Murray Math Lines 10.01.2014 (AUD/USD, EUR/JPY, SILVER)

Analysis for January 10^th, 2014

AUD/USD

Bears managed to keep price below Super Trends; earlier pair rebounded from trend line. Most likely, in the future pair will break the 0/8 level and enter “oversold zone”.



Pair is moving in the middle of H1 chart. During correction, I opened one more sell order. If later bears are able to keep price below the 3/8 level, pair will continue falling down towards the 0/8 one.

EUR/JPY

Pair is still being corrected; earlier Super Trends formed “bearish cross”. In the near term, price is expected to move towards the 2/8 level. However, if price breaks the 4/8 level, pair may start new ascending movement.



Pair is moving in upper part of H1 chart. Over the last couple of days, price has rebounded from the 7/8 level several times. If market is able to keep price below Super Trends, pair will start moving towards its closest target at the 4/8 level.

SILVER

Silver is still being corrected; price wasn’t able to stay above Super Trends, which may form “bearish cross” in the nearest future. I’ve decided to close my buy order and open sell one. I’ll move stop into the black right after market starts moving downwards.



The lines at the H4 and H1 charts are completely the same. Possibly, market may rebound from the 5/8 level during the day. If later price is able to stay below the 3/8 level, instrument will continue falling down towards the 0/8 one.



 
RoboForex Analytical Department