16.04.2014 - Technical view

Futures on the broad U.S. stock index S&P 500 has overcome the resistance level at 1840 and reached the upper limit of the local downstream channel. At the moment there is a possibility of renewed downward movement. We expect the price to fall further in a downtrend with targets at 1800 and 1780 and maintain a medium-term and long-term negative outlook on the U.S. market.

Nearest support levels: 1840, 1813, 1800, 1780

Nearest resistance levels: 1858, 1880, 1900, 1950

The price of euro was unable to fix below the support at 1.3810 and continues to consolidate above this level. In case of further decrease, a signal to sell will be price fixing below 1.3810. In this case, the price can decrease to 1.3750 and 1.3700. Growth is limited by a strong resistance level at 1.3900. 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 continues to consolidate above 1.6700 the level of. In case of further decrease, the price may fall to 1.6650 and the lower limit of the upward channel. A signal to sell will be price fixing below 1,6700. Growth is limited by a strong resistance level at 1.6770. We maintain a long-term positive outlook, but 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 continued a gradual growth and has overcome 102.00 the level of. We expect continuation of growth and recommend holding long positions with a stop below 101.25 and the objectives at 102.70 and 104.00. We keep the 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 inclined line of support and is now trying to fix below the nearest local minimum at 0.9965. In case of consolidation below this mark, we recommend to open short positions with targets at 0,9300 and 0,9250. Growth is limited by the resistance level at 0.9400. We expect continuation of price correction inside 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 has broken the lower limit of the corridor 0,8630-0,8700 and now is consolidating around the support level 0.8590. We look forward to continuing the downward movement with the target at 0.8520, after which the growth can resume. In case of growth correction is possible to 0.8630.

Nearest support levels: 0.8520, 0.8450, 0.8390, 0.8250

Nearest resistance levels: 0.8630, 0.8700, 0.8800

The price of gold has broken through the lower boundary of the local rising channel and reached 1290 dollars per troy ounce. Now the quotes of a pair are consolidated near the level of 1300. We expect further consolidation in this area, with following resumption of growth. We keep medium and long term positive outlook for gold.

Nearest support levels: 1300, 1280, 1275, 1265

Nearest resistance levels: 1315, 1330, 1344, 1352

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