08.05.2014 - Technical view
The price of futures on a broad U.S. stock index S&P 500 resumed its upward movement and reached inclined resistance line. Growth is limited by historical maximum around 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: 1884, 1900
Nearest support levels: 1873, 1858, 1840, 1813
The price of EUR/USD after a strong growth corrected to the support level at 1.3900. For continued growth the price needs to gain a foothold above 1.3955. We maintain a long-term negative outlook, but expect an upward rebound of price from the support at 1.3900.
Nearest resistance levels: 1.3955, 1.4000
Nearest support levels: 1.3900, 1.3850, 1.3790, 1.3700
The price of GBP/USD was unable to continue its upward movement and corrected downwards from the upper limit of the upward channel. We expect continued price correction in the near future. In this case, the price may fall to 1.6900. We maintain a long-term positive outlook with the first goal of about 1.7000.
Nearest resistance levels: 1.7000
Nearest support levels: 1.6900, 1.6840, 1.6770, 1.6560
The price of USD/JPY has corrected upwards and reached an inclined resistance line, but could not overcome it. In case of further growth, a signal to buy will be price fixing above 102.00. We expect continued growth with the 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
The price of AUD/USD has corrected to the level of support at 0.9330, and started growing again. In case of continued increase, the closest target will be the level of 0.9390, after overcoming of which the price can reach 0.9460. We need new signals to determine further price movement.
Nearest resistance levels: 0.9390, 0.9460
Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200
The price of NZD/USD continued its rapid decline and reached 0.8640. At the moment there is a high probability of ascending correction to 0.8700. In case of further decline a signal to sell will be price fixing below 0.8630. We expect that in the near future the price of the pair will continue to consolidate within the corridor 0,8630-0,8700.
Nearest resistance levels: 0.8700, 0.8740, 0.8780
Nearest support levels: 0.8630, 0.8550, 0.8520
The price of gold could not overcome the resistance level of 1315, declined sharply and reached the support at 1290. In case of continued downward movement, the price may drop to 1278. We expect the resumption of the upward movement with the objectives at 1330 and 1350. We keep medium and long term positive outlook for gold.
Nearest resistance levels: 1315, 1305, 1330, 1350, 1360
Nearest support levels: 1290, 1278