Murray Math Lines 01.07.2013 (AUD/USD, GBP/CHF, EUR/JPY)

Analysis for July 1^st, 2013

AUD/USD

Australian Dollar is consolidating; the bears are supported by the H4 Super Trend’s line. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.



At the H1 chart, the pair is already moving below the 3/8 level. There is a possibility that the price may try to test the Super Trend’s line once again. If the price rebounds from the line, the pair may continue falling down. The short-term target is at the 0/8 level.

GBP/CHF

Currently the pair is being corrected below the H4 Super Trend’s line, but may break the minimum quite soon. The intermediate target is at the 4/8 level. If the price breaks it, the pair will continue moving downwards.



At the H1 chart, the Super trends’ lines formed “bearish cross”; the bears are trying to keep the price below the 3/8 level. If they succeed, the market will continue falling down towards the 0/8 one.

EUR/JPY

The pair reached the daily Super trend’s line and right now is trying to rebounds from it. I opened quite a risky sell order with the tight stop and will move the stop into the black as soon as possible.



At the H1 chart, the pair is moving inside an “overbought zone”. If the price breaks the Super trends’ lines, the bears will return to the market. I’m planning to open several more sell orders as soon as it happens.



 
RoboForex Analytical Department