Murray Math Lines 26.03.2013 (USD/CHF, EUR/GBP, GBP/CHF)

Analysis for March 26^th, 2013

USD/CHF

Yesterday, after rebounding from the daily Super Trend’s line, the pair started moving upward again. We can’t exclude a possibility that the price may break the 8/8 level and enter an “overbought zone” during Tuesday. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.



At the H1 chart the Super Trends’ lines formed “bullish cross”. The market is being corrected, so I opened one more buy order. Most likely, in the nearest future the bulls will continue pushing the pair towards new maximums.

EUR/GBP

The bears rebounded from the 4/8 level and the pair started a new descending movement; the sellers are supported by the Super Trends’ lines. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8.



At the H1 chart we can see that the Super Trends’ lines formed “bearish cross” on Monday. During a local correction I opened one more sell order. We can’t exclude a possibility that the pair may enter an “oversold zone” in the nearest future.

GBP/CHF

The pair rebounded from the Super Trends’ lines and is trying to start a new ascending movement. The price is already moving above the 5/8 level, so we can expect it to continue growing up towards the 8/8 one. Later this level may become a starting point of a new correction.



At the H1 chart the market is moving very close to an “overbought zone”; earlier the Super Trends’ lines formed “bullish cross”. If the instrument breaks the +2/8 level, the lines at the chart will be redrawn.



 
RoboForex Analytical Department