Murray Math Lines 26.06.2013 (AUD/USD, EUR/GBP, CAD/JPY)

Analysis for June 26^th, 2013

AUD/USD

Australian Dollar is still consolidating; the bears are supported by the H4 Super Trend’s line and the 0/8 level. If the price rebounds from these levels, the pair will start a new descending movement. The first target for the sellers will be at -2/8 level.



The pair is moving in the middle of the H1 chart. If the market is able to break the 3/8 level and keep the price below it, the bears will continue pushing the price downwards. In this case, the target will be at the 0/8 one.

EUR/GBP

The pair broke a local minimum; the Super Trends’ lines formed “bearish cross”. Most likely, in the nearest future the price will continue moving towards the 4/8 level. If later the market breaks this level, the pair will continue falling down to reach the 3/8 one.



At the H1 chart, the market is moving inside an “oversold zone”; the bears are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may break the -2/8 level during Thursday. In this case, the lines at the chart will be redrawn.

CAD/JPY

The pair is still consolidating; the market hasn’t reached the H4 Super Trend’s line and is trying to make a reverse downwards. There is a possibility that the pair may break a local minimum during the day.



At the H1 chart, the current correction is supported by the 3/8 level. Currently the price is moving below the Super Trend’s line, which is in the “red zone” again. There is a possibility that in the nearest future the pair will break the 0/8 level and enter an “oversold zone”.



 
RoboForex Analytical Department