19.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 continues to consolidate near the mark 1840. Long-term consolidation points on the weakness of the bulls. Fixation above this level will allow continuing an upward movement. Growth is limited by historical highs located in the area of 1850. Correction is possible to 1820. We expect the increase of volatility after the release of data on the housing market in the U.S. (13:30 GMT).
Nearest support levels: 1820, 1800, 1780
Nearest resistance levels: 1850
The price of EUR/USD continues to rise after the consolidation above 1.37. At the moment, we see a consolidation, after which we expect the growth continuation to the nearest high around 1.3810. Correction is possible to 1.37.
Nearest support levels: 1.3700, 1.3680, 1.3630
Nearest resistance levels: 1.3810
GBP/USD price reduction has stopped above the support level 1.6640, which could mean the end of the correction with the possibility of further growth, stimulus for which may be the publication of data on the UK labor market (09:30 GMT). Growth is limited by a local maximum near 1.6820.
Nearest support levels: 1.6640, 1.6650
Nearest resistance levels: 1.6820
The price of USD/JPY continues to correct downwards. Resumption of purchases is possible from level 102.00, but with taking into consideration the weakening of the dollar, there is no clear signal to open new positions. Growth is limited by the resistance at 102.70. In case of further decline, the price may reach 101.50.
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. Increase in volatility is expected tomorrow after the release of Chinese data (1:45 GMT).
Nearest support levels: 0.9000, 0.8930, 0.8900
Nearest resistance levels: 0.9070, 0.9160
The price of gold continues to consolidate near the level $ 1,320 per troy ounce. At the moment, the price has reached the lower limit of the local rising channel. In case of resumption of growth and fixing the price above 1330, the quotes can reach the level 1360. The closest support is placed at 1310.
Nearest support levels: 1 310, 1290
Nearest resistance levels: 1330, 1360