12.02.2014 - Technical view
Futures on the of broad U.S. stock index S&P 500 have fixed above the psychological mark 1800, and reached a strong resistance level at 1820. Due to the rapid growth in the previous days, the probability of correction has significantly increased. In case of decrease, the price may reach 1800. When securing above 1820, the price will continue to rise and can move towards historic highs that are near 1850.
Nearest support levels: 1800, 1780, 1760
Nearest resistance levels: 1844, 1850
The price of EUR/USD failed to gain a foothold above the upper limit of the upward channel and corrected to a strong level 1.3630. Further progress will depend on the speech of Mario Draghi (15:30 GMT) and monthly report of the ECB (tomorrow 9:00 GMT). Growth is limited by the upper boundary of the channel, in case of breaking of which, the price can reach 1.3700. The nearest support is at 1.3600.
Nearest support levels: 1.3600, 1.3550, 1.3500
Nearest resistance levels: 1.3700, 1.3810
The price of the British pound increased to 1.6450 and is consolidating at this level. Further growth is limited by inclined resistance line. First target in case of decrease will be at 1,6400. The growth of volatility is possible after 10:30 GMT, when will be released a quarterly report of the Bank of England on inflation.
Nearest support levels: 1.6400, 1.6320, 1.6260
Nearest resistance levels: 1.6550, 1.6600
The price of USD/JPY has grown within the local rising channel and is consolidating around 102.50. Further growth within the channel is limited by the resistance at 103.50. In case of correction support levels will be at 102.00 and 101.50.
Nearest support levels: 102.00, 101.50, 100.90
Nearest resistance levels: 103.00 103.50, 104.70
The price of AUD/USD has broken through the psychological resistance level of 0.90 and an upper limit of the downward channel and fixed above these levels. Growth is limited by the nearest local maximum near the 0.9085 mark. With the resumption of the downward movement, the closest target price will be at 0.90.
Nearest support levels: 0.9000, 0.8900, 0.8830
Nearest resistance levels: 0.9085, 0.9160
The price of gold has failed to overcome an inclined resistance line and is trying to gain a foothold above the level of 1285 dollars per troy ounce. Growth is limited by the psychological mark 1,300. In case of correction the price may reach the level of 1265.
Nearest support levels: 1265, 1242
Nearest resistance levels: 1290, 1300