Murray Math Lines 17.07.2013 (AUD/USD, NZD/CHF, CAD/JPY)

Analysis for July 17^th, 2013

AUD/USD

Australian Dollar is still being corrected; the pair reached the 5/8 level and the daily Super Trend’s line. If the market rebounds from these levels, the price may start a new descending movement. The stop on my sell order is already in the black.



At the H1 chart, the pair rebounded from the 7/8 level; this movement may be the last part of this ascending correction. If the price breaks the Super Trend’s lien and stays below it, the pair will start a new descending movement. After it happens, I’ll open several more orders.

NZD/CHF

The pair is moving in the middle of the H1 chart. If the bears are able to break the daily Super Trend and the 4/8 level, the price may break the latest minimum. The first target for the sellers will be at the 2/8 level.



At the H1 chart, the current correction is supported by the 2/8 level; the price is moving below the Super Trends. We can’t exclude a possibility that the pair may enter an “oversold zone” during the next several hours. After the pair breaks the -2/8 level, the lines at the chart will be redrawn.

CAD/JPY

The pair couldn’t break the 7/8 level again and rebounded from it one more time. If the market is able to keep the price below the Super Trends’ lines, the bears will push the price downwards. If later the pair breaks the 4/8 level, the price will continue falling down.



At the H1 chart, the pair couldn’t stay inside an “overbought zone” for a long time. Now the bears have to keep the price below the Super Trends’ lines. If they succeed, the market will continue falling down towards the bottom of the chart.



 
RoboForex Analytical Department