Murray Math Lines 15.01.2014 (AUD/USD, EUR/JPY, SILVER)

Analysis for January 15^th, 2014

AUD/USD

Bulls couldn’t stay at the market for a long time, and right now pair is falling down again. Price has already broken Super Trends and is moving below them. During correction, I’m planning to start selling again, that’s why I’ve already placed limit order.



At H1 chart we can see, that Australian Dollar reached the 4/8 level and may start new local correction here. Super Trends have already formed “bearish cross”. If later market is able to keep price below the 3/8 level, pair will continue falling down towards its main target at the 0/8 one.

EUR/JPY

Pair continues growing up quite fast; right now market is moving above H4 Super Trend, which is already in the “green zone”. During local correction, I opened one more sell order. In the future, I expect price to break the 4/8 level.



At H1 chart, price rebounded from the 5/8 level; earlier Super Trends formed “bullish cross”. If market breaks the 5/8 level in the nearest future, pair will continue growing up towards the 8/8 one.

SILVER

Silver rebounded from Wolfe Wave’s upper border and left “overbought zone”. Now bears have to break the 6/8 level. If they succeed, I’ll increase my short position.



The lines at the H4 and H1 charts are completely the same. Probably, Super Trends may form “bearish cross” during the day. Later, I’m planning to move stop on my order into the black.



 
RoboForex Analytical Department