18.04.2014 - Technical view

Futures on the broad U.S. stock index S&P 500 reached the level of 1870, but failed to overcome it and rolled back. At the moment there is a high probability of price reduction to the level of 1840. Further growth is limited by the resistance level at 1880. We expect low volatility in the coming days and keep a long-term negative outlook on the U.S. market.

Nearest support levels: 1858, 1840, 1813, 1800, 1780

Nearest resistance levels: 1880, 1900, 1950

The price of euro again failed to overcome the 1.3850 level of and continues to consolidate near the lower boundary of the corridor 1,3810-1,3850. In case of reduction, a signal to sell will be price fixing below the local minimum at 1.3790. Objectives will be at support levels 1.3750 and 1.3700. Growth is limited by a strong resistance level at 1.3900. We expect that the price will continue to move within the corridor in the next few days and keep a long-term negative outlook.

Nearest support levels: 1.3810, 1.3750, 1.3700, 1.3640, 1.3560

Nearest resistance levels: 1.3850, 1.3900, 1.3960

The price of GBP/USD was unable to overcome the upper limit of the rising channel and gain a foothold above the level of 1.3820 and now is consolidating below 1.6800. Reduction is limited by the strong support level at 1.6770. For continuation of falling the price will need to fix below this mark. In such case the pound can reach the lower limit of the channel. We maintain a long-term positive outlook.

Nearest support levels: 1.6770, 1.6700, 1.6650, 1.6600

Nearest resistance levels: 1.6820, 1.6900, 1.7000

The price of USD/JPY has fixed above the level of 102.00 and resumed the upward movement. We expect the growth of price and recommend holding long positions with the targets at 102.70 and 104.00. Stop can be moved under 102.00. For continued growth the price needs to gain a foothold above 102.70 the level of. 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 continued to fall within the local downward channel and is consolidating near 0.9330. We expect low volatility in the next trading sessions. Growth is limited by the resistance level at 0.9400. We expect continuation of falling of price inside the rising channel in the medium term, with the closest targets near 0.9300.

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 fixed below 0.8630 the level of and continued to decline. Further growth is limited by the upper boundary of the channel, and resistance at 0.8650. We expect continued downward movement with the target at 0.8520, after reaching which the growth of price can resume.

Nearest support levels: 0.8520, 0.8450, 0.8390, 0.8250

Nearest resistance levels: 0.8650, 0.8700, 0.8800

The price of gold stabilized near a strong level of $ 1,300 per troy ounce. Reduction is limited by the levels of support at 1290 and 1280. A signal to buy will be price fixing above 1312, to sell - fixing below 1290. We expect the resumption of growth of gold and keep medium and long term positive outlook for gold.

Nearest support levels: 1300, 1280, 1275, 1265

Nearest resistance levels: 1312, 1330, 1344, 1352

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