09.05.2014 - Technical view

The price of futures on a broad U.S. stock index S&P 500 once again achieved strong resistance level 1884, but failed to gain a foothold above it and declined to the level of 1873, near which is currently consolidating. 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 has broken through the level of the nearest local maximum at 1.3955 but failed to gain a foothold above it and dropped sharply. Now the price is consolidating below 1.3850 and probably will continue to decline to the support level at 1.3790. We keep medium and long term negative outlook for the euro.

Nearest resistance levels: 1.3850, 1.3900, 1.3955, 1.4000

Nearest support levels: 1.3790, 1.3700

The price of GBP/USD has continued to decline gradually. We expect further price correction in the near future. In this case, the price may fall to 1.6900, after which the upward movement is likely to resume. 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 continued to decline within the local downward channel. In case of resumption of 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 after reaching the strong resistance level at 0.9390 started to correct downwards and now is consolidating around 0.9350. In case of continued growth, a signal to buy will be price fixing above 0.9390. In this case, the quotes may rise to 0.9460. A signal to sell will be price fixing below the nearest local minimum at 0.9320. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9390, 0.9460

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD continued to decline and reached a strong level of 0.8630, near which it continues to consolidate. We expect an upward price correction. We also expect that in the near future the price pair 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 continues to consolidate near the strong support level 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

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