Murray Math Lines 01.11.2012 (AUD/JPY, USD/CAD, USD/CHF)
01.11.2012
Analysis for November 1st, 2012
AUD/JPY
The AUD/JPY currency pair is still moving above the 5/8 level, the bulls are supported by the Super Trends’ lines. The price may continue moving upwards in the nearest future. The short-term target is at the 8/8 level.
The pair is moving in the middle of the H1 chart. If the bulls are able to keep the price above the 5/8 level, the market will continue growing up towards the 8/8 one. Later this level may become a starting point of a correction.
USD/CAD
The USD/CAD currency pair is moving in the middle of the H4 chart, the bulls are supported by the Super Trends’ lines. If later the bulls are able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.
At the H1 chart the buyers are trying to enter an “overbought zone”. If the market breaks the 8/8 level, the bulls will continue pushing the price upwards. After the pair breaks the +2/8 level, the lines at the chart will be redrawn.
USD/CHF
Yesterday Franc rebounded from the 4/8 level. At the moment the price is moving above the Super Trends’ lines and may enter an “overbought zone” in the nearest future. The short-term target is at the +1/8 level.
The pair is moving in the middle of the H1 chart. If the bulls keep the price above the 5/8 level, the pair will continue moving upwards. The buyers may reach the +2/8 level within the next several days.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.