Murray Math Lines 11.06.2014 (AUD/USD, GBP/JPY, SILVER)

Analysis for June 11^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues moving upwards and got very close to the 8/8 level. Possibly, price may break this level during the day and enter “overbought zone”. If later price breaks the +2/8 level, lines at the chart will be redrawn.



Pair is moving in the middle of H1 chart; bulls are supported by Super Trends. If later price is able to break the 5/8 level upwards and stay above it, market will continue growing up.

GBP JPY, “Great Britain Pound vs Japanese Yen”

Pair is consolidating between the 5/8 and 3/8 levels; price is trying to rebound from daily Super Trend.  If later market breaks the 5/8 level upwards and stays above it, pair will continue growing up towards the 8/8 level.



As we can see at H1 chart, market left “overbought zone” and right now is trying to start new descending movement. Possibly, price may test the 6/8 level. If pair rebounds from t, bulls will start moving upwards to beak the +2/8 level.

XAG USD, “Silver vs US Dollar”

Silver broke daily Super Trend and the 2/8 level and right now is moving above them, which made me close my sell order and open buy one. Possibly, Super Trends may form “bullish cross” in the nearest future. Closest target is at the 4/8 level.



As we can see at H1 chart, Silver may break the 5/8 level very soon. Market may break reach the 8/8 level during the next several days and even break it. I’ll move stop into the black as soon as instrument breaks the 6/8 level upwards.



 
RoboForex Analytical Department