28.01.2014 - Technicals
Futures on the broad U.S. stock index S&P 500 started to correct after reaching the strong support at 1780. The future direction of the market will be determined after the announcement of meeting results of the U.S. Federal Reserve.
The next support levels: 1780, 1760
Nearest resistance levels: 1810, 1825, 1844
The price of euro continues to consolidate below 1.37. If the price will be fixed above the level of 1.3710, the next target will be at 1.3810. When falls below 1.3650, we expect a decline to 1.3630 and 1.3600. We do not expect a strong movement until the Fed's decision tomorrow.
Nearest support levels: 1.3630, 1.3550, 1.3500
Nearest resistance levels: 1.3710, 1.3810
The price of the British pound is traded near the strong level 1.6600. The price needs to gain a foothold above 1.6630 in order to continue an upward movement. Correction is possible to 1.6550. The most likely scenario is the continued growth of GBP/USD quotes.
Nearest support levels: 1.6550, 1.6450
Nearest resistance levels: 1.6630
The price of USD/JPY started to correct, after the sharp decline in the end of last week. In case of overcoming the resistance at 103.00, the price will strive to 103.90. In case of dollar strengthening, the price of a pair may drop to 101.90.
Nearest support levels: 101.90
Nearest resistance levels: 103.00, 103.90
The price of AUD/USD has returned into the local downstream channel. The closest target is 0.8840, after which we expect the rollback. In case of breaking through the resistance at 0.8840, the price is likely to reach 0.8900.
Nearest support levels: 0.8680
Nearest resistance levels: 0.8840, 0.8900
The price of gold has returned inside the rising channel and reached the level of support at 1255. In case of further decline the purchases can be resumed near the level 1242 dollars per troy ounce. We expect volatility increase tomorrow after 19:00 GMT. At this time, will be announced the results of the meeting of the Federal Open Market Committee of the U.S. Federal Reserve.
Nearest support levels: 1242, 1220
Nearest resistance levels: 1265, 1277, 1290