Murray Math Lines 31.07.2013 (AUD/USD, CAD/JPY, CAD/CHF)

Analysis for July 31^st, 2013

AUD/USD

The third rebound from the 4/8 level and the daily Super Trend was a very strong signal for the bears. They were able to keep the price below the 3/8 level, which means that the pair may continue falling down. The target is still at the 0/8 level.



At the H1 chart, the price entered an “oversold zone”; the bears are supported by the Super Trend. It looks like the pair is going to break the -2/8 level in the nearest future. In this case, the lines at the chart will be redrawn.

CAD/JPY

The pair broke the daily Super Trend; the Super Trends are about to form “bearish cross”. In the near term, the market is expected to continue falling down. The closest target for the bears s the 0/8 level.



At the H1 chart, the bears are trying to keep the rice below the 3/8 level; they are supported by the Super Trends. We can’t exclude a possibility that the price may reach the 0/8 level during the next several days.

CAD/CHF

The pair was able to break the daily Super Trend and right now the bears are trying to keep the price below it. If later the pair breaks the 3/8 level, the price will continue falling down towards the 0/8 one.



At the H1 chart, the Super Trends formed “bearish cross”; the pair entered an “oversold zone”. The price may break the -2/8 level during the day. In this case, the lines at the chart will be redrawn.



 
RoboForex Analytical Department