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Murray Math Lines 25.01.2013 (AUD/USD, AUD/JPY, EUR/GBP)

25.01.2013

Analysis for January 25th, 2013

AUD/USD

At the H4 chart we can see that the market was able to keep the price below the 3/8 level and the daily Super Trend’s line. We can’t exclude a possibility that the price may start a new descending movement during the day. The target for the bears is at the 0/8 level.



At the H1 chart the pair is moving inside an “oversold zone” and supported by the Super Trend’s line. It looks like the price is going to break the -2/8 level within the next several hours. In this case, the lines at the chart will be redrawn.



AUD/JPY

The AUD/JPY currency pair entered an “overbought zone” again; the bulls are supported by the daily Super Trend’s line, which the price rebounded from several days ago. It looks like the pair is going to break the +2/8 level. If it succeeds, the lines at the chart will be redrawn.



At the H1 chart the Super Trends’ lines formed “bullish cross”. We can’t exclude a possibility that the pair may break the 8/8 level within the next several hours. After that the price is expected to break the +2/8 level. In this case the lines at the chart will be redrawn.



EUR/GBP

Yesterday the pair stopped consolidating and broke a local maximum; the bulls continue pushing the market towards the 8/8 level. Most likely, a slight correction will take place during the next several hours, during which I’m planning to open one more transaction – I’ve already placed a limit order.



At the H1 chart the pair is already moving above the 5/8 level; the bulls are supported by the Super Trend’s line. After a local correction, the price is expected to start a new ascending movement towards the 8/8 level.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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