Murray Math Lines 08.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)

Analysis for March 8^th, 2013

USD/CAD

The pair rebounded twice from the 8/8 level and started moving upwards again; the bulls are supported by the H4 Super Trend’s line. Later, the price is expected to break the +2/8 level; in this case the lines at the chart will be redrawn.



At the H1 chart the pair is stuck between the Super Trends’ lines. If the market is able to keep the price above the Super Trend’s line, the pair will continue growing up. The short-term target is at the 8/8 level.

GBP/CHF

Both a local correction and the bulls were stopped by the daily Super Trend’s line. Right now the bears are trying to break the 4/8 level. If they succeed, the pair will continue falling down towards the 0/8 one.



At the H1 chart we can see that the Super Trends’ lines formed “bearish cross”. The pair is being corrected, but it doesn’t mean that the bears are weak. Most likely, the price will continue falling down and reach the 0/8 level, at least.

AUD/JPY

The pair is moving upwards quite fast. Right now the bulls have to keep the price above the 5/8 level. If they succeed, the pair will continue growing up towards the main target, the 8/8 level.



The lines at the H4 and the H1 charts are completely the same; the price movement is supported by the Super Trends’ lines. In the nearest future the bulls are expected to push the price upwards for about several hundreds of pips.



 
RoboForex Analytical Department