20.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 declined to a strong support level of 1820 and are consolidating above this level. In case of further decrease, the price can reach 1810 and 1800. Growth is limited by the resistance at 1840. Increase in volatility is expected at 13:30 GMT after the data on the labor market and inflation in the United States.
Nearest support levels: 1820, 1810, 1800, 1780
Nearest resistance levels: 1840, 1850
The price of EUR/USD dropped sharply to 1.37, on the negative statistics. For further reduction the price should fix below the level of 1.37. Growth is limited by resistance at the local maximum 1.3770.
Nearest support levels: 1.3700, 1.3680, 1.3630
Nearest resistance levels: 1.3770, 1.3810
The price of GBP/USD is consolidated above the strong support line at 1.6640. In case of further decrease, the price may reach 1.6550. Growth is limited by the level of local maximum at 1.6820.
Nearest support levels: 1.6640, 1.6650
Nearest resistance levels: 1.6820
On the chart USD/JPY is forming a figure "triangle". In case of price fixation beyond the borders of the figure, we expect a strong movement. Signal for the sale the will be price fixation below 101.50. We recommend opening long positions when price will fix above 102.70. The target price in this case will be at 104.70.
Nearest support levels: 101.50, 100.90
Nearest resistance levels: 102.70, 103.00, 103.50
The price of AUD/USD dropped to 0.8940 and at the moment is correcting upwards. At the same time the growth is limited by the resistance at 0.90. With the resumption of the decline, the price will reach 0.89.
Nearest support levels: 0.8930, 0.8900
Nearest resistance levels: 0.9000, 0.9070, 0.9160
The price of gold reached the target level of 1310 within the downward correctional channel. Growth is limited by the resistance at 1320 and the upper boundary of the channel. Purchases are likely to resume near the levels of 1310 - 1300. We maintain a long-term positive outlook for gold.
Nearest support levels: of 1310, 1290
Nearest resistance levels: 1330, 1360