Murray Math Lines 30.04.2014 (AUD/USD, EUR/GBP, SILVER)
30.04.2014
Analysis for April 30th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar couldn’t reach the 3/8 level. Possibly, in the nearest future price may break daily Super Trend upwards. If it happens, I’ll increase my long position with target at the 8/8 level.
As we can see at H1 chart, pair left “oversold zone” and right now is trying to stay above the 0/8 level. Short-term target is at the 2/8 level. If price breaks this level, market may continue growing up.
EUR GBP, “Euro vs Great Britain Pound”
After reaching all my stops and breaking the 2/8 level, pair started new descending movement. Short-term target is at the 0/8 level, where I placed Take Profit. If price rebounds from this level, market may start more serious correction.
At H1 chart, pair is trying to stay inside “oversold zone”; bears are supported by the Super Trends. If later price breaks the -2/8 level, lines at the chart will be redrawn.
XAG USD, “Silver vs US Dollar”
Probably, Silver may start new ascending movement. Earlier price rebounded from the 1/8 level, but couldn’t break daily Super Trend. Possibly, in the nearest future instrument may start moving towards the 4/8 level.
At H1 chart, Silver is still being corrected; Super Trends formed “bearish cross”. If instrument is able to stay above the 5/8 level, price will continue its ascending movement towards the 8/8 one.
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