Murray Math Lines 02.04.2013 (USD/CHF, EUR/GBP, GBP/CHF)

Analysis for April 2^nd, 2013

USD/CHF

Franс is moving between the Super Trends’ lines. After the pair breaks the H4 Super Trend’s line, the price will start a new ascending movement. If later the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.



At the H1 chart the bulls are supported by the 6/8 level; the pair started moving upwards again here. If the price breaks the Super Trends’ lines, the pair will start a new ascending movement. The intermediate target is at the +2/8 level.

EUR/GBP

The EUR/GBP currency pair is being corrected; the bears are supported by the H4 Super Trend’s line. If the price rebounds from the line, the pair will start falling down again. The target for my sell orders is at the 0/8 level.



At the H1 chart we can see that the sellers’ first attempt to keep the price inside an “oversold zone” failed. We can’t exclude a possibility that the price may be supported by the 2/8 level; if the pair rebounds from it, the market may break the -2/8 level. In this case the lines at the chart will be redrawn.

GBP/CHF

The GBP/CHF currency pair is still moving inside an ”overbought zone”. We may assume that during Tuesday the market may try to keep the price above the Super Trends’ lines and then start growing up again. If the pair breaks the +2/8 level, the lines at the chart will be redrawn.



The price is moving in the middle of the H1 chart; the Super Trends’ lines are very close to each other. If the market keeps the price above the 5/8 level, the pair may start a new ascending movement and reach the 8/8 one within the next several hours.



 
RoboForex Analytical Department