Murray Math Lines 06.03.2013 (USD/CHF, GBP/CHF, SILVER)

Analysis for March 6^th, 2013

USD/CHF

Franc is still being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the current levels, the pair will continue growing up towards the 8/8 one.



At the H1 chart we can see that the pair rebounded from the 4/8 level; the bulls are trying to keep the price above the 5/8 level. If they succeed, the pair may break a local maximum and then reach the 8/8 level.

GBP/CHF

Yesterday the pair rebounded from the daily Super Trend and right now is moving between the Super Trends’ lines. We can’t exclude a possibility that the price may enter an “oversold zone” once again. In this case the target will be at the -2/8 level.



At the H1 chart the bears stopped at the 6/8 level. If they succeed in breaking the Super Trends’ lines, the pair will start a new descending movement. The first target is at the 3/8 level; the price may break it and continue falling down.

SILVER

The market has been consolidating for several days. The bears were supported by the H4 Super Trend’s line; right now they are trying to rebound from the line. If they succeed and then break the 3/8 level, the target will be at the 0/8 one.



At the H1 chart the bears are trying to keep the price below the 3/8 level again; the Super Trends’ lines formed “bearish cross”. It looks like the sellers gong to reach the 0/8 level during the next several days. Later this level may become a starting point of a new local correction.



 
RoboForex Analytical Department