Murray Math Lines 23.01.2013 (NZD/USD, EUR/GBP, SILVER)

Analysis for January 23^rd, 2013

NZD/USD

New Zealand Dollar is moving above the H4 Super Trend’s line; it looks like the bulls are going to break a local maximum. The main target for the next several days is at the 8/8 level, which later may become a starting point of a correction.



At the H1 chart the price is moving near the lower border of an “overbought zone”. We can’t exclude a possibility that the pair ay beak the 8/8 level during the day. If later the market breaks the +2/8 level, the lines at the chart will be redrawn

EUR/GBP

Yesterday the pair rebounded from the H4 Super Trend’s line; it looks like the bulls are going to continue pushing the price towards new maximums. The target for the buyers for the next several days is at the 8/8 level.



At the H1 chart the price is near an “overbought zone”; the pair is expected to break its upper border during Wednesday. In the future, the pair may continue moving upwards. After the market breaks the +2/8 level, the lines at the chart will be redrawn.

SILVER

After rebounding from the H4 Super Trend’s line, the instrument started a new ascending movement. The market broke a local maximum on Tuesday and right now Silver is being corrected. Most likely, the bulls will continue pushing the price upwards during Wednesday. The short-term target is still at the 6/8 level.



The instrument is moving in the upper part of the H1 chart; the buyers are supported by the Super rends’ lines. The main target for the next several hours is at the 8/8 level, which later may become a starting point of a correction.



 
RoboForex Analytical Department