09.04.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 stopped the fall near the level of 1840. With the resumption of the downward movement, a signal to sell will be price fixing below 1840. Growth is limited by the resistance levels at 1858 and 1880. We expect continued upward correction, but keep a long-term negative outlook for futures.
Nearest support levels: 1840, 1830, 1820
Nearest resistance levels: 1858, 1880, 1900, 1950, 2000
The price of euro rose sharply and reached the upper limit of the downward channel. To continue the upward movement, the price needs to gain a foothold above $ 1.3810. The target price in such case will be the level of 1.3900. At the moment there is a high probability of price reduction within the channel with targets near 1.3700 and 1.3640. We expect the resumption of the fall and keep a long-term negative outlook.
Nearest support levels: 1.3750, 1.3700, 1.3640, 1.3560
Nearest resistance levels: 1.3850, 1.3900, 1.3960
The price of GBP/USD has broken through the strong resistance level at 1.6650 and reached the nearest target at 1.6750. With continued growth, the price could reach 1.6770 and 1.6820. After a strong growth there is a possibility of correction to the levels 1,6680-1,6700. Traders keep positive attitude, and we maintain a long-term and medium-term positive outlook with the objectives at 1.6770 and 1.6820.
Nearest support levels: 1.6650, 1.6600, 1.6500, 1.6400, 1.6300
Nearest resistance levels: 1.6770, 1.6820
The price of USD/JPY has broken through the strong level of 102.70 and reached the lower limit of the upward channel. Now the price is consolidating around the level of 102.00. In case of consolidation above this level, we expect growth to the level of 102.70, then the price may continue to rise to 104.00. We expect an upward correction in the near future and maintain medium and long term positive outlook for the USD/JPY.
Nearest support levels: 101.90, 101.25, 100.90, 100.40
Nearest resistance levels: 102.70, 104.00, 104.70, 105.40
The price of AUD/USD has broken through the strong level of 0.9300 and rose to the upper limit of the upward channel. At the moment there is a high probability of price rollback within the correction. The first target level in this case will be at 0.9300. We expect that the price will continue an upward movement within the channel in the near future.
Nearest support levels: 0.9300, 0.9215, 0.9130, 0.9100, 0.9000, 0.8925
Nearest resistance levels: 0.9400
The price of the New Zealand dollar continued to rise and reached the level of the nearest local maximum at 0.8700. After a strong growth there is a high probability of correction to the level of 0.8650. For continued growth the price needs to fix above 0.8700. We expect the price movement and maintain a medium-term positive outlook.
Nearest support levels: 0.8700, 0.8650, 0.8520, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8800
The price of gold fixed above the level of $ 1,300 per troy ounce and continues to move inside the rising channel. We recommend holding long positions with closest targets near 1315-1320 and maintain a long-term positive outlook for gold.
Nearest support levels: 1300, 1280, 1275, 1265
Nearest resistance levels: 1315, 1320, 1330, 1344, 1352