Murray Math Lines 14.05.2014 (AUD/USD, GBP/JPY, SILVER)

Analysis for May 14^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar broke its maximum and I’ve moved stops into the black. Most likely, in the nearest future market will continue growing up. Main target for bulls is at the 4/8 level, but they may face resistance from the 3/8 one.



As we can see at H1 chart, pair is trying to stay inside “overbought zone”. Earlier Super Trends formed “bullish cross”. In the near term, price is expected to continue growing up towards the +2/8 level. If market breaks it, lines at the chart will be redrawn.

GBP JPY, “Great Britain Pound vs Japanese Yen”

After rebounding from daily Super Trend, pair is trying to start new ascending movement. Right now, price is being corrected, but if later it breaks the 5/8 level upwards, market will continue growing up towards the 8/8 one.



Price rebounded from the 2/8 level, but couldn’t break the 0/8 one and enter “oversold zone”. Super Trends are very close to each other. Possibly, bulls may reach new local maximum during the day.

XAG USD, “Silver vs US Dollar”

Silver is moving near daily Super Trend again: if bulls break it, price will continue growing up towards maximums. Stop on my buy order is already in the black. Closest target is at the 7/8 level. If instrument breaks it, price will continue moving upwards.



The lines at the H4 and H1 charts are completely the same. Earlier, Super Trends formed “bullish cross”. Most likely, in the nearest future price will reach new maximum. If later market breaks the 5/8 level upwards, instrument will continue growing up.



 
RoboForex Analytical Department