04.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 after a long consolidation has broken through the support line placed at 1870 and approached 1840. In case of further decrease the price may reach 1720. The correction is possible to the level of 1760.
Nearest support levels 1720
Nearest resistance levels: 1760, 1770, 1810
The quotes of EUR/USD are consolidating around a strong level of 1.35. Further movement will continue inside the local downstream channel. Growth is limited by the upper boundary of the channel, and resistance at 1.3630. Target price in case of reduction within the channel will be at 1.34.
Nearest support levels: 1.3400
Nearest resistance levels: 1.3550, 1.3630, 1.3710
The price of the British pound has broken through the 1.6320 support and reached a strong support level 1.6260. We expect an upward correction with the aim at 1,6400. Support stands at 1.6260. In case of further decrease, the price can reach 1.6140.
Nearest support levels: 1.6260, 1.6140
Nearest resistance levels: 1.6400, 1.6460, 1.6550
Drop in prices of USD/JPY accelerated recently. The price came out of the local downstream channel and has broken through the support line placed at 101.60. With further reduction, the closest goal will be the level 100.40. Growth within the correction is possible to 102.00.
Nearest support levels: 100.40
Nearest resistance levels: 102.00, 103.00 103.50
The price of AUD/USD shows a strong growth in the descending channel. Price reached 0.89. Because of the strength of an upward impulse, growth is possible to 0.90 and resistance at the upper boundary of the channel. During rollback down, the price can reach 0.8830.
Nearest support levels: 0.8830, 0.8700
Nearest resistance levels: 0.9000, 0.9060
The price of gold is consolidating above the level of 1250. Further movement is restricted by the level 1265-1270. Support is located at the bottom line of the channel. In case of reduction, the exit from channel and fixing below the level 1242 dollars per troy ounce will be the signal to "sell".
Nearest support levels: 1242, 1220
Nearest resistance levels: 1265, 1280, 1290