Murray Math Lines 28.03.2013 (USD/CHF, EUR/GBP, GBP/CHF)

Analysis for March 28^th, 2013

USD/CHF

Yesterday, after rebounding from the daily Super Trend’s line, the pair started to move upwards again. Right now the market is trying to keep the price inside an “overbought zone”. During a correction I opened an additional buy order; the stop on this trade has already been moved into the black.



At the H1 chart we can see that the bulls are supported by the Super Trends’ lines. If the price rebounds from the current levels, the pair will start a new ascending movement. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.

EUR/GBP

The EUR/GBP currency pair continues moving downwards. The bears were able to keep the price below the 3/8 level, so now they may continue pushing it towards the 0/8 one. A new descending movement may start on Thursday.



The pair is moving in the middle of the H1 chart. During a correction the price “hit” the Moving Average. If the pair rebounds from it, the bears will become more dominant at the market.

GBP/CHF

The bulls were able to enter an “overbought zone” and right now are trying to keep the price above the 8/8 level. The stop on my buy order has already been moved into the black. In the near tern, the pair is expected to continue growing up towards the +2/8 level.



At the H1 chart the pair is also moving above the 8/8 level; a local correction is supported by the Super Trend’s line. If the price rebounds from the line, the pair will start a new ascending movement. After the price breaks the +2/8 level, the lines at the chart will be redrawn.



 
RoboForex Analytical Department