Murray Math Lines 15.02.2013 (NZD/USD, AUD/JPY, EUR/JPY)

Analysis for February 15^th, 2013

NZD/USD

New Zealand Dollar is moving in the middle of the chart. We can’t exclude a possibility that the bulls may break the 4/8 level and continue pushing the price towards new maximums. If the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.



At the H1 chart the bulls are supported by the Super Trends’ lines; the market is just several pips away from an “overbought zone”. There is a possibility that the price may break the 8/8 level during Friday.

AUD/JPY

The AUD/JPY currency pair is still consolidating; the price is moving above the daily Super Trend’s line and may continue growing up. The market is already moving above the 5/8 level, so the next target is at the 8/8 one.



The bulls’ first attempt to enter an “overbought zone” failed. However, the pair rebounded from the 4/8 and 5/8 level several times, which means that it may start a new ascending movement. If the pair breaks the Super Trends’; lines backwards, it will confirm this scenario.

EUR/JPY

The EUR/JPY currency is trying to leave an “overbought zone”. However, the price is supported by the daily Super Trend’s line. If the bulla rebound from the line, the price will start a new ascending movement.



At the H1 chart the bears were stopped by the 2/8 level; I assume that the price may rebound from this level. If later the market is able to keep the price above the Super Trend’s line, the pair will move towards the 8/8 level.



 
RoboForex Analytical Department