29.04.2014 - Technical view

The price of the futures on a broad U.S. stock index S&P 500 is trying to fix below 1873. The target at further reduction will be at 1840. To resume growth the quotes need to overcome the level 1884. We expect the downward movement in the medium term and maintain long-term negative outlook on the U.S. market.

Nearest support levels: 1840, 1813, 1800, 1780

Nearest resistance levels: 1873, 1884, 1900, 1950

The price of euro has left the corridor 1,3790-1,3850 and tries to gain a foothold above 1.3850. With further increase the price will reach 1.3900. In case of reduction, the price will return into the corridor. We expect the resumption of the downward movement in the medium term and maintain a long-term negative outlook.

Nearest support levels: 1.3850, 1.3790, 1.3750, 1.3700, 1.3640, 1.3560

Nearest resistance levels: 1.3900, 1.3960

The price of GBP/USD has failed to move beyond the corridor 1,6770-1,6840 and continues to consolidate around the level of 1.3800. 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. The objectives in such case will be the lower boundary of the rising 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 rebounded from the bottom of the local rising channel and approaches the strong resistance level at 102.70. For further growth, the price needs to gain a foothold above this level. Fall is limited by the lower boundary of the channel. We keep 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 broke the lower boundary of the rising channel and continued to decline within the local downward channel. In case of further decrease the price will reach 0.9200. Growth is limited by the resistance level at 0.9300. The potential for further reduction in the price has dropped significantly, but we maintain a medium-term negative outlook for the Australian dollar.

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

Nearest resistance levels: 0.9300, 0.9330, 0.9400, 0.9460, 0.9500

The price of the New Zealand dollar resumed its fall, broke through the support level at 0.8550 and reached 0.8520. A signal to sell will be price fixing below the support at 0.8520. Growth is limited by a strong resistance level at 0.8630. We expect the resumption of growth in the medium term.

Nearest support levels: 0.8520, 0.8450, 0.8390, 0.8250

Nearest resistance levels: 0.8550, 0.8630, 0.8650, 0.8700, 0.8800

The price of gold failed to break the upper boundary of the "triangle" and the level of 1305, and began to decline. We expect strong price movement after price leaving the figure. The signals to buy will be price fixing above 1305 with targets at 1330, 1360 and 1380. In case of reduction, a signal to sell will be price fixing below 1278. We keep 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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