Murray Math Lines 05.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Analysis for August 5^th, 2013

AUD/USD

Australian Dollar continues moving downwards; the bears are supported by the Super Trends. The price is already moving below the 1/8 level. Most likely, during the next several hours the instrument will reach the 0/8 level, which may later become a starting point of a new correction.



At the H1 chart we can see, that the price started a local correction. If the bulls are able to break the H4 Super Trend, the current down-trend will stop. But if they fail and the price rebounds, the bears will continue pushing the price downwards.

NZD/JPY

After rebounding from the Super Trends, the pair started moving downwards fast. The price is already moving below the 3/8 level, which means that the pair may continue falling down. The target is at the 0/8 level.



At the H1 chart we can see, that the sellers’ first attempt to enter an “oversold zone” failed; the current movement is supported by the Super Trend. There is a possibility that the pair may break the -2/8 level in the nearest future. In this case, the lines at the chart will be redrawn.

CAD/CHF

The pair was able to rebound from the Super Trends. Moreover, the market is already moving below the 3/8 level. That’s why I opened one more sell order with the target at the 0/8 level.



At the H1 chart, the pair is just several tens of pips away from entering an “oversold zone”; the price may break the 0/8 level during the day. If later the pair breaks the -2/8 level, the lines at the chart will be redrawn.



 
RoboForex Analytical Department