27.03.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 broke through the lower boundary of the rising channel and reached 1850. In case of further decline, a signal to sell will be price fixing lower than 1840, with the first goal in the area of 1780. Growth is limited by the resistance at 1880. We maintain a long-term negative outlook on the futures.
Nearest support levels: 1850, 1840, 1830, 1820
Nearest resistance levels: 1858, 1880, 1900
The price of euro continues to move above the lower boundary of the rising channel. Growth is limited by the strong level of 1.3850. In case of further decline, a signal to sell will be price fixing below 1.3750. In this case, the price can reach 1.3650 and 1.3550. 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 has overcome the level of 1.6550 and has broken through the upper limit of the local downstream channel. An increase in price may slow down near the level of 1.6600. In case of continued growth, the closest targets will be at 1.6650 and 1.6750 levels. We maintain a long-term positive outlook.
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 to move inside the rising channel. Increase in volatility is expected tonight (23:30 GMT) after the release of block of macro stats. In case of decrease the price can reach the bottom of the channel and the level of 101.50. A buy signal will be fixing the price above the mark 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 broken through the upper limit of the upward channel, has overcome the level of 0.9200 and continued an upward movement. After reaching the level of 0.9300, we expect a correction. We will need new signals to determine further progress.
Nearest support levels: 0.9200, 0.9130, 0.9100, 0.9000, 0.8925
Nearest resistance levels: 0.9300
The price of the New Zealand dollar continued to rise and reached the level of 0.8630. A buy signal will be fixing the price above this level. In the near future we expect the correction within the corridor 0,8520-0,8630. We need new signals in order to determine the future direction of the price.
Nearest support levels: 0.8500, 0.8450, 0.8390, 0.8250
Nearest resistance levels: 0.8700
The price of gold continued to fall along the upper boundary of the descending channel and reached the psychological mark of $ 1,300 per troy ounce. Considering a strong downward momentum of recent weeks, we see a high probability of breaking the upper boundary of the channel and price correction with the first goal in the area of $ 1,320 per troy ounce. We maintain a long-term positive outlook for gold.
Nearest support levels: 1300, 1290, 1275
Nearest resistance levels: 1320, 1330, 1344, 1352