06.05.2014 - Technical view

The price of the futures on a broad American index S&P 500 again approached the strong resistance level of 1884. To continue the upward movement the price needs to overcome this level and gain a foothold above historic highs, which is located near 1900. In case of decrease, a signal to sell will be price fixing below 1858. We maintain a long-term negative outlook on the U.S. market.

Nearest resistance levels: 1900

Nearest support levels: 1873, 1858, 1840, 1813

March 26, 2014 USSPX Graph

The price of EUR/USD continues to consolidate around the level of 1.3880. To continue the upward movement the price needs to gain a foothold above psychological level of 1.3900. In case of decrease quotes can reach the levels of support at 1.3850 and 1.3790. We maintain a long-term negative outlook and expect price correction of the euro soon.

Nearest resistance levels: 1.3900, 1.4000

Nearest support levels: 1.3850, 1.3790, 1.3700

The price of GBP/USD continues to consolidate above the strong level of 1.6840. In case of continued growth, a signal to buy will be price fixing above 1.6900. Thus the price may reach 1.7000 and the upper limit of the upward channel. Reduction is limited by support levels at 1.3840 and 1.6770. We maintain a long-term positive outlook with the target near 1.7000.

Nearest resistance levels: 1.6900, 1.7000

Nearest support levels: 1.6840, 1.6770, 1.6560

The price of USD/JPY after the sharp decline on Friday, rebounded from 101.90 and is currently trying to gain a foothold above the level of 102.00. In case of further decline, the price may reach 101.40. We expect the resumption of growth with the closest target at 102.70 and save the medium and long positive outlook for the pair.

Nearest resistance levels: 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.90, 101.40

The price of AUD/USD has reached 0.9300, but failed to gain a foothold above it and returned to the level of 0.9280. In case of resumption of growth a signal to buy will be price fixing above 0,9300. We expect a decline of price with target at 0.9200 and maintain a medium-term negative outlook for the pair.

Nearest resistance levels: 0.9300, 0.9330, 0.9390, 0.9460

Nearest support levels: 0.9220, 0.9200

The price of NZD/USD has reached strong resistance level of 0.8700, but failed to gain a foothold above it. In case of further growth, the price may reach 0.8740. We expect price correction in the near future, but keep a positive medium-term outlook for the pair.

Nearest resistance levels: 0.8700, 0.8740

Nearest support levels: 0.8630, 0.8550, 0.8520

The price of gold has broken through the upper boundary of the "triangle" and is trying to gain a foothold above the nearest local maximum at 1305. We recommend opening long positions in gold with the objectives at 1330 and 1350 dollars per troy ounce. We keep medium and long term positive outlook for gold.

Nearest resistance levels: 1330, 1350, 1360

Nearest support levels: 1305, 1290, 1278

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