18.03.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 reached the upper limit of the local downstream channel and a strong level 1860. Further growth is limited by the resistance levels at 1870 and 1880. In case of resumption of downward movement within the channel, the first target will be the level of 1840. We expect the growth of volatility tomorrow and decline of price in the long term.
Nearest support levels: 1850, 1840, 1830, 1820
Nearest resistance levels: 1870, 1880, 1900
The price of euro has fixed above the level of 1.39 and continued the growth. With a further increase, the price will reach the psychological mark of 1.40. In case of a fall, a signal to sell will be price fixing below the 1.3850 and lower limit of the upward channel. We expect that the price will continue to move inside the rising channel in the medium term, but keep a long-term negative outlook.
Nearest support levels: 1.3900, 1.3850, 1.3810, 1.3770, 1.3630
Nearest resistance levels: 1.3960, 1.4000
The price of GBP/USD continues to consolidate above the strong support at 1.6600. For further reduction the price needs to consolidate below 1.6600. In this case, the price can reach the level of 1.65 and the lower limit of the upward channel. In case of resumption of growth, the first target will be at 1,6700. We maintain a long-term positive outlook for the British pound.
Nearest support levels: 1.6600, 1.6500
Nearest resistance levels: 1.6640, 1.6770, 1.6820
The price of USD/JPY has failed to gain a foothold under the lower boundary of the rising channel and corrected upwards. At the moment the price is consolidating around 101.80 and will likely continue an upward movement. The signals to buy will be fixing of price above 102.00. First goal in such case will be the level of 102.70. With the resumption of the decline, the price can reach 100.90.
Nearest support levels: 101.50, 100.90, 100.40
Nearest resistance levels: 102.00, 102.70, 103.00, 104.00, 104.70
The price of AUD/USD once again achieved a strong level of 0.91, but was unable to gain a foothold above it and started to correct. We expect that during the correction the price will reach 0.9050, and then can break inclined line of support and continue to fall within the corridor 0,8925-0,9100. In case of growth, a signal to buy will be price fixing above 0.91. We maintain a long-term negative outlook for the Australian dollar.
Nearest support levels: 0.9050, 0.9000, 0.8925, 0.8900, 0.8830
Nearest resistance levels: 0.9100, 0.9170
The price of the New Zealand dollar continues to move along the rising support line. As part of this growth, the price may reach a local maximum of 0.86. After steady growth for the last month, we expect the price correction in the near future. While reducing the price may reach the support at 0.8450. We maintain a positive medium-term outlook for the New Zealand dollar.
Nearest support levels: 0.8550, 0.8500, 0.8450, 0.8390, 0.8350
Nearest resistance levels: 0.8600
The price of gold reached a level of 1390 dollars per troy ounce and then has corrected sharply to the level 1360. Further reduction during the correction is possible to 1352, after which we expect consolidation near 1352-1360 and the resumption of growth. We keep the medium and long term positive outlook.
Nearest support levels: 1352, 1344, 1330, 1320
Nearest resistance levels: 1,370, 1380, 1400