Murray Math Lines 15.05.2014 (AUD/USD, GBP/JPY, SILVER)

Analysis for May 15^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar tested H4 Super Trend once again and rebounded from it. Earlier Super Trends formed “bullish cross”. Probably, in the nearest future price may break maximum. Target for the next several days is at the 4/8 level.



As we can see at H1 chart, bulls’ first attempt to keep price above the 8/8 level failed and market started correction, which is supported by the 6/8 one. If later pair rebounds from this level, price may start growing up again and enter “overbought zone”.

GBP JPY, “Great Britain Pound vs Japanese Yen”

Bulls couldn’t continue pushing price upwards and it went down very fast; Super Trends formed “bearish cross”. Considering that pair is already moving below the 3/8 level, next target is at the 0/8 one, which has been confirmed by major time frames.



At the H1 chart, price is trying to stay below the 1/8 level; bears are supported by Super Trends. Possibly, pair may break the 0/8 level during the day. If later market breaks the -2/8 level as well, lines at the chart will be redrawn.

XAG USD, “Silver vs US Dollar”

Silver broke daily Super Trend and started new correction, during which I opened another buy order. Probably, Super Trends may form “bullish cross” during the day. Main target is at the 8/8 level.



As we can see at H1 chart, price rebounded from Super Trends and may break the 8/8 level in the nearest future. Later market is expected to break the +2/8 level. In this case, lines at the chart will be redrawn.



 
RoboForex Analytical Department