03.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 continue to consolidate near the strong level 1780. The closest target in case of further reduction will be at 1760. Growth is limited by an inclined line and a resistance level 1810.
Nearest support levels 1760
Nearest resistance levels: 1810, 1825, 1844
The price of EUR/USD is approaching the lower boundary of the local downstream channel and consolidates below the strong level - 1.3500. With further reduction the goal will be at the level of 1.34. We expect that the price will continue to move within the channel. With the resumption of growth, the first goal will be at 1.3550.
Nearest support levels: 1.3400
Nearest resistance levels: 1.3550, 1.3630, 1.3710, 1.3810
The price of the British pound is consolidating above 1.6400 support level. We expect that the price fall will stop at this level and will probably start to correct. The target price in case of correction will be at 1.6550. With a further fall, the price can reach the level of 1.6320.
Nearest support levels: 1.6320
Nearest resistance levels: 1.6460, 1.6550, 1.6600
USD/JPY chart shows that the price of the pair is clamped between inclined resistance line and the bottom of the local downstream channel. Securing of price below 102.00 will be a signal to sell. First goal will be at the level of support 101.60. With continued fall the price may reach 101.40. In case of resumption of growth, the price may reach the upper boundary of the channel.
Nearest support levels: 101,60, 100,40
Nearest resistance levels: 103,00 103,50, 103,90
The price of AUD/USD is consolidating between resistance at 0.8830 and the bottom of the downward channel. Securing above 0.8830 will be a signal to buy. The target price in this case will be near the upper boundary of the channel and the levels of 0.89 and 0.90. We maintain our negative outlook for the Australian dollar and expect that the price will continue to move within the channel.
Nearest support levels: 0.8700, 0.8660
Nearest resistance levels: 0.8830, 0.8900
The price of gold has fallen to the bottom of the local rising channel and is consolidating above a strong level 1242 dollars per troy ounce. Decline on the stock markets can boost prices. Growth is limited by the resistance 1265 and at the upper boundary of the rising channel. Support is located at 1220 dollars per troy ounce.
Nearest support levels: 1242, 1220
Nearest resistance levels: 1265, 1280, 1290