01.04.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 continued its gradual growth and approached the historic highs. Further growth is limited by the resistance level at 1880. A buy signal will be price fixing above 1880. In case of reduction, a signal to sell will be price fixing below 1840. We maintain a long-term negative outlook on the futures.
Nearest support levels: 1858, 1840, 1830, 1820
Nearest resistance levels: 1880, 1900
The price of euro rose sharply, but was unable to consolidate above the level at 1.3800 and retreated downwards. At the moment, the price decreases within the local descending channel and is likely to continue the fall. A signal to sell will be price fixing below 1.37. In this case the target levels will be at 1.3640 and 1.3560. We maintain a long-term negative outlook for the euro.
Nearest support levels: 1.3700, 1.3640, 1.3650
Nearest resistance levels: 1.3850, 1.3900, 1.3960
The price of GBP/USD has overcome the strong level of 1.6650 and is trying to gain a foothold above it. In such case we recommend to open long positions with the targets in the area of 1.6700, 1.6770 and 1.6820. In case of correction, the price can fall to 1.6600. We expect further growth and maintain a long-term positive outlook.
Nearest support levels: 1.6650, 1.6600, 1.6500, 1.6400, 1.6300
Nearest resistance levels: 1.6770, 1.6820
The price of USD/JPY has broken through and fixed above the level of 103.00. We expect continued growth with the objectives at 103.50 and the upper boundary of the rising channel, and then the price can reach 104.00 and 104.70. We keep the medium and long term positive outlook for the USD/JPY.
Nearest support levels: 102.70, 101.90, 101.25, 100.90, 100.40
Nearest resistance levels: 103.50, 104.00, 104.70
The price of AUD/USD after a sharp rise has reached the level of 0.9300 but failed to gain a foothold above it and started to correct. In case of further decline, a signal to sell will be price fixing below 0.9215. In this case the price may fall to the bottom of the rising channel and the level of 0.9130. We expect further correction of the Australian dollar.
Nearest support levels: 0.9200, 0.9130, 0.9100, 0.9000, 0.8925
Nearest resistance levels: 0.9300
The price of the New Zealand dollar continues to consolidate in the corridor 0,8650-0,8700. To continue the upward movement the quotations need to consolidate above 0.8700. We maintain our positive outlook for the New Zealand dollar, but note the higher probability of further correction in the near future.
Nearest support levels: 0.8630, 0.8500, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8700
The price of gold fixed below the level of $ 1,300 per troy ounce and continued to decline. Purchases of gold may resume in the area of 1265-1275. After a strong decline, we still anticipate the upward correction to 1300-1315 the levels of. We maintain a long-term positive outlook for gold.
Nearest support levels: 1275, 1265
Nearest resistance levels: 1300, 1315, 1320, 1330, 1344, 1352