Murray Math Lines 07.05.2014 (AUD/USD, EUR/GBP, SILVER)

Analysis for May 7^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues growing up; Super Trends formed “bullish cross”. During correction, I opened another buy order and moved stops a bit higher. In the near term, price is expected to move upwards to reach the 6/8 level.



As we can see at H1 chart, pair is moving between Super Trends. Possibly, bulls may be supported by the 6/8 level. If pair rebounds from it, market will continue growing up towards the 8/8 level.

EUR GBP, “Euro vs Great Britain Pound”

Pair is moving below the 1/8 level; Super Trends are still inside “red zone”. and the 2/8 level. Possibly, pair may break the 0/8 level and continue falling down towards the ‑2/8 one.



As we can see at H1 chart, yesterday Super Trends formed “bearish cross”. I’ve got only one sell order; stop is already in the black. If later price is able to rebound from current levels, pair may break the 0/8 one.

XAG USD, “Silver vs US Dollar”

Silver is trying to stay above the 5/8 level. If it succeeds, instrument will continue growing up towards the 8/8 one. Super Trends may form “bullish cross” in the nearest future.



The lines at the H4 and H1 charts are completely the same. I’m planning to open several additional order during local correction as soon as Silver breaks the 5/8 level. If later instrument rebounds from the 8/8 level, price may start new correction.
 



RoboForex Analytical Department