Murray Math Lines 13.05.2014 (AUD/USD, EUR/JPY, SILVER)

Analysis for May 13^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still being corrected; market is unlikely to stay below H4 Super Trend. If later price breaks it upwards, I’ll increase my long position. Closest target for bulls is at the 3/8 level.



As we can see at H1 chart, pair is trying to find support at the 6/8 level. If price rebounds from this level, market may break the 8/8 one and enter “overbought zone”. As soon as it happens, I’ll move my stop below the 7/8 level.

EUR JPY, “Euro vs Japanese Yen”

Pair was finally able to leave “oversold zone” without breaking the -2/8 level. Right now, price is moving above the 0/8 level, but still between Super Trends.  formed “bearish cross”. I’ve got only one buy order so far, but plan to open another one during correction.



The lines at the H4 and H1 charts are completely the same; Super Trends formed “bullish cross”. In the near term, pair is expected to move towards daily Super Trend. If price breaks it, market will continue growing up.

XAG USD, “Silver vs US Dollar”

Silver is still moving between Super Trends. Price rebounded from the 3/8 level, which means that it may start growing up again. I’m planning to increase my long position after market breaks the 5/8 level upwards.



The lines at the H4 and H1 charts are completely the same. Earlier, Super Trends formed “bullish cross”. The first target for bulls is at the 7/8 level: they may break it and continue moving towards the 8/8 one.



 
RoboForex Analytical Department