11.04.2014 - Technical view
Futures on the broad index of U.S. stocks S&P 500 fell sharply and broke through the strong level of support at 1840. In case of fixing below this level we recommend to open short positions with the targets at 1820, 1800 and 1780. We expect downward price movement and keep the medium-term and long-term positive outlook for American market.
Nearest support levels: 1830, 1820, 1800, 1780
Nearest resistance levels: 1840, 1858, 1880, 1900, 1950
The price of euro has broken through the inclined resistance line and reached the level of 1.3900. To continue the ascending movement the price needs to gain a foothold above 1.3900. In such case, the target will be at the level of 1.3950. At the moment there is a high probability of a downward correction with target prices at 1.3850 and 1.3800. We maintain a long-term negative outlook.
Nearest support levels: 1.3850, 1.3750, 1.3700, 1.3640, 1.3560
Nearest resistance levels: 1.3900, 1.3960
The price of GBP/USD has reached the level of 1.6820 and started to correct. For the continued growth, the price needs to gain a foothold above this mark. Now the quotes are consolidating around 1.6770. In case of correction the pound may fall to 1.6700 and 1.6650. We maintain a long-term positive outlook, but we expect further correction.
Nearest support levels: 1.6650, 1.6600, 1.6500, 1.6400, 1.6300
Nearest resistance levels: 1.6820
The price of USD/JPY fell below the lower limit of the downward channel and is consolidating above the strong support at 101.25. For further reduction the price should fix below this level. We expect renewed growth from these levels and recommend opening long positions with short stop and objectives at 102.70 and 104.00. We also maintain medium and long term positive outlook for the USD/JPY.
Nearest support levels: 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 upper limit of the upward channel and resistance at 0.9400, but failed to gain a foothold above it. In case of further decrease, the price probably will reach 0.9300. We expect price correction inside the rising channel in the medium term.
Nearest support levels: 0.9300, 0.9215, 0.9130, 0.9100, 0.9000, 0.8925
Nearest resistance levels: 0.9400, 0.9460, 0.9500
The price of the New Zealand dollar has failed to gain a foothold above 0.8700 and corrected to a strong and level of 0.8630. Currently NZD/USD is consolidating above this level. To continue the downward movement, the price needs to fix under 0.8630. In this case, the decline may reach 0.8520. Growth is limited by the resistance at 0.8700. Upside potential of the pair has weakened considerably. We maintain a positive medium-term outlook for the New Zealand dollar.
Nearest support levels: 0.8630, 0.8520, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8700, 0.8800
The price of gold continued the upward movement inside the rising channel and has reached the next target level $ 1,320 per troy ounce. We expect that the price will continue to move within the channel. The closest target is the strong level $ 1,330 per troy ounce. Correction is possible to the level of 1310 dollars per troy ounce. We keep medium and long term positive outlook for gold.
Nearest support levels: 1310, 1300, 1280, 1275, 1265
Nearest resistance levels: 1330, 1344, 1352