Murray Math Lines 07.01.2014 (AUD/USD, EUR/JPY, SILVER)

Analysis for January 7^th, 2014

AUD/USD

Australian Dollar rebounded from trend line, but market couldn’t keep price below Super Trends so far. I’m keeping two sell orders and expecting pair to break the 0/8 level. Target for the next several days is at the -2/8 level.



At H1 chart, price rebounded from the 7/8 level, which may be considered as the first sign of reverse downwards. Possibly, price may break the 4/8 level in the nearest future. If later pair is able to stay below the 3/8 level, price will continue falling down towards the 0/8 one.

EUR/JPY

At H4 chart, EUR/JPY rebounded from Super Trend. The first target for bears will be the 6/8 level. If they break it, pair may start new and deeper correction.



At H1 chart, price is already moving below the 3/8 level and Super Trends, which are in “red zone”. Short‑term target is at 0/8 level, where I’ve placed Take Profits on my sell orders.

SILVER

Silver rebounded from the 0/8 level and Super Trends formed “bullish cross”. During correction, I opened short-term buy order. 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, Silver may break the 8/8 level during Tuesday. If later instrument breaks the +2/8 level, lines at the chart will be redrawn.
 



RoboForex Analytical Department