21.03.2014 - Technical view
The price of futures on the broad U.S. stock index S&P 500 has reached the mark of 1875 and is consolidating in this area. Further growth is limited with historical highs around 1890. The signals to buy will be price fixing above this level. In case of reduction, a signal to sell will be price fixing below 1840.Potential for further growth is quite limited and we keep long-term negative outlook on the U.S. market.
Nearest support levels: 1858, 1850, 1840, 1830, 1820
Nearest resistance levels: 1880, 1900
The price of euro continued its downward movement and broke the lower boundary of the rising channel and support at 1.3810. In case of price fixing below these levels, we expect the fall to 1.3700, 1.3640 and 1.3560. Growth is limited by a strong resistance level at 1.3850. We maintain a long-term negative outlook for the euro.
Nearest support levels: 1.3700, 1.3630, 1.3650
Nearest resistance levels: 1.3810, 1.3850, 1.3900, 1.3960
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 and now is consolidating around these levels.. 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 continues to consolidate in a narrow range below 102.50. Low volatility is associated with the holiday in Japan. For the continued growth, the price needs to gain a foothold above $ 102.70. At the same time the objectives will be the levels 103.50 and 104.00. Decrease inside the rising channel is possible to level 101.90. 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 resumed growth within the local rising channel, which is located in the corridor 0,8925-0,9130. Growth is limited by a local maximum at 0.9130. We expect the resumption of the downward movement. A signal to sell will be price fixing below 0,9000. 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 the New Zealand dollar continues to consolidate around the level of 0.8540 after the previous decline. In case of further decrease, a signal to sell will be price fixing below 0.8500. The target prices in this case will be at 0.8450 and 0.8400. In order to determine the future direction - the new signals are needed.
Nearest support levels: 0.8500, 0.8450, 0.8390, 0.8350
Nearest resistance levels: 0.8600, 0.8700
The price of gold due to the strong correction has reached the inclined support line and the level of 1320, but could not overcome them. We expect the resumption of an upward movement with closest targets at 1344-1352. We keep medium and long term positive outlook.
Nearest support levels: 1330, 1320
Nearest resistance levels: 1344, 1352, 1,370, 1380, 1400