Murray Math Lines 11.07.2013 (AUD/USD, GBP/CHF, AUD/JPY)

Analysis for July 11^th, 2013

AUD/USD

Australian Dollar is trying to rebound from the 4/8 level and the daily Super Trend’s line. If the pair succeeds, the bears will start a new descending movement. In this case, the target will be at the 0/8 level.



At the H1 chart, the pair rebounded from the 8/8 level twice; the buyers weren’t able to keep the price inside an “overbought zone”. Most likely, in the nearest future the market will fall down towards the 4/8 level.

GBP/CHF

The pair rebounded from the 2/8 level once again. We can’t exclude a possibility that the price may start a correction during the next several days. If the pair breaks the daily Super Trend’s line, it will continue growing up.



At the H1 chart, the pair rebounded from the 0/8 level. The short-term target is at the 8/8 level, but in order to reach it, the bulls must break the Super Trends’ lines and the 5/8 level, and then stay above them. The situation is risky, that’s why I’ll move the stop into the black as soon as possible.

AUD/JPY

The pair wasn’t able to stay above the daily Super Trend’s line and right now the price is below it again. The pair is already moving below the 3/8 level, which means that it may continue falling down towards the 0/8 one.



At the H1 chart, the Super Trends’ lines formed “bearish cross”. There is a possibility that the 0/8 level may be reached during the day. If the price breaks this level, the pair will continue moving downwards.



 
RoboForex Analytical Department