08.04.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 continued to fall and broke through the lower boundary of the local rising channel and approached a strong support level at 1840. In case of continued downward movement a signal to sell will be the price fixing below 1840. In case of an upward correction, the price will reach 1858. We maintain a long-term negative outlook for the futures.
Nearest support levels: 1840, 1830, 1820
Nearest resistance levels: 1858, 1880, 1900, 1950, 2000
The price of euro was unable to gain a foothold below 1.3700 and increased to 1.3750. In case of further decrease a signal to buy will be price fixing below 1,3700, the targets will be at the lower boundary of the descending channel and support levels at 1.3640 and 1.3560. We expect the resumption of decline within the corridor 1,3700-1,3750 and maintain long-term negative outlook for the euro.
Nearest support levels: 1.3700, 1.3640, 1.3560
Nearest resistance levels: 1.3750, 1.3850, 1.3900, 1.3960
The price of GBP/USD resumed its upward movement and returned within the corridor 1,6600-1,6650. Growth is limited by the resistance at 1.6650. At decrease the price can reach an inclined support line. We maintain a long-term positive outlook with the objectives at 1.6770 and 1.6820.
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 has almost reached a strong support level at 102.70. In case of reduction, a signal to sell will be price fixing below this level. We expect a rebound from this level and the resumption of the upward movement inside the rising channel with the closest targets at 104.00, 104.70 and 105.40. We reserve the 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 not reached the lower limits 0,9215-0,9300 and resumed growth. To continue the upward movement, the price needs to be fixed above 0.9300. Growth is limited by the upper boundary of the rising channel. Fall is limited by the lower boundary of the corridor and the lower boundary of the rising channel.
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 continued to rise and reached the first target of 0.8630. With further increase, the price can reach levels of local maximums around 0.8700. In case of a fall below 0.8520 will be completed the formation of "head and shoulders", which indicates a trend change. We expect the price movement to continue and maintain a medium-term positive outlook.
Nearest support levels: 0.8520, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8650, 0.8700
The price of gold continues to consolidate around the psychological mark of $ 1,300 per troy ounce. In case of price fixing above this mark the upward movement will continue with closest targets at 1815-1820. In such case, we recommend to open long positions and maintain a long-term positive outlook for gold.
Nearest support levels of 1280, 1275, 1265
Nearest resistance levels: 1315, 1320, 1330, 1344, 1352