22.01.2014 - Technicals

Futures on the broad U.S. stock index S&P 500 did not chose the further direction and continues to consolidate near the historical maximum levels. We expect that the price will continue to move inside the rising channel. The next support levels: 1825, 1810

Quotations of EUR/USD went beyond the borders of descending channel and are consolidating around 1.3550 mark. In the case of continued growth, the closest target is 1.3500. Growth is limited by a strong level 1.3630 The next support levels: 1.3500, 1.3460 Nearest resistance levels: 1.3630, 1.3710

The price of GBP/USD has moved beyond the borders of the "triangle". Confirmation of a buy signal was fixing prices above the level of 1.6460. The immediate goal is the level of 1.66, after breaking which is likely to continue growth. Fundamental reason for the rise in quotations has become a positive labor market statistics for November, where the unemployment rate declined to 7.1%, while the forecast was 7.3%. The number of unemployed fell by 24 thousand, though expected decline was 33.8 thousand Nearest resistance levels: 1.6600 The next support levels: 1.6460, 1.6350

Small Chart

Quotations of USD/JPY are consolidating in the range 103.90 - 104.70. After the consolidation, we expect the resumption of price growth. Further price movement will depend on the monthly economic report of the Bank of Japan. In case of breaking the resistance level of 104.70 and the price can reach 105.40. Nearest support levels: 103.90, 103.35 Nearest resistance levels: 104.70, 105.00, 105.40

After consolidating the price of AUD/USD has broken and fixed above the level of 0.8840. The increase was caused by the release of data on inflation in Australia which has grown by 0.8% which was higher than expected growth of 0.5%. We expect that the price will continue to move in the downward channel and maintain a long-term negative outlook. Nearest support levels: 0.8840, 0.8760 Nearest resistance levels: 0.8900, 0.8950

The price of gold approached the lower boundary of the local rising channel. Besides, the reduction is limited by a strong level 1242. Growth is limited by the upper boundary of the rising channel and strong resistance 1265. Nearest support levels: 1242, 1230, 1220 Nearest resistance levels: 1258, 1265

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