30.01.2014- Technical view
Futures on the broad U.S. stock index S&P 500 have failed to return inside the rising channel and again dropped to the level 1780. Bulls may try to return to the channel again, but at first it is necessary to overcome the resistance line at 1810. In case of further decrease, the first goal will be 1760.
Nearest support levels 1760
Nearest resistance levels: 1810, 1825, 1844
The price of euro continues to decline. If price will fix below 1.3630, the closest target will be at 1.3550. Growth is limited by the resistance at 1.3710. We remain a short-term negative outlook for the euro.
Nearest support levels: 1.3550, 1.3500
Nearest resistance levels: 1.3710, 1.3810
The price of the British pound has broken through the support line at 1.6550. Fall of prices may stop at 1.6460. In case of the continuing decline - 1.64 and 1.63 will serve as the levels of support. Growth is limited by the resistance at 1.6600.
Nearest support levels: 1.6460, 1.6400, 1.6300
Nearest resistance levels: 1.6600, 1.6630
The price of USD/JPY has fixed below the strong level of 102.50. In case of further decrease, the price can reach 101.60. Growth is limited with the frames of local descending channel and the nearest resistance at 103.00. Increase in volatility is expected after the publication of data on U.S. GDP growth (13:30 GMT).
Nearest support levels: 101.90, 101.60
Nearest resistance levels: 103.00, 103.90, 104.7
The price of AUD/USD has failed to break through the lower limit of the downward channel. In case of further decline, the price can reach the level of 0.8660. Growth is limited by the closest resistance line at 0.8830.
Nearest support levels: 0.8660
Nearest resistance levels: 0.8830, 0.8900
The price of gold continues to consolidate around a strong level of 1265 dollars per troy ounce. In case of further reduction the closest targets are placed at 1250 and 1242. We expect that the price will continue to move inside the rising channel. Bulls need a strong stimulus to overcome the resistance level of 1270.
Nearest support levels: 1250, 1242, 1220
Nearest resistance levels: 1265, 1280, 1290