24.01.2014 - Technicals
Futures on the broad U.S. stock index S&P 500 declined to the lower limit of the corridor 1825-1844. We expect that the price will continue to move inside the rising channel. In case of continued downward movement, the price will reach 1810.
The nearest support levels: 1825, 1810
Nearest resistance levels: 1844
After a strong growth on the day before, the price of EUR/USD started to consolidate below 1.37. The correction is possible to the level of 1.3630. Growth of volatility is expected after the speech of ECB President Mario Draghi, at the Davos forum (17:00 GMT).
Nearest support levels: 1.3500, 1.3460
Nearest resistance levels: 1.3630, 1.3710, 1.3810
The price of GBP/USD continued to rise and reached the level 1.6330. In case of correction, the price can fall to 1.66 and 1.6550. In case of fixing above 1.66, we will see the growth continuation.
Nearest resistance levels: 1.6700
Nearest support levels: 1.6600, 1.6550, 1.6460
The weakening of the dollar has led to a significant correction of USD/JPY. After reaching 104.70 the quotes started to decline and broke support at 103.90 and 103.35. Now, the price is heading to the support level at 102.50.
Nearest support levels: 102.50
Nearest resistance levels: 103.35, 103.90
The price of AUD/USD has broken through the lower limit of the downward channel. In case of fixing under the level of 0.8750, the next target will be 0.8600. We maintain a long-term negative outlook.
Nearest support levels: 0.8600
Nearest resistance levels: 0.8750, 0.8900, 0.8950
After reaching a strong resistance level 1265 per troy ounce, which coincided with the upper boundary of the local rising channel, the price started to correct. The closest target in case of reduction is at 1242 dollars per troy ounce. We expect that the price will continue to move within the channel.
Nearest support levels: 1242, 1230, 1220
Nearest resistance levels: 1265