Murray Math Lines 21.05.2014 (AUD/USD, EUR/GBP, SILVER)

Analysis for May 21^st, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues falling down. After breaking the 0/8 level, price managed to stay inside “oversold zone”, which means that it may continue moving downwards. During local correction, I opened sell order with target at the -2/8 level.



As we can see at H1 chart, bears are supported by Super Tends, which formed “bearish cross” earlier. Considering that price is already moving below the 3/8 level, the next closest target is at the 0/8 one.

EUR GBP, “Euro vs Great Britain Pound”

Pair broke yesterday’s minimum, but is still consolidating. Bears are trying to keep price below the 3/8 level. If they succeed, instrument may continue falling down to test the 0/8 level.



As we can see at H1 chart, yesterday pair rebounded from 0/8 level. Current correction is supported by the 3/8 level, from which price rebounded several times. Possibly, in the nearest future bears may break the 0/8 level and enter “oversold zone”.

XAG USD, “Silver vs US Dollar”

Silver is still moving below the 4/8 level, but didn’t manage to break the 3/8 one downwards. Super Trends are still in “red zone”, which means that bears may return to the marker quite soon. Possibly, instrument will start moving towards the 0/8 level during the day.



As we can see at H1 chart, price rebounded from the 8/8 level and started falling down. It looks like during the next several days Silver may break the 0/8 level and continue falling down to test the -2/8 one.



 
RoboForex Analytical Department