Murray Math Lines 26.07.2013 (NZD/JPY, EUR/GBP, CAD/CHF)

Analysis for July 26^th, 2013

NZD/JPY

The pair is being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the line, the market will start a new ascending movement towards the 8/8 level.



At the H1 chart, the price is moving between the Super Trends; the pair has already rebounded from the 4/8 level. If later the bulls succeed in keeping the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.

EUR/GBP

The pair left an “overbought zone” and right now is trying to rebound from the 7/8 level. The main resistance for the bears is the daily Super Trend’s line. If the market breaks the line, the pair will start a new down-trend.



At the H1 chart, after leaving an “oversold zone”, the pair rebounded from the 2/8 level and I decided to open a sell order. We can’t exclude a possibility that in the nearest future the price may break the -2/8 level. In this case, the lines at the chart will be redrawn.

CAD/CHF

The pair is trying to break the daily Super Trend’s line; earlier the market rebounded from the 5/8 level. If later the bears succeed in breaking the line, then the 3/8 level, and keeping the price below it, the market will continue falling down towards the 0/8 one.



At the H1 chart, the Super Trends formed “bearish cross”. Most likely, in the nearest future the pair will break the 0/8 level and enter an “oversold zone”. After the price breaks the -2/8 level, the lines at the chart will be redrawn.



 
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