Murray Math Lines 06.06.2014 (AUD/USD, EUR/JPY, SILVER)

Analysis for June 6^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar finally broke daily Super Trend and started deeper correction. Considering that earlier price rebounded from the 2/8 level, the fact that right now it is rebounding from the 6/8 one may mean market will continue falling down. I’ll increase my short position as soon as pair breaks Super Trends downwards.



Lines at H4 and H1 charts are completely the same; Super Trends are influenced by “bullish cross”, that’s why my current sell order is quite risky. If later pair is able to stay below the 5/8 level, bears will return to the market.

EUR JPY, “Euro vs Japanese Yen”

Yesterday, after rebounding from daily Super Trend, pair started new ascending movement. During local correction, I opened buy order with target at the 4/8 level. If price breaks it, market will continue growing up.



As we can see at H1 chart, price is trying to enter “overbought zone”; bulls are supported by Super Trends. Possibly, pair may break the +2/8 level in the nearest future. In this case, lines at the chart will be redrawn.

XAG USD, “Silver vs US Dollar”

Silver is testing the 2/8 level, channels upper border, and daily Super Trend. If it rebounds from them, price will start new descending movement towards the -2/8 level.



Price is moving in the middle of H1 chart; Silver rebounded from the 4/8 level several times. I’ll increase my short position as soon as market breaks Super Trends downwards.



 
RoboForex Analytical Department