15.04.2014 - Technical view
Futures on the broad index of American stocks S&P 500 rebounded from the bottom of the local downward channel and are consolidating around 1830. Further growth within the channel is possible to 1840. We expect reduction of price with the objectives at 1800 and 1780 and maintain a medium-term and long-term positive outlook for the U.S. market.
Nearest support levels: 1813, 1800, 1780
Nearest resistance levels: 1840, 1858, 1880, 1900, 1950
The price of euro continued to decline and now is consolidating above 1.3810 the strong level. With the resumption of growth, the price can reach 1.3900. A signal to sell will be price fixing below 1.3810. In such case, the price may drop to 1.3750 and 1.3700. We maintain a long-term negative outlook.
Nearest support levels: 1.3810, 1.3750, 1.3700, 1.3640, 1.3560
Nearest resistance levels: 1.3900, 1.3960
The price of GBP/USD continued to correct and reached 1.6700. In case of further decrease, the price can fall to 1.6650 and the lower limit of the upward channel. The growth is limited by a strong resistance level at 1.6770. We maintain a long-term positive outlook, but we expect further price correction.
Nearest support levels: 1.6700, 1.6650, 1.6600, 1.6500, 1.6400, 1.6300
Nearest resistance levels: 1.6770, 1.6820
The price of USD/JPY continues a gradual growth and now is consolidating around the level of 102.00. We expect growth of price and recommend holding long positions with a stop below 101.25 and the objectives at 102.70 and 104.00. We keep 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 started to decline after reaching the upper limit of the upward channel. At the moment, the price approached inclined line of support and in case of breaking it and fixing the price below the nearest local maximum at 0.9965, we recommend to open short positions with the targets at 0.9300 and 0.9250. We expect price correction within the rising channel in the medium term.
Nearest support levels: 0.9300, 0.9250, 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 continues to move through the corridor 0,8630-0,8700. For continued growth the price needs to consolidate above 0.8700. To determine the future direction, the price needs to fix outside the channel. We expect the resumption of the price growth of the New Zealand dollar in the medium term.
Nearest support levels: 0.8630, 0.8520, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8700, 0.8800
The price of gold has continued to grow within the rising channel and reached $ 1,330 per troy ounce. We expect that the quotes will continue to move within the channel. The closest target is the resistance level at 1340 dollars per troy ounce. In case of correction, the quotes may fall to 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