07.05.2014 - Technical view

The price of futures on a broad U.S. stock index S&P 500 was unable to overcome the resistance level on 1884 and started to decline. Quotes of the futures have broken through the support level at 1873 and continue to fall. In case of further decline, a signal to sell will be price fixing below 1858. Growth is limited by historical maximum around 1900. We maintain a long-term negative outlook on the U.S. market.

Nearest resistance levels: 1873, 1884, 1900

Nearest support levels: 1858, 1840, 1813

The price of EUR/USD has broken through the strong resistance level at 1.3900 and reached the mark of 1.3950. For continued growth the price needs to gain a foothold above 1.3955. We maintain a long-term negative outlook and expect price correction of euro soon.

Nearest resistance levels: 1.3955, 1.4000

Nearest support levels: 1.3900, 1.3850, 1.3790, 1.3700

The price of GBP/USD has broken through the resistance level at 1.6900 and has almost reached the upper limit of the upward channel and the target level of 1.7000. We expect a slight correction in prices soon, but keep a long-term positive outlook with the first target around 1.7000.

Nearest resistance levels: 1.7000

Nearest support levels: 1.6900, 1.6840, 1.6770, 1.6560

The price of USD/JPY has failed to gain a foothold above the strong level of 102.00 and continued to decline. When continuing motion the quotes of the pair can reach the support at 101.40. We anticipate the resumption of growth with closest targets at 102.00 and 102.70 and keep medium and long-term positive outlook for the pair.

Nearest resistance levels: 102.00, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.40

he price of AUD/USD has broken through the resistance level at 0.9300, continued its upward movement and returned back to the rising channel. Within the correction the price may fall to 0.9330. In the case of continued growth, the closest target will be the level of 0.9390. We need new signals to determine the further movement.

Nearest resistance levels: 0.9390, 0.9460

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD has strongly grown and has broken through the nearest local maximum level at 0.8740, but failed to gain a foothold above it and rolled back to the strong level of 0.8700 near which is now is consolidating. We need new signals to determine the further movement.

Nearest resistance levels: 0.8700, 0.8740, 0.8780

Nearest support levels: 0.8630, 0.8550, 0.8520

The price of gold has broken through the upper boundary of the "triangle" and gained 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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