 60 still negative.
• Dollar Index broke above key resist at 101.86, potential to 102.61 and 103
• Gold If above 2,684 new highs above 2,700, below 2,624 down to 2,600
• Silver struggling for momentum, support at 30.80, below correction to 30.25-29.70
• Copper broken below 450 likely down to 440, maybe 432
• WTI spiked higher, RSI sentiment positive
• Brent Crude resistance at around 81.58, above potential to 85-87.50
• US 10-year T-yields around 4%, minor correction could be seen but RSI positive indicating higher yields
• US 2-year T-yields reached 3.93, expect minor correction. Strong resist at 4.05