Murray Math Lines 15.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Analysis for August 15^th, 2013

AUD/USD

Australian Dollar is starting a new ascending movement and moving above the H4 Super Trend again. We can’t exclude a possibility that the price may break a local maximum during the day. The main target is still at the 8/8 level.



The lines at the H4 and H1 charts are completely the same; most likely, the Super Trends will form “bullish cross” in the nearest future. The 8/8 level may later become a starting point of a new correction.

NZD/JPY

The pair is growing up steadily; the price is already moving above the 5/8 level and the Super Trends formed “bullish cross”. During a local correction, I opened a short-term buy order with the target at the 8/8 level.



The lines at the H4 and H1 charts are completely the same; the bulls are supported by the Super Trend. I’ll move the stop on my order into the black, as soon as the price breaks a local maximum.

CAD/CHF

The pair is being corrected near the Super Trends, which have already formed “bullish cross”. Considering that earlier the price rebounded from the 1/8 level, we can expect it to continue growing up towards the 7/8 level.



At the H1 chart, the pair is trying to stay inside an “overbought zone”. There is a possibility that the price may break the +2/8 level during the next several days and the lines at the chat will be redrawn. I’ll move the stop on my order closer to the latest minimums, as soon as the price breaks the maximum.



 
RoboForex Analytical Department