Murray Math Lines 27.03.2013 (USD/CHF, EUR/GBP, SILVER)

Analysis for March 27^th, 2013

USD/CHF

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



At the H1 chart Franc is also moving in the upper part; the buyers are supported by the Super Trend’s line. During a local correction I opened one more buy order and already moved the stop into the black.

EUR/GBP

The pair continues falling downs. It looks like the bears were able to keep the price below the 3/8 level and now they may continue pushing it downwards. The short-term target for them is at the 0/8 level.



At the H1 chart the pair is moving below the Super Trend’s line again; the forecast is still bearish. However, the 0/8 level may easily be broken. If it happens, the bears will start pushing the price towards new minimums.

SILVER

After several rebounds from the 3/8 level the instrument finally started moving downwards. The stop on my sell order is already a bit in the plus. There is a possibility that during the day the market may break the 0/8 level, enter an “oversold zone”, and continue falling down towards the -2/8 one.



At the H1 chart the situation is quite the same. After a long consolidation Silver started falling down again. If later the instrument starts a slight correction, I’ll open one more sell order.



 
RoboForex Analytical Department