18.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 continues to consolidate near the mark 1840. Fixation above this level will allow continuing upward movement. Growth is limited by historical highs located in the area of 1850. Correction is possible to 1820.
Nearest support levels: 1820, 1800, 1780
Nearest resistance levels: 1850
The price of EUR/USD continues to consolidate above 1.37. We expect that after fixing above the local maximum near 1.3725 the price will continue to rise and will reach the next significant resistance line at 1.3810. The nearest support level is 1.3680.
Nearest support levels: 1.3680, 1.3630, 1.3560
Nearest resistance levels: 1.3810
After a strong growth during the last few days, the price of the British pound started to correct and now is consolidating around 1.6700. Further reduction is limited by the support located at 1.6640. Today's trading session can be quite volatile due to the large block of macro statistics, which will be released at 09:30 GMT. Growth is limited by a maximum at 1.6820.
Nearest support levels: 1.6640, 1.6650
Nearest resistance levels: 1.6820
The price of USD/JPY has broken through the upper limit of the downward channel, but could not overcome the resistance level at 102.70. Support is located at the level of 102.00. For continued growth, the price should gain a foothold above 102.70.
Nearest support levels: 102.00, 101.50, 100.90
Nearest resistance levels: 102.70, 103.00, 103.50
The price of AUD/USD continues to consolidate in the corridor 0.9000 - 0.9070. For further growth the price needs to fix above the strong level 0.9070. In case of consolidation below 0.90 the price will continue to decline to 0.8930.
Nearest support levels: 0.9000, 0.8930, 0.8900
Nearest resistance levels: 0.9070, 0.9160
The price of gold continues to correct after the strong growth during previous weeks. The closest target with further decrease will be the level of 1310, at the same area is situated the lower boundary of the local upward channel. Growth is limited by the closest maximum at around 1330.
Nearest support levels: 1310, 1290
Nearest resistance levels: 1330, 1360