Murray Math Lines 22.05.2014 (AUD/USD, EUR/GBP, SILVER)
22.05.2014
Analysis for May 22nd, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar rebounded from the -1/8 level and started correction. Earlier, Super Trends formed “bearish cross”. If later pair rebounds from the 0/8 level, market will start new descending movement towards the -2/8 one.
Pair is moving in the middle of H1 chart, between Super Tends. If bears are able to keep price below the 3/8 level, I’ll increase my short position with target at the 0/8 one.
EUR GBP, “Euro vs Great Britain Pound”
Pair continues moving downwards. during correction, I opened another sell order. Main target is at the 0/8 level. However, if later price rebounds from it, instrument may start new and deeper pullback.
As we can see at H1 chart, price is already moving below the 3/8 level, which means that it may continue falling down towards the 0/8 one. Local correction is supported by Super Trends. Possibly, in the nearest future pair may test the 3/8 level once again.
XAG USD, “Silver vs US Dollar”
Silver is still consolidating. Earlier price rebounded from daily Super Trend several times. Most likely, instrument will reach new minimums during the next several days.
Price is moving in the middle of H1 chart. If bulls aren’t able to break Super Trends upwards, Silver may continue falling down towards the 0/8 level and even break it.
RoboForex Analytical Department
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