07.04.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 has fallen sharply, broke the support at 1880 and reached the level of 1865. In case of further decrease, the price will reach 1858. A signal to sell will be fixing of quotations below 1840. In case of correction, the price will reach 1880. We maintain a long-term negative outlook for the futures.
Nearest support levels: 1858, 1840, 1830, 1820
Nearest resistance levels: 1880, 1900, 1950, 2000
The price of euro has broken the support level 1.3700 and tries to gain a foothold below it. In case of further decrease, the targets will be at the lower boundary of the descending channel and support levels at 1.3640 and 1.3560. We highly anticipate opportunity of further reduction and keep a long-term negative outlook for the euro.
Nearest support levels: 1.3640, 1.3560
Nearest resistance levels: 1.3700, 1.3850, 1.3900, 1.3960
The price of GBP/USD fixed below the level of 1.6600. Closest targets in case of further decline will become inclined line of support and the level of 1.6500. We recommend holding short positions until achieving these levels. Despite this, we expect the resumption of growth and keep a long-term positive outlook.
Nearest support levels: 1.6500, 1.6400, 1.6300
Nearest resistance levels: 1.6600, 1.6650, 1.6770, 1.6820
The price of USD/JPY after a long consolidation has corrected to the level of 103.00. Further fall is limited by the support at 102.70. Despite this, we expect further upward movement. The closest objectives in case of continued growth will be the levels 104.00, 104.70 and 105.40. We keep medium and long term positive outlook for the USD/JPY.
Nearest support levels: 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 at 0.9215 and rose to the upper limit of the corridor 0,9215-0,9300. To continue the movement, the price needs to consolidate above 0.9300. Growth is limited by the upper boundary of the rising channel. We expect the reduction of price to the lower limit of the corridor.
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 continues to grow. In case of further increase, the closest targets will be at the level of 0.8630. We expect the upward price movement to continue 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
Increase in gold prices resumed after reaching 1280 dollars per troy ounce. Now the price broke the level of 1300 and in case of fixing above this mark will continue the upward movement with the closest target in the area 1815-1820. We recommend to open long positions and keep a long-term positive outlook for gold.
Nearest support levels: 1300, 1280, 1275, 1265
Nearest resistance levels: 1315, 1320, 1330, 1344, 1352