Murray Math Lines 27.02.2013 (USD/CAD, USD/CHF, EUR/GBP)
27.02.2013
Analysis for February 27th, 2013
USD/CAD
The market is trying to keep the price inside an “overbought zone”. We can’t exclude a possibility that the pair may try to test the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement towards the 8/8 level.
The pair is moving in the upper part of the H1 chart; the bulls are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may break the +2/8 level. In this case the lines at the chart will be redrawn.
USD/CHF
Franc is still being corrected inside an “overbought zone”. Earlier the price rebounded from the daily Super Trend’s line. We can’t exclude a possibility that the pair may break the +2/8 level during Wednesday. In this case the lines at the chart will be redrawn.
At the H1 chart we can see that the pair is very close to the +2/8 level; the price is supported by the H1 Super Trend’s line. If the pair rebounds from the line, the bulls will break the +2/8 level. After that the lines at the chart will be redrawn.
EUR/GBP
The pair rebounded from the 8/8 level, which means that the price may start a correction. Now the bears have to break the daily Super Trend’s line and keep the price below it. If they succeed, the pair may start a new down-trend.
At the H1 chart the pair is moving between the Super Trends’ lines, which have already formed “bearish cross”. Right now the price is near the 4/8 level. If the bears are able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.
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