Murray Math Lines 14.02.2013 (NZD/USD, AUD/JPY, EUR/GBP)

Analysis for February 14^th, 2013

NZD/USD

New Zealand Dollar continues moving upwards; yesterday the bulls broke a local maximum. At the moment the market is being corrected and I opened one more buy order. The target is still at the 8/8 level.



At the H1 chart we can see that the pair started a correction form the 6/8 level; the buyers are supported by the Super Trend’s line. If the price rebounds from the current levels, the market will start a new ascending movement towards the 8/8 level.

AUD/JPY

After rebounding from the daily Super Trend’s line the market started moving upwards again and I moved the stops into the black. We can’t exclude a possibility that in the nearest future the price may break a local maximum. The main target is still at the 8/8 level.



At the H1 chart the bulls are trying to enter an “overbought zone”; the buyers are supported by the Super Trend’s line. Most likely, the pair will continue moving upwards. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.

EUR/GBP

The Super Trends’ lines formed “bullish cross” and the pair continued moving upwards. It looks like the price is going to break a local maximum during the day. Later the market is expected to reach the 8/8 level.



At the H1 chart the pair is about to enter an “overbought zone”. The pair may break the 8/8 level during the day. If later the bulls break the +2/8 level, the lines at the chart will be redrawn.



 
RoboForex Analytical Department