Murray Math Lines 25.01.2013 (AUD/USD, AUD/JPY, EUR/GBP)

25.01.2013

Analysis for January 25th, 2013

AUD/USD

At the H4 chart we can see that the market was able to keep the price below the 3/8 level and the daily Super Trend’s line. We can’t exclude a possibility that the price may start a new descending movement during the day. The target for the bears is at the 0/8 level.



At the H1 chart the pair is moving inside an “oversold zone” and supported by the Super Trend’s line. It looks like the price is going to break the -2/8 level within the next several hours. In this case, the lines at the chart will be redrawn.



AUD/JPY

The AUD/JPY currency pair entered an “overbought zone” again; the bulls are supported by the daily Super Trend’s line, which the price rebounded from several days ago. It looks like the pair is going to break the +2/8 level. If it succeeds, the lines at the chart will be redrawn.



At the H1 chart the Super Trends’ lines formed “bullish cross”. We can’t exclude a possibility that the pair may break the 8/8 level within the next several hours. After that the price is expected to break the +2/8 level. In this case the lines at the chart will be redrawn.



EUR/GBP

Yesterday the pair stopped consolidating and broke a local maximum; the bulls continue pushing the market towards the 8/8 level. Most likely, a slight correction will take place during the next several hours, during which I’m planning to open one more transaction – I’ve already placed a limit order.



At the H1 chart the pair is already moving above the 5/8 level; the bulls are supported by the Super Trend’s line. After a local correction, the price is expected to start a new ascending movement towards the 8/8 level.



 
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