Murray Math Lines 07.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Analysis for August 7^th, 2013

AUD/USD

Australian Dollar is still being corrected. Right now it’s quite risky to start selling, that’s why I’ve got only a pending order. If the instrument breaks 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; the price is moving between the Super Trends, which means that the bulls are weak. The future scenario depends on how the pair will move near the Super Trend’s line.

NZD/JPY

The pair eliminated the gap and is ready to continue moving downwards; the price is supported by the H4 Super Trend. Most likely, during the next several days the pair will continue falling down towards the 0/8 level.



At the H1 chart, the bears are making the second attempt to enter an “oversold zone”. The price may break the 0/8 level during Wednesday. If later the pair breaks the -2/8 level, the lines at the chat will be redrawn.

CAD/CHF

The Super Trends formed “bearish cross” and the pair continued moving downwards. The bears were able to keep the price below the 3/8 level, which means that the market may continue falling down towards the 0/8 one.



The pair is moving in the middle of the H1 chart; the price is supported by the Super Trends. If later the pair breaks the 3/8 level, the bears will continue pushing the price towards the 0/8 one.



 
RoboForex Analytical Department