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30.04.2014 - Technical view

Price of the futures on a broad U.S. stock index S&P 500 is trying to fix below 1873. To continue the growth the quotes need to overcome the level 1884. In case of decrease, a signal to sell will be price fixing below the nearest local minimum around 1860. In such case the price may fall to 1840 and 1813. We expect the downward movement of the futures in the medium term and maintain long-term negative outlook on the U.S. market.

Nearest support levels: 1860, 1840, 1813, 1800, 1780

Nearest resistance levels: 1884, 1900, 1950

The price of euro failed to gain a foothold above the upper boundary of the corridor 1,3790-1,3850 and returned to its frames. Growth is limited by the resistance level at 1.3870. In case of reduction, a signal to sell will be price fixing below support at 1.3790. We expect the resumption of the downward movement in the medium term and maintain a long-term negative outlook.

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

Nearest resistance levels: 1.3850, 1.3900, 1.3960

The price of GBP/USD continues to consolidate in the corridor 1,6770-1,6840. In case of growth, a signal to buy will be price fixing above 1,6840. Growth is limited by the upper boundary of the rising channel. We recommend opening short positions after fixing the price below 1.6770. The objectives 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 has reached the target level of 102.70, but could not overcome it and started to correct downwards. For further growth, the price needs to fix above this level. In such case, the price can reach the level 104.00 and 104.70. Decline 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

March 26 of USD Performance

The price of AUD/USD has corrected upwards within the local downward channel and is trying to fix under the lower boundary of the ascending channel. In such case the price will continue to decline with the closest target at 0.9200. Growth is limited by the resistance level at 0.9300. 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 has reached the level 0.8520 and rebounded from it. Further growth is limited by the inclined line of resistance and a strong level at 0.8630. In case of reduction, a signal to sell will be price fixing below the support at 0.8520. We expect continued growth in the medium term.

Nearest support levels: 0.8550, 0.8520, 0.8450, 0.8390, 0.8250

Nearest resistance levels: 0.8630, 0.8650, 0.8700, 0.8800

The price of gold continues to move below the lower edge of the formation "triangle". We expect strong price movement after exiting beyond the borders of the figure. The signal to buy will be price fixing above 1305 with targets at 1330, 1360 and 1380. In case of decrease, 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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