Murray Math Lines 13.11.2012 (NZD/USD, USD/CAD, GBP/CHF)
13.11.2012
Analysis for November 13th, 2012
NZD/USD
The NZD/USD currency pair is being corrected in the middle of the chart, the bears are supported by the H4 Super Trend’s line. The price may continue falling down during the next several days. The target is at the 0/8 level.
The lines at the H4 and the H1 charts are completely the same. Yesterday the price rebounded from the 4/8 level. If later the bears are able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.
USD/CAD
The second attempt to break the 8/8 level failed and the price started a corrective movement. If later the bulls are supported by the H4 Super Trend’s line, the pair may start growing up again. After the market breaks the +2/8 level, the lines at the chart will be redrawn.
At the H1 chart the pair is being corrected. There is a possibility that the price may try to test the 6/8 level in the nearest future. If the price rebounds from this level, the pair will continue moving upwards. After the market breaks the +2/8 level, the lines at the chart will be redrawn.
GBP/CHF
The market rebounded from the 8/8 level and was able to keep the price below the H4 Super Trends’ line. The pair may continue falling down in the nearest future. The first target for the bears will be the 4/8 level.
The pair is moving in the middle of the H1 chart. Most likely, the market will try to break the 4/8 level once again. If the price rebounds from the current levels, the pair will start a new descending movement.
RoboForex Analytical Department
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