Murray Math Lines 08.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Analysis for August 8^th, 2013

AUD/USD

Australian Dollar is still forming an ascending correction. However, it’s quite early to expect the trend change until the price is moving below the daily Super Trend. That’s why I’m keeping my pending sell order.



At the H1 chart, the price rebounded from hew 5/8 level and right now is trying to return below the Super Trend. If later the pair breaks the 4/8 level, the price will continue falling down towards the 0/8 one.

NZD/JPY

The pair is still being corrected below the H4 Super Trend. Earlier the price completely eliminated the gap. There is a possibility that the pair may start a new descending movement towards the 0/8 level.



At the H1 chart, the bears are trying to break the 0/8 level once again. Most likely, the price will enter an “oversold zone” during the day. If later the pair breaks the -2/8 level, the lines at the chat will be redrawn.

CAD/CHF

The pair continues moving downwards; the market is just several tens of pips away from the main target at the 0/8 level. If the price rebounds from this level, the market start a correction.



At the H1 chart, the pair is being corrected; the bears are supported by the Super Trends. Most likely, during the next several hours the pair will reach the 0/8 one, where Take Profit on my sell orders is placed.



RoboForex Analytical Department