Murray Math Lines 22.01.2013 (NZD/USD, GBP/CHF, SILVER)

Analysis for January 22^nd, 2013

NZD/USD

New Zealand Dollar is trying to start a new ascending movement; the price is already moving above the H4 Super Trend’s line. We can’t exclude a possibility that the pair may break a local maximum within the next several days. The target for the bulls is at the 8/8 level.



At the H1 chart we can see that the buyers are going to break the 4/8 level; the Super Trends’ line have already formed “bullish cross”. Later, if the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.

GBP/CHF

After rebounding from the H4 Super Trend’s line, the bears are again trying to start a new descending movement. We can’t exclude a possibility that the pair may break a local minimum within the next several hours. The main target is still at the 0/8 level



The lines at the H4 and the H1 charts are completely the same. The sellers are supported by the Super Trends’ lines. It looks like the bears may reach the 0/8 level in the nearest future.

SILVER

At the H4 chart Silver is still consolidating; the bulls are supported by the Super Trend’s line. Most likely, in the nearest future the instrument will continue growing up and the first target for the bulls will be the 6/8 level.



At the H1 chart we can see that the buyers were able to keep the price above the 5/8 level. If the market rebounds from the current levels, the instrument will continue growing up towards the 8/8 level. Later, this level may become a starting point of a correction.



 
RoboForex Analytical Department