05.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 has corrected upwards and approached the level of 1760. Growth can continue within the local downstream channel to the level of 1780. In case of the resumption of the fall the target will be at 1720.
Nearest support levels: 1740, 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 failed to fix below inclined support line. The quotes are consolidating near 1.6320. Growth is limited by a strong resistance level of 1.64. Support level is at the local minimum of 1.6260.
Nearest support levels: 1.6260, 1.6140
Nearest resistance levels: 1.6400, 1.6460, 1.6550
The price of USD/JPY has corrected to 101.60 after the sharp fall in the previous days. Probability of leaving the local downstream channel is big enough. In case of breaking through and fixation above 102.00, we expect growth to 103.40. With the resumption of the fall, the price can reach 100.40.
Nearest support levels: 100.40
Nearest resistance levels: 102.00, 103.00 103.50
The price of AUD/USD is trying to gain a foothold above the strong level 0.89. In case of resumption of growth, the next target will be at 0.90. We expect that the price of the Australian dollar will continue to move within the downward channel. The aim at decrease will be at the level of 0.87. The closest support is located at 0.8830.
Nearest support levels: 0.8900, 0.8830, 0.8700
Nearest resistance levels: 0.9000, 0.9060
The price of gold is clamped between the bottom of the rising channel and the inclined resistance line. A strong fundamental stimulus is needed for the continued growth and fixation above 1270. The signal for decrease will be the exit from the channel and fastening below 1240 dollars per troy ounce.
Nearest support levels: 1242, 1220
Nearest resistance levels: 1265, 1280, 1290