Murray Math Lines 12.02.2013 (NZD/USD, AUD/JPY, EUR/GBP)
12.02.2013
Analysis for February 12th, 2013
NZD/USD
The pair rebounded from the 4/8 level again and right now is moving above the Super Trends’ lines. If the bulls are able to keep the price above the 5/8 level, the pair will continue growing up. The target for the buyers is at the 8/8 level.
At the H1 chart we can see that the bears were stopped by the 0/8 level and at the moment the pair is trying to start a new ascending movement. In the near term, the pair is expected to move towards the 4/8 level. If later the price breaks this level, the market will continue growing up.
AUD/JPY
The AUD/JPY currency pair started moving upwards again and has already broken the Super Trends’ lines. Most likely, in the nearest future the price will continue growing up. The target for the bulls is the 8/8 level.
At the H1 chart the pair is about to enter an “overbought zone”; yesterday the Super Trends’ lines formed “bullish cross”. We can’t exclude a possibility that the price may break the 8/8 level during the day. In this case the bulls will continue pushing the price towards the +2/8 level.
EUR/GBP
The EUR/GBP currency pair is trying to start a new ascending movement. Yesterday the price rebounded the Super Trends’ lines and right now is moving above the 6/8 level. Most likely, the pair will continue growing up towards the 8/8 level.
The pair is moving in the middle of the H1 chart. On Monday the Super Trends’ lines formed “bullish cross”. If the bulls are able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.
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