20.03.2014 - Technical view

Futures on the broad U.S. stock index S&P 500 has failed to reach the resistance at 1880 fell sharply and moved to the next support level 1858, near which is now consolidating. In case of continued downward movement, the price can reach 1840 and the lower limit of the upward channel. We maintain a long-term negative outlook on the U.S. market. In case of reduction, a signal to sell will be price fixing below 1840.

Nearest support levels: 1858, 1850, 1840, 1830, 1820

Nearest resistance levels: 1880, 1900

The price of euro after a long consolidation broke through the level 1.39 and the lower boundary of the local downstream channel and reached the level of support at 1.3810. We expect consolidation to the level of 1.3850, after which the decline may resume. We maintain a long-term negative outlook for the euro.

Nearest support levels: 1.3850, 1.3810, 1.3770, 1.3630

Nearest resistance levels: 1.3900, 1.3960, 1.4000

The price of GBP/USD after a sharp decline has reached the support level at 1.6500, the lower limit of both rising channel and descending local channel. We forecast a rebound from these levels with the target near 1,6580-1,6600. We keep medium and long term positive outlook for the British pound.

Nearest support levels: 1.6500, 1.6400

Nearest resistance levels: 1.6600, 1.6650, 1.6770, 1.6820

The price of USD/JPY has reached 102.70 the target level of and rolled back. After consolidation around 102,00-102,50, we expect further upward movement to the level of 103.50 and the upper limit of the upward channel. We keep medium and long term positive outlook.

Nearest support levels: 101.90, 101.25, 100.90, 100.40

Nearest resistance levels: 102.70, 103.50, 104.00, 104.70

The price of AUD/USD has broken through support at 0.9100 and inclined support line, then reached the mark of 0.9000, but could not overcome it. Correction is possible up to the level of 0.9050, after which we expect the resumption of decline to 0.8925. We maintain a long-term negative outlook for the Australian dollar.

Nearest support levels: 0.9000, 0.8925, 0.8900, 0.8830

Nearest resistance levels: 0.9100, 0.9130, 0.9170

The price of NZ dollar failed to gain a foothold above the level of 0.86 and has fallen sharply. The price broke the lower boundary of the channel and reached the support at 0.8525. In case of further decrease, a signal to sell will be price fixing below 0.8500. We maintain a positive medium-term outlook for the New Zealand dollar.

Nearest support levels: 0.8500, 0.8450, 0.8390, 0.8350

Nearest resistance levels: 0.8600, 0.8700

The price of gold has broken through the level 1352 dollars per troy ounce and reached the a strong support level at 1330. We expect the price to continue consolidating above this mark, after which it may resume the growth. We keep medium and long term positive outlook.

Nearest support levels: 1330, 1320

Nearest resistance levels: 1344, 1352, 1,370, 1380, 1400

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