20.02.2015 - Technical view
The price of EUR/USD corrected downwards after another failed attempt to break through the resistance at 1.1450. A further fall in prices is limited by the level of support at 1.1280. If the price falls below this level, we expect the decline to 1.1150 and 1.1100. A signal to buy with the upside potential to 1.1620 and 1.1750 will be price fixing above the level of 1.1500. We maintain our medium-term negative outlook and recommend holding short positions.
Nearest resistance levels: 1.1450, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000
Nearest support levels: 1.1350, 1.1280, 1.1100, 1.1000, 1.0800, 1.0500
The price of GBP/USD corrected downwards to 1.5400, but continues to move inside the rising channel and according to our estimates will reach 1.5500 in the near future. In case of further correction, the price will drop to 1.5350 and the lower boundary of the rising channel. We expect continued growth in the near future and recommend holding long positions, but the medium-term outlook on the British pound remains negative.
Nearest resistance levels: 1.5500, 1.5750, 1.5800
Nearest support levels: 1.5350, 1.5300, 1.5200, 1.5050, 1.5000, 1.4700, 1.4500
The price of USD/JPY once again rebounded from the support level at 118.50 and is currently consolidating near 119.00. Falling of the price is limited by a strong support at 118.50. In case of growth, the price will reach marks of 120.00 and 120.50. Fixing the price below 118.50, will be a signal for closing long positions and opening short ones with a potential drop to 117.00 and 116.00. Our medium-term outlook remains positive and we recommend holding long positions.
Nearest resistance levels: 120.00, 120.50, 122.00, 125.00
Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00, 113.00
The price of AUD/USD is consolidating within the corridor 0,7740-0,7840. In case of breaking through and fixing above the upper boundary of the corridor, we expect the price increase to 0.8000 and recommend opening short-term long positions. Despite this, our medium-term outlook remains negative and we recommend holding short positions with the closest targets at 0.7660, 0.7600 and 0.7500.
Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360
Nearest support levels: 0.7740, 0.7660, 0.7600, 0.7500
The price of NZD/USD corrected downwards inside the rising channel and is currently consolidating above an important level of 0.7500, fixing above which is a confirmation of the signal to open long positions with the upside potential to 0.7620 and 0.7700. The fall is limited by the level of support at 0.7440 and the lower boundary of the channel. We recommend to open short-term long positions and expect new signals to determine the medium-term forecast.
Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7440, 0.7340, 0.7200, 0.7000