Murray Math Lines 10.06.2014 (AUD/USD, EUR/GBP, SILVER)
10.06.2014
Analysis for June 10th, 2014
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues moving upwards, giving an opportunity to move stop on my yesterday’s buy order into the black. Earlier Super Trends formed “Bullish cross”. Closest target is at the 8/8 level; pair may break it and continue growing up inside “overbought zone”.
Lines at H4 and H1 charts are completely the same; bulls are supported by Super Trends. If later price is able to break the 7/8 level upwards, I’m planning to open additional buy order during correction.
EUR GBP, “Euro vs Great Britain Pound”
Pair is testing the 1/8 level again. If it rebounds for the third time, price will start new correction, at least. If market breaks Super Trends, next target will be at the 4/8 level.
As we can see at H1 chart, market couldn’t stay above Super Trends. My buy order is in a drawdown. If pair rebounds from current levels, price will start new ascending correction, a very fast one.
XAG USD, “Silver vs US Dollar”
Silver is still moving close to daily Super Trend and the 2/8 level. If bears are able to rebound from these levels, price may start new descending movement, break the 0/8 level, and then continue falling down towards the -2/8 one.
Price is moving in the middle of H1 chart, between Super Trends. If later market breaks the 3/8 level downwards, bears will return to the market and may break previous minimums quite soon.
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