04.04.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 has stopped the growth in the area 1890. In case of continued growth the closest target is the psychological level of 1900. Fall is limited by a strong support level at 1880. We expect growth of volatility after the publication of data on the U.S. labor market. We maintain a long-term negative outlook for futures due to the overbought market.
Nearest support levels: 1880, 1858, 1840, 1830, 1820
Nearest resistance levels: 1900, 1950, 2000
The price of euro fell sharply and reached the strong support at 1.3700. In case of further decline, a signal to buy will be price fixing below 1.3700. In case of upward rebound targets will be at levels 1.3750 and 1.3810. We expect an increase in volatility and keep 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 broken through the strong support level at 1.6600 and tries to gain a foothold below it. Furthermore, the price is near the lower boundary of rising channel. We recommend to open short positions in case of fixing below 1.6600. Closest targets in case of decline will be at 1,6500. Despite this, we expect the resumption of growth and keep a long-term positive outlook.
Nearest support levels: 1.6600, 1.6500, 1.6400, 1.6300
Nearest resistance levels: 1.6650, 1.6770, 1.6820
The price of USD/JPY has reached the upper limit of the upward channel and resistance at 104.00 and is consolidating below this level. After a strong growth, there is a high probability of price correction to 103,40-103,50, after which we expect further upward movement. The closest targets in case of growth will be the levels 104.70 and 105.40. We keep medium and long term positive outlook for the USD/JPY.
Nearest support levels: 103.50, 102.70, 101.90, 101.25, 100.90, 100.40
Nearest resistance levels: 104.00, 104.70, 105.40
The price of AUD/USD has failed to break through the support level 0.9215 and continues to consolidate above it. In case of further decline, the sell signal will be price fixing below 0.9215. In this case the quotes may fall to the bottom of the rising channel and the level of 0.9130. Growth is limited by the upper boundary of the rising channel. We expect further correction of the Australian dollar.
Nearest support levels: 0.9215, 0.9130, 0.9100, 0.9000, 0.8925
Nearest resistance levels: 0.9300
The price of the New Zealand dollar rebounded after falling sharply from the strong support at 0.8520 and now is consolidating near 0.8550. In case of further decrease, a signal to sell will be price fixing below 0.8500. We expect the resumption of growth and keep a medium-term positive outlook.
Nearest support levels: 0.8520, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8650, 0.8700
The fall in prices of gold has stopped in the area 1280 dollars per troy ounce and the price is consolidating in the corridor 1280-1300. We expect the resumption of the upward movement. The signals to buy will be price fixing above the psychological level of 1,300. We maintain a long-term positive outlook for gold.
Nearest support levels of 1280, 1275, 1265
Nearest resistance levels: 1300, 1315, 1320, 1330, 1344, 1352