Murray Math Lines 13.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)

13.03.2013

Analysis for March 13th, 2013

USD/CAD

Canadian Dollar is still consolidating; the bears are supported by the 8/8 level. If the market rebounds from this level, the pair will start a new ascending movement. After the price breaks the +2/8 level, the lines at the chart will be redrawn.



The pair is moving in the lower part oа the H1 chart. If the market breaks the Super Trends’ lines, the pair will start moving upwards again. The first target for the bulls will be the 4/8 level.



GBP/CHF

The GBP/CHF currency pair is starting to move downwards again. Earlier the price rebounded from the daily Super Trend’s line several times. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.



The pair is moving in the middle of the H1 chart; earlier the Super Trends’ lines formed “bearish cross”. In the near term, the
price is expected to continue falling down towards the 0/8 level.



AUD/JPY

The AUD/JPY currency pair is consolidating near the H4 Super Trend’s line. If the price rebounds from the line, the market will start a new ascending movement. The short-term target is at the 8/8 level.



The lines at the H4 and the H1 charts are completely the same; the market is moving between the Super Trends’ lines. During the next several hours the price is expected to break a local maximum and reach the 8/8 level.



 
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