21.01.2014 - Technicals

Futures on the broad U.S. stock index S&P 500 continues to consolidate near the maximum levels. We expect a continuation of price movement in the uplink. Nearest support levels: 1825, 1810

The price of EUR/USD continues to move in the downward channel. We expect the movement to proceed within the local channel. Confirmation of "sell" signal will be the fixing of price below the local support 1.6520. Nearest support levels: 1.3500, 1.3460 Nearest resistance levels: 1.3560, 1.3630

The price chart of GBP/USD has formed a figure called "triangle". When exiting from the figure, we expect a strong movement. Confirmation of a "buy" signal will be fixing of price above $ 1.6460. Confirmation of "sell" signal will be the fixation lower than 1.6320. The target in case of growth will be a local maximum at 1.66, in case of decline - the support level at 1.6140. Nearest support levels: 1.6350, 1.6320, 1.6260 Nearest resistance levels: 1.6460, 1.6500, 1.6600

The price of USD/JPY approached the strong resistance level at 104.70. After a significant correction, we expect the resumption of growth. Further progress will depend on the statements of the Bank of Japan on its future monetary policy. We expect that the bank will keep its policy of weakening the national currency and to achieving the inflation target level - 2.0%. In this case, the resistance level 104.70 will be broken and the price can reach 105.40. Nearest support levels: 103.90, 103.35 Nearest resistance levels: 104.70, 105.00, 105.40

After a significant decrease the price of the Australian dollar is consolidating at the lower boundary of the local descending channel. The price can’t rise above the strong resistance level of 0.8840. We expect that the price will continue to move within the channel. Nearest support levels: 0.8760 Nearest resistance levels: 0.8840, 0.8900

The price of gold continues to move in a sinusoidal manner. Chart approached an inclined support line, which coincides with the horizontal line of support at 1242. Growth is limited by the upper boundary of the rising channel. Nearest support levels: 1242, 1230, 1220 Nearest resistance levels: 1258, 1265

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.