26.03.2014 - Technical view

Futures on the broad U.S. stock index S&P 500 continues to move in the corridor 1858-1880. For further growth the price needs to gain a foothold above the level of 1880. A signal to sell will breaking through the lower boundary of the rising channel and fixing the price below 1840. We maintain a long-term negative outlook, but do not exclude the growth possibility in the medium term.

Nearest support levels: 1858, 1850, 1840, 1830, 1820

Nearest resistance levels: 1880, 1900

The price of euro sharply decreased to a strong level of 1.3750, but was unable to fix below it and returned to the level of 1.3810, where continues its consolidation. For further growth inside the rising channel, the price needs to gain a foothold above 1.3850. A signal to sell will be price fixing below 1.3750. We maintain a long-term negative outlook for the euro.

Nearest support levels: 1.3750, 1.3700, 1.3630, 1.3650

Nearest resistance levels: 1.3850, 1.3900, 1.3960

The price of GBP/USD corrected upwards within the local downstream channel and hit 1.6500 but failed to gain a foothold above it. For continued growth the price needs to break the upper limit of the channel and to gain a foothold above the mark 1.6500. Thus there is the possibility of renewed price reduction within the channel to the level of 1.6400. In the medium term the price will continue to move in the downward channel.

Nearest support levels: 1.6400, 1.6300

Nearest resistance levels: 1.6500, 1.6600, 1.6650, 1.6770, 1.6820

The price of USD/JPY continues its consolidation in a narrow corridor 102,15-102,50. In case of decrease the price may reach the lower limit of the upward channel. The signals to buy will be price fixing above the strong level of 102.70. We keep medium and long term positive outlook for the USD/JPY.

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 has overcome the resistance level of 0.9150 and reached the upper boundary of the rising channel. At the moment, there is a great probability of correction inside the rising channel. In the medium term the price can continue to move upwards to the level of 0.9300.

Nearest support levels: 0.9130, 0.9100, 0.9000, 0.8925, 0.8900, 0.8830

Nearest resistance levels: 0.9200, 0.9300

The price of the New Zealand dollar after a long consolidation continued ascending movement and is now heading to 0.8600. In case of correction, the quotes can fall to the lower limit of the corridor 0,8520-0,8600. The signals to buy will be price fixing above 0.8630. We will need new signals to determine the future direction of the price.

Nearest support levels: 0.8500, 0.8450, 0.8390, 0.8250

Nearest resistance levels: 0.8600, 0.8630, 0.8700

Decline of the gold prices has stopped near the level of 1310. Now the price approached the upper limit of the local downstream channel and probably will break it. In case of growth, the closest targets will be at the levels of 1320 and 1330. Further fall is limited with the borders of the downward channel. We maintain a long-term positive outlook.

Nearest support levels: 1310, 1300

Nearest resistance levels: 1320, 1330, 1344, 1352

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