Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murray Math Lines 20.12.2012 (USD/CAD, NZD/JPY, GBP/CHF)

Murray Math Lines 20.12.2012 (USD/CAD, NZD/JPY, GBP/CHF)

20.12.2012
0

Analysis for December 20th, 2012

USD/CAD

The pair reached the middle of the chart during a local correction; the price was stopped by the daily Super Trend’s line. If the price rebounds from the current levels, the pair will start a new descending movement towards the 0/8 one.



At the H1 chart the pair is moving near the 4/8 level. If the sellers are able to keep the price below the Super Trends’ lines, the pair will start a new descending movement. The price may enter an “oversold zone” within the next several hours.



NZD/JPY

It looks like the pair is finishing a local correction; the price is moving between the Super Trends’ lines. If the market is able to keep the price above the H4 Super Trend, the pair will continue growing up.



At the H1 chart a correction is supported by the 3/8 level. If the market breaks the Super Trends’ lines backwards, the price will continue moving upwards. The target for the bulls is at the 8/8 level.



GBP/CHF

A local correction is still taking place; earlier the Super Trends’ lines formed “bearish cross”. If the price rebounds from the current levels, the pair will continue falling down towards the 0/8 one.



At the H1 chart the pair is moving below the 3/8 level; the sellers are supported by the Super Trends’ lines. In the near term, the price is expected to start falling down again; it may reach the 0/8 level within the next couple of hours.



 
RoboForex Analytical Department

Dear reader!

You can view without authorization no more than two events per day and no more than 10 per month. To continue reading analysis, register or log in to your live account.

RSS 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.