01.05.2014 - Technical view
Price of the futures on a U.S. stock index S&P 500 has reached a strong resistance level at 1884, but could not overcome it. In case of further growth the price may reach historic highs around 1900. We expect price correction downwards with the target near the level of support at 1873. In case of further decline, the signal to sell will be price fixing below 1860. We maintain a long-term negative outlook for the futures.
Nearest resistance levels: 1884, 1900
Nearest support levels: 1873, 1860, 1840, 1813
The price of euro has grown recently and now is consolidating around the level of the nearest local maximum at 1.3870 and inclined resistance line. Further growth is limited by a strong level of 1.3900. In the case of correcting the price may fall to 1.3850 and 1.3790. We maintain a long-term negative outlook for the euro.
Nearest resistance levels: 1.3900, 1.4000
Nearest support levels: 1.3850, 1.3790, 1.3750, 1.3700
The price of the British pound after a long consolidation has broken the upper boundary of the channel 1,6770-1,6840 and now is consolidating around 1.6880. In case of correction the quotes can fall to 1.6840. We expect continued upward movement within the channel and maintain medium and long term positive outlook for the pound.
Nearest resistance levels: 1.6900
Nearest support levels: 1.6840, 1.6770, 1.6700, 1.6600
The price of USD/JPY broke the lower boundary of the local ascending channel has reached support at 102.00 and rebounded from this level. To continue the downward movement, the price needs to fix below 102.00. We expect growth of pair with the first target near 102.70. The signal to buy will be fixation above 102.70. We keep medium and long term positive outlook.
Nearest resistance levels: 102.70, 103.00, 104.00, 104.70
Nearest support levels: 102.00, 101.50, 101.25
The price of the Australian dollar continues to move under the lower boundary of the rising channel, but has broken through the upper limit of the local descending channel. In case of decrease the price may reach 0.9200. To continue the upward movement the Australian dollar needs to gain a foothold above the strong level of 0.9300. We maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.9300, 0.9390, 0.9450
Nearest support levels: 0.9215, 0.9200, 0.9130
The price of NZD/USD has fixed above 0.8550, continued to rise and reached the target level of 0.8630, but could not overcome it. In case of continued growth, a signal to buy will be price fixing above this level. Within the correction the price may fall to 0.8580. We expect correction of price of the New Zealand dollar, but keep medium-term positive outlook.
Nearest resistance levels: 0.8630, 0.8700, 0.8740
Nearest support levels: 0.8580, 0.8550, 0.8520, 0.8450
The price of gold continues to move under the upper boundary of the "triangle". We expect a strong movement in the nearest future. The signal to buy will be price fixing above 1305. In case of further decline, the signal to sell will be fixation of price below 1278. We keep medium and long term positive outlook.
Nearest resistance levels: 1305, 1315, 1330
Nearest support levels: 1278, 1265