Murray Math Lines 05.05.2014 (AUD/USD, EUR/GBP, SILVER)

Analysis for May 5^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Last Friday, Australian Dollar rebounded from the 3/8 level. In this situation, it made no sense to keep selling, that’s why I closed my sell orders and opened buy ones. Possibly, price may break daily Super Trend during the day.



As we can see at H1 chart, Super Trends entered “green zone”. Most likely, they will form “bullish cross” during the day. If later price is able to stay above the 5/8 level, market will continue growing up.

EUR GBP, “Euro vs Great Britain Pound”

Despite the fact that pair rebounded from the 1/8 level several times, I’m keeping my sell orders. Earlier pair rebounded from daily Super Trend and the 2/8 level, which is very strong bearish signal. The first target is at the 0/8 level, which later may be broken.



As we can see at H1 chart, pair is testing the 2/8 level: if price rebounds from it, bears will return to the market. Super Trends formed “bullish cross”, but if price breaks them downwards, this signal will be cancelled.

XAG USD, “Silver vs US Dollar”

Last week Silver rebounded from the 0/8 level and I opened buy order; stop is already in the black. If price breaks daily Super Trend, instrument will continue growing up towards the 4/8 level.



As we can see at H1 chart, Super Trends formed “bullish cross”. Right now, market is moving in the middle of the chart, but if later price breaks the 5/8 level upwards, instrument will continue growing up towards the 8/8 one.



 
RoboForex Analytical Department