Murray Math Lines 06.01.2014 (AUD/USD, NZD/JPY, SILVER)

Analysis for January 6^th, 2014

AUD/USD

Australian Dollar rebounded from trend line and right now is trying to break Super Trends downwards. In the future, price may break the 0/8 level and continue falling down towards the -2/8 one, where I placed Take Profits on my sell orders.



At H1 chart, price rebounded from the 7/8 level, which means that current correction is about to finish. If price is able to stay below the 3/8 level, bears will return to the market. In this case, pair is expected to continue falling down towards the 0/8 level.

NZD/JPY

NZD/JPY rebounded from the 7/8 level twice, which is the first sign of possible reverse. The first target for bears is at the 4/8 level. If they break it, pair will continue moving downwards.



At H1 chart, price is already moving below Super Trends. During local correction, I opened sell order with stop placed at maximum. Possibly, market may reach new minimum during the day.

SILVER

Super Trends formed “bullish cross”. During correction, I opened buy order with target at the 8/8 level. If market is able to keep price above the 5/8 level, instrument will continue growing up towards the 8/8 one.



At H1 chart, price is still trying to enter “overbought zone”. Possibly, local correction may be supported by Super Trends. In the future, Silver may break the +2/8 level. In this case, lines at the chart will be redrawn.



 
RoboForex Analytical Department