Murray Math Lines 06.08.2013 (AUD/USD, EUR/GBP, CAD/CHF)

Analysis for August 6^th, 2013

AUD/USD

After rebounding from the 1/8 level, Australian Dollar started a correction; the price is moving between the Super Trends. If the instrument rebounds from the 3/8 level and starts moving below the H4 Super Trend, the pair will continue falling down towards the 0/8 level.



The lines at the H4 and H1 charts are completely the same. If the market breaks the Super Trends, the bears will continue pushing the price downwards. Expecting this to happen, I placed a pending sell order.

EUR/GBP

The bulls haven’t been strong enough to reach the 8/8 level; the price made a reverse, fell down quite fast, and broke all Super Trends. During a local correction, I opened a sell order. The short-term target is at the 4/8 level.



At theH1 chart, the Super Trends formed “bearish cross”. The bears are trying to keep the price below the 3/8 level. If they succeed, the pair will continue falling down towards the 0/8 level.

CAD/CHF

The pair was able to stay below the 3/8 level; the price is supported by the H4 Super Trend. If the price rebounds from it, the market will start a new descending movement. The target is at the 0/8 level.



At the H1 chart, the pair is about to enter 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 chat will be redrawn.



 
RoboForex Analytical Department