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02.02.2016 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not continue to grow and reach the level of 1950 and currently is consolidating below 1940. The fall of price in the near future is limited by the level of support at 1910 and the lower boundary of the local ascending channel. Fixation lower than these levels will be the basis for the continuation of negative dynamics until 1860 and 1800. In order to continue the growth quotations need to overcome the level of 1950. We maintain our negative outlook for the next few months, but the current growth may continue in the near future.

Nearest resistance levels: 1950, 1990, 2000, 2020, 2050, 2065, 2080

Nearest support levels: 1910, 1860, 1800, 1780, 1750, 1720

The price of the futures on the German stock index DAX30 has stabilized near the level of 17800 after a strong growth and reaching the upper boundary of the ascending channel. In case of correction, the quotes can return to the important support level at 17250 and the lower boundary of the channel. In case of continued growth quotations will reach the level of 18600 and 19600. We maintain our medium-term positive outlook and expect continued growth in the near future.

Nearest resistance levels: 10000, 10400, 10800, 11000, 11200, 11400, 11800

Nearest support levels: 9600, 9400, 9000, 8500

German Exchange Rate

The price of the futures on the Japanese stock index Nikkei225 has stabilized near the level of 17800 after a strong growth and reaching the upper boundary of the ascending channel. In case of correction, the quotes can return to the important support level at 17250 and the lower boundary of the channel. In case of continued growth, quotations will reach the level of 18600 and 19600. We maintain our medium-term positive outlook and expect continued growth in the near future.

Nearest resistance levels: 18000, 18600, 19000, 19400, 19700, 20000

Nearest support levels: 17500, 17250, 16500, 16000, 15200

Japan Currency Statistics

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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