Murray Math Lines 28.06.2013 (AUD/USD, GBP/CHF, CAD/JPY)

Analysis for June 28^th, 2013

AUD/USD

Australian Dollar is still being corrected in the middle of the chart; the bears are supported by the Super Trend’s line. If the market is able to break the 3/8 level and then keep the price below it, the pair will continue falling down towards the 0/8 one.



At the H1 chart, the Super Trends’ lines formed “bearish cross”. Earlier the price was supported by the 5/8 level, from which the pair had rebounded several times before. The closest target for the sellers is at the 0/8 level.

GBP/CHF

This pair is also being corrected. If the market is able to keep the price below the H4 Super Trend’s line, the pair will continue falling down. The short-term-target is at the 4/8 level.



The pair is moving in the middle of the H1 chart. Earlier the price rebounded from the 1/8 level. Most likely, the market keep the price below the 3/8 level and continue falling down towards the 0/8 one.

CAD/JPY

Right now, I’m staying out of the market. We can’t exclude a possibility that the bears may be supported by the daily Super Trend’s line and the price may start a new descending movement. By now I’ve placed only a pending sell order, but if the pair rebounds from the indicator’s, I’ll open several more orders.



We can’t exclude a possibility that the market may try to test the 1/8 level. If the pair rebounds from it and then breaks the Super Trends’ lines, the price will start a new ascending movement. The first target for the bears will be the 4/8 level.



 
RoboForex Analytical Department