25.04.2014 - Technical view

The price of the futures on a broad U.S. stock index S&P 500 has broken through the nearest resistance level at 1884, but failed to gain a foothold above it. To continue the growth the futures price will need to gain a foothold above historical highs around 1900. In case of decrease the quotes can fall to 1840. We expect the resumption of the downward movement in the medium term and maintain long-term negative outlook on the U.S. market.

Nearest support levels: 1873, 1840, 1813, 1800, 1780

Nearest resistance levels: 1884, 1900, 1950

The price of euro continues to consolidate in the corridor 1,3790-1,3850. After falling to the lower limit of the corridor, the price jumped upwards and is approaching to the level of 1.3850. In case of reduction, a signal to sell will be price fixing under the lower boundary of the corridor. In such case the targets will be at 1.3750 and 1.3700. Growth is limited by a strong resistance level at 1.3900. We expect continued downward movement and maintain a long-term negative outlook.

Nearest support levels: 1.3790, 1.3750, 1.3700, 1.3640, 1.3560

Nearest resistance levels: 1.3850, 1.3900, 1.3960

The price of GBP/USD continues to consolidate in the corridor 1,6770-1,6840. In case of growth, a signal to buy will be price fixing above 1,6840. We recommend opening short positions after fixing the price below 1.6770. In this case, the pound may reach the lower boundary of the channel and the level of 1.6700. We maintain a long-term positive outlook for the pound.

Nearest support levels: 1.6770, 1.6700, 1.6650, 1.6600

Nearest resistance levels: 1.6840, 1.6900, 1.7000

The price of USD/JPY continues to consolidate around the level of 102.35. The signals to buy, in case of future growth will be price fixing above 102.70. In this case, the quotes will rise to 104.00 and 104.70. Within the local rising channel, the price may reach 102.00. We reserve the medium and long term positive outlook for the USD/JPY.

Nearest support levels: 102.00, 101.25, 100.90, 100.40

Nearest resistance levels: 102.70, 104.00, 104.70, 105.40

The price of AUD/USD has fixed below 0.9300 and continued to decline. At the moment, the price has reached the target level of 0.9250 and rebounded from the lower boundary of the local descending channel and the border of rising channel. In case of further decline, confirming signal to open a short position will be price fixing below 0.9200. Growth is limited by the resistance level at 0.9300. We maintain a medium-term negative outlook for the Australian dollar.

Nearest support levels: 0.9250, 0.9215, 0.9130, 0.9100, 0.9000, 0.8925

Nearest resistance levels: 0.9300, 0.9400, 0.9460, 0.9500

The price of the New Zealand dollar has failed to overcome the resistance at 0.8630 and rolled down to the target level 0.8550 and now is consolidating above this mark. At the moment there is a high probability of an upward correction with the first target at 0.8600. In case of further decline, we recommend to open short positions after price fixing below the level of 0.8520. We expect continued growth in the medium term.

Nearest support levels: 0.8550, 0.8520, 0.8450, 0.8390, 0.8250

Nearest resistance levels: 0.8630, 0.8650, 0.8700, 0.8800

The price of gold has reached a level 1270, but bounced up. On the chart was formed the figure "triangle", after exiting from which we expect a strong price movement. In case of further decrease a signal to buy will be fixing price below 1278. We expect renewed growth with the first target near 1305, and maintain medium and long term positive outlook for gold.

Nearest support levels: 1278, 1265

Nearest resistance levels: 1305, 1312, 1330, 1344, 1352

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