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 27.12.2012 (EUR/JPY, GBP/CHF, SILVER)

Murray Math Lines 27.12.2012 (EUR/JPY, GBP/CHF, SILVER)

27.12.2012
0

Analysis for December 27th, 2012

EUR/JPY

The EUR/JPY currency pair is moving inside an “overbought zone”; the bulls steadily are pushing the price towards new maximums. The short-term target is at the +2/8 level. In case the market breaks it, the lines at the chart will be redrawn.



At the H1 chart the price is just several tens of pips away from the +2/8 level; the byers are supported by the Super Trend’s line. Most likely, the market will break the +2/8 level during the day and the lines at the chart will be redrawn.



GBP/CHF

The bears slowed down a little bit. During a local correction I’ve decided to open a new sell order. Most likely, the price will continue moving downwards in the nearest future and reach the 0/8 level within the next several days.



At the H1 chart the pair is consolidating below the 3/8 level; the sellers are supported by the Super Trend’s line. If the price rebounds from the current levels, the pair will continue falling down towards the 0/8 one.



SILVER

Silver is still consolidating; the H4 Super Trend’s line is too strong for the bulls to break so far. We can see that the price is already moving below the 3/8 level, so we can expect it to continue falling down towards the 0/8 one.



The lines at the H4 and the H1 charts are completely the same. We can’t exclude a possibility that the bears may reach a local minimum before New Year. The target is still at the 0/8 level.



 
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.