Murray Math Lines 18.03.2013 (USD/CAD, NZD/USD, GBP/CHF)

Analysis for March 18^th, 2013

USD/CAD

Canadian Dollar is moving above the Super Trends’ lines again. We can’t exclude a possibility that the bulls may break the 8/8 level and enter an “overbought zone” during the next several hours. In this case, the market will continue growing up towards the +2/8 level.



At the H1 chart the Super Trends’ lines formed “bullish cross”; earlier the price rebounded from the 2/8 level. In the near term, the bulls are expected to keep the price above the 4/8 level and then continue pushing it towards the 6/8 one.

NZD/USD

On Monday the market was opened with a gap down. If the sellers are able to break the 3/8 level, the price will continue falling down towards the 0/8 one. During a correction I opened a sell order with the stop placed above the daily Super Trend’s line.



At the H1 chart we can see that the price rebounded from the 7/8 level once again; the pair is moving between the Super Trends’ lines. If the market is able to keep the price below the H4 Super Trend’s line, the pair will start a new descending movement.

GBP/CHF

The GBP/CHF currency pair is finishing a correctional movement; the bears are supported by the 5/8 level and the daily Super Trend’s line. If the price rebounds from the current levels, the market will start a new descending movement. The main target is still at the 0/8 level.



At the H1 chart the pair is consolidating. If the sellers are able to keep the price below the Super Trends’ lines and then break the 4/8 level, nothing will prevent them from continuing pushing the price towards the 0/8 one.



 
RoboForex Analytical Department