Murray Math Lines 14.08.2012 (USD/CAD, GBP/CHF, EUR/GBP)

Analysis for August 14^th, 2012

USD/CAD

Canadian Dollar is still consolidating, the bears are supported by the H4 Super Trend’s line. If the price rebounds from the current levels, the pair will continue moving downwards. The target for the next several days is at the 0/8 level.



At the H1 chart the market is being corrected below the 2/8 level. Most likely, the price will continue falling down. In the near term, we can expect the pair to break the -2/8 level and the lines at the chart will be redrawn.

GBP/CHF

After rebounding from the 3/8 level, the GBP/CHF currency pair started moving upwards again. The Super Trends’ lines have formed “bullish cross”. In the near term, we can expect the price to continue growing up. Most likely, the 8/8 level will be broken and the market will enter an “overbought zone”.



The price is moving in the middle of the H1 chart. Yesterday the pair rebounded from the 3/8 level. In the near term, we can expect the price to start growing up again. The closest target is at the 8/8 level.

EUR/GBP

After rebounding from the 5/8 level, the EUR/GBP currency pair started moving downwards again. The Super Trends’ lines have formed “bearish cross”. Currently the local correction is taking place, but later we can expect the price to continue falling down. We can’t exclude a possibility that the pair may break the 0/8 level, then the -2/8 one, and the lines at the chart will be redrawn.



At the H1 chart the price rebounded from the 1/8 level and started the corrective movement. The local growth may continue for a while, but later we can expect the pair to continue falling down. The closest target is at the 0/8 level.