19.03.2015 - ​Technical view

The price of EUR/USD has broken through the inclined resistance line and showed a sharp rise within which broke through the important levels of 1.0900 and 1.1000, but was unable to consolidate above the given marks and resumed falling. According to our forecasts, in the near future quotes will reach the level of 1.0700, and then can continue to move downwards to 1.0500. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 1.1000.

Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD failed to gain a foothold below the level of 1.4700 and showed strong growth within which has broken through the sloping resistance line and reached the psychologically important level of 1.5000. At the moment, the quotes have resumed a downward movement and, according to our forecasts, will continue to decline to a level of 1.4850 in the near future, after which the decline may continue to 1.4700 and 1.4500. Our medium-term view remains negative.

Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4900, 1.4700, 1.4500

February 5, 2015 of GBP-USD Performance

The price of USD/JPY returned inside the rising channel and reached its lower boundary and an important level of 119.50. Currently quotes show an increase within the channel part, after rebound from its bottom border. We recommend holding long positions with a stop below 119.50 and expect continued growth of price in the near future with the first targets at 121.50 and 122.00. Our medium-term outlook also remains negative.

Nearest resistance levels: 122.00, 125.00

Nearest support levels: 120.50, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD after some consolidation above 0.7600 has broken through the inclined resistance line and showed strong growth up to 0.7850. At the moment, quotes renewed fall and in the near future we will probably see a drop in prices to 0.7700. Our medium-term negative outlook and recommendation to hold short positions with a stop above 0.7900 remains unchanged.

Nearest resistance levels: 0.7750, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7700, 0.7600, 0.7500, 0.7200

The price of NZD/USD failed to gain a foothold below the level of 0.7310 and continued to fall and showed strong growth. At the moment, quotes fall after failing to consolidate below the level of 0.7500. If the price will fix above this level, growth may continue up to 0.7600. We expect the reduction of the quotations in the near future with the first target at 0.7400. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7500, 0.7570, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000

January 27 of USD Performance

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