12.05.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 was not able to continue the upward movement and to overcome the historical highs near the level of 2120. In case of penetration of this level, we expect further growth of quotations to 2150 and 2200. According to our forecast, the price decline will continue in the near future to the level of 2070, break through which will be the basis for the continuation of the downward price movements to 2040 and 1990. Our medium-term outlook remains positive, but we expect a further fall in the near future.

Nearest resistance levels: 2120, 2150, 2200

Nearest support levels: 2070, 2040, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 after the upward correction has reached strong resistance level at 11700 and the upper boundary of the channel, but could not overcome them, and at the moment continues to fall within the channel. We recommend to keep short positions with closest targets at 11200 and 10600 and the stop above 11700. Our medium-term outlook is positive, despite the expected fall in prices in the near future.

Nearest resistance levels are: 11700, 12000, 12400, 12600, 13000

Nearest support levels: 11200, 11000, 10800, 10600, 10300

The price of the futures on the Japanese stock index Nikkei225 grew up inside the descending channel and reached its upper limit. In case of further decline, we with a high probability anticipate the price reduction to the level of 19000. On the other hand, fixing quotations above 19800 will become the basis for growth with the first target at 20200. We maintain a medium-term positive outlook, but we recommend to keep short positions in the near future.

Nearest resistance levels are: 19800, 20000, 20800, 21000, 21500

Nearest support levels: 19400, 19000, 18500, 18100, 17850, 17550, 17200

Japanese Yen on April 1, 2015

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.