Murray Math Lines 01.05.2014 (AUD/USD, EUR/GBP, SILVER)
01.05.2014
Analysis for May 1st, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving between Super Trends, which formed “bearish cross” earlier. If price breaks daily Super Trend and the 5/8 level upwards, pair may start new ascending movement inside current up-trend.
As we can see at H1 chart, pair successfully left “oversold zone”. After price breaks the 1/8 level upwards, it may continue growing up towards the 2/8 one. If later market breaks this level, instrument will moving upwards.
EUR GBP, “Euro vs Great Britain Pound”
Pair wasn’t able to stay below the 1/8 level for the second straight time, which means that price may start new correction, at least. If later market breaks the 3/8 level, market will continue growing up.
As we can see at H1 chart, Super Trends may form “bullish cross” in the nearest future. Earlier pair was just several pips shy to reach lower border of “oversold zone”. Closest target is at the 4/8 level.
XAG USD, “Silver vs US Dollar”
Silver rebounded from the 4/8 level and daily Super Trend. Right now, price is moving below the 1/8 level again, that’s why I had to close my buy orders and open sell ones with close target at the 0/8 level.
As we can see at H1 chart, bears are supported by Super Trends. I’ll move stop on my order into the black as soon as market starts falling down. If later instrument breaks the 0/8 level, price will continue its descending movement.
RoboForex Analytical Department
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