Murray Math Lines 14.11.2012 (NZD/USD, EUR/GBP, GBP/CHF)

Analysis for November 14^th, 2012

NZD/USD

Yesterday the pair rebounded from the H4 Super Trend’s line and right now is moving below 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.



The lines at the H4 and the H1 charts are completely the same, the Super Trends’ lines formed “bearish cross”. The short-term target for the sellers is the 0/8 level, which later may become a starting point of a correction.

EUR/GBP

A correction of the EUR/GBP currency pair has been taking place for several days. We can’t exclude a possibility that the bulls may try to test the daily Super Trend’s line. If the pair rebounds from the line, the price will continue falling down towards the 0/8 level.



At the H1 chart we can see that the price is going to test the 8/8 level once again. In the nearest future ewe can expect the market to keep the price below the Super Trends’ lines, thus indicating that the pair may start falling down again. Most likely, the 0/8 level won’t be strong enough to be a strong resistance for the bears.

GBP/CHF

After rebounding from the 8/8 level, the pair started moving downwards. The bears have already been able to keep the price below the H4 Super Trend, now they are trying to do the same with the daily one. The pair may continue falling down towards the 4/8 level during the next several days.



At the H1 chart the price is about to enter an “oversold zone”. Most likely, the pair will break the 0/8 level within the next several hours. In the near term, we can expect the market to break the -2/8 level and the lines at the chart will be redrawn.



 
RoboForex Analytical Department