Murray Math Lines 05.02.2013 (GBP/CHF, AUD/JPY, USD/CAD)

Analysis for February 5^th, 2013

GBP/CHF

The GBP/CHF currency pair is still being corrected; the bears are supported by the H4 Super Trend’s line. Most likely, in the nearest future the price will break a local minimum and reach the 0/8 level.



At the H1 chart the price rebounded from the 3/8 level. If the sellers are able to keep the price below the Super Trends’ line once again, the pair will start a new descending movement. The target for the bears is the 0/8 level.

AUD/JPY

The AUD/JPY currency pair is still being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the line, the pair will start a new ascending movement. The target is still at the 8/8 level.



After rebounding from the 8/8 level, the price started a correction. Right now the pair is moving near the 6/8 level. If the market rebounds from this level, the pair may enter an “overbought zone” and break the +2/8 one. In this case, the lines at the chart will be redrawn.

USD/CAD

Canadian Dollar started moving downwards; the Super Trends’ lines have already formed “bearish cross”. Right now the pair is being corrected. If the market rebounds from the current levels, the price will start a new descending movement.



The price is moving in the middle of the H1 chart. If the sellers are able to keep the price below the 3/8 level, the pair will continue falling down. The target for the bears is the 0/8 level.



 
RoboForex Analytical Department