Murray Math Lines 12.03.2013 (USD/CAD, AUD/USD, EUR/JPY)

Analysis for March 12^th, 2013

USD/CAD

Canadian Dollar is still consolidating; the bulls are supported by the 8/8 level. If the price rebounds from this level, the pair will start growing up again. After the market breaks the +2/8 level, the lines at the chart will be redrawn.



At the H1 chart we can see that the pair rebounded from the 0/8 level twice. However, in order to start a new ascending movement, the bulls have to break the Super Trends’ lines. If they succeed, the first target will be at the 4/8 level.

AUD/USD

Australian Dollar is still moving between the 5/8 and 3/8 levels. If the price succeeds in rebounding from the daily Super Trend’s line, the pair will continue moving downwards. After the market keeps the price below the 3/8 level, the next target will be at the 0/8 one.



Despite the fact that the pair is moving inside an “overbought zone”, the bears are supported by the daily Super Trend’s line and it may help them to start a new descending movement. If the pair break the 8/8 level and the Super Trends’ lines, I’m planning to open several more sell orders.

EUR/JPY

Yesterday the buyers entered an “overbought zone”; earlier the Super Trends’ lines formed “bullish cross”. We can’t exclude a possibility that the price may continue growing up during the day. After the market breaks the +2/8 level, the lines at the chart will be redrawn.



At the H1 chart we can see that almost nothing may prevent the bulls from breaking the +2/8 level. After it happens, the lines at the chart will be redrawn.



 
RoboForex Analytical Department