Murray Math Lines 15.07.2013 (AUD/USD, CAD/CHF, AUD/JPY)

Analysis for July 15^th, 2013

AUD/USD

After rebounding from the 2/8 level, Australian Dollar started a correction. We can’t exclude a possibility that the bears may be supported by the H4 Super Trend’s line. If the sellers rebound from the line, I’ll increase my short positions.



At the H1 chart, the Super Trends’ lines are still under pressure of “bearish cross”. The bears’ first attempt to keep the price inside an “oversold zone”. If the pair rebounds from the 3/8 level, the price may start a new descending movement.

CAD/CHF

The pair couldn’t stay above the 7/8 level and broke the Super Trend’s line. It looks like right now the price is being corrected. The closest target for the bears is the 4/8 level and the daily Super Trend.



At the H1 chart, the price is moving below the 3/8 level; the bears are supported by the Super Trend’s line. If the market rebounds from the current levels, the pair will start a new descending movement.

AUD/JPY

After making a rapid descending movement, the pair started a correction. If the bulls aren’t able to keep the price above the 2/8 level for a long time, the pair will start a new descending movement. The main target is at the 0/8 level.



The pair is moving in the middle of the H1 chart. After the price breaks the Super Trends’ lines, the market will start moving downwards again. Therefore, I may open one more sell order.



 
RoboForex Analytical Department