Murray Math Lines 14.08.2013 (AUD/USD, EUR/GBP, CAD/CHF)

Analysis for August 14^th, 2013

AUD/USD

Australian Dollar is still being corrected; the price is moving between the Super Trends. If the bulls are able to rebounds from the 5/8 level and break the H4 Super Trend, their next target will be at the 8/8 level.



The lines at the H4 and H1 charts are completely the same; the Super Trends are under pressure of “bearish cross”. We can’t exclude a possibility that the market may test the daily Super Trends first, and then start a new ascending movement.

EUR/GBP

The pair reached its target at the 4/8 level; Take Profit on my sell order worked. Moreover, we can see that the price rebounded from the 4/8 level, which may be a sign of a possible correction. Expecting this to happen, I opened a buy order with Take Profit placed near the daily Super Trend.



At the H1 chart, the pair rebounded from the 0/8 level. We can’t exclude a possibility that the price may continue this correction during the next several days. The first target for the buyers is at the 3/8 level. If they break this level, we’ll see a deeper pullback.

CAD/CHF

The market rebounded from the 1/8 level and then broke the daily Super Trend. There is a possibility that the price may start a strong bullish movement during the next several days. The target for the bulls is at the 7/8 level.



At the H1 chart, the pair is growing up steadily; the bulls are supported by the Super Trends. Most likely, the price will break the +2/8 level during the day and the lines at the chat will be redrawn.



 
RoboForex Analytical Department