21.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 rebounded from the strong support at 1820 and has overcome the resistance at 1840. Further growth is limited by resistance at historic highs, near 1850.
Nearest support levels: 1820, 1810, 1800
Nearest resistance levels: 1850
The price of EUR/USD declined sharply yesterday to 1.37, on the negative statistics, but could not break through it. At the moment the price is consolidating above this level and may soon reach the lower limit of the local rising channel. After reaching the boundary of the channel, we expect further growth to 1.3810. In case of price fixing below 1.37, the price is likely to reach 1.3630.
Nearest support levels: 1.3700, 1.3680, 1.3630
Nearest resistance levels: 1.3770, 1.3810
The price of GBP/USD is clamped between the sloped line of resistance and a strong support level at 1.6640. In case of price fixing below this level is expected the reduction to 1.6550 and 1.6460. The signal to buy will be fixing the prices above 1.6730.
Nearest support levels: 1.6640, 1.6550, 16460
Nearest resistance levels: 1.6820
On the price chart of USD/JPY was formed the figure "triangle". In case of price fixing beyond the borders of figure, we expect a strong movement. Signal for the sale will be price fixation below 101.50. We recommend opening long positions when the price will fix above 102.70. The target level in this case would 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 has won back yesterday's losses and now is consolidating around a strong level of 0.90. Further price direction is difficult to be determined. Growth is limited by the resistance at 0.9070. In case of decline, the price can reach the support level at 0.8930.
Nearest support levels: 0.8930, 0.8900
Nearest resistance levels: 0.9070, 0.9160
The price of gold has reached the target level 1310, then resumed its upward movement and at the same time the price came out of the local descending channel. We expect that the price will continue to rise. The resistance is at $ 1,330 per troy ounce, support is at 1310.
Nearest support levels: 1310, 1290
Nearest resistance levels: 1330, 1360