Murray Math Lines 09.06.2014 (AUD/USD, EUR/GBP, SILVER)
09.06.2014
Analysis for June 9th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues moving upwards, giving bears no chance to start new descending movement. Earlier Super Trends formed “Bullish cross”. Considering that price broke the 6/8 level, pair is expected to continue growing up and, maybe, break the 8/8 one.
Lines at H4 and H1 charts are completely the same; current ascending movement is supported by Super Trends. I’m planning to place pending limit order during correction with stop at the 5/8 level.
EUR GBP, “Euro vs Great Britain Pound”
Pair rebounded twice from the 1/8 level, and I decided to open buy order. If later price breaks Super Trends, pair will start new correction, at least.
Price is moving in the middle of H1 chart. Earlier pair rebounded from the 1/8 level, but is still moving below Super Trends. If later price is able to stay above the 5/8 level, market will continue growing up towards the 8/8 one.
XAG USD, “Silver vs US Dollar”
Silver is still being corrected. Bears are supported by daily Super Trend and the 2/8 level, which means that price may start falling down again soon. Target is still at the -2/8 level.
Price is moving in the middle of H1 chart. Super Trends are still influenced by “bullish cross”, but if later market breaks them downwards, I’ll increase my short position.
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