Murray Math Lines 12.06.2014 (AUD/USD, GBP/JPY, SILVER)

Analysis for June 12^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Yesterday Australian Dollar tested Super Trend rebounded from it. Possibly, price may break the 8/8 level during the day. Later price may break the +2/8 level and lines at the chart will be redrawn.



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

GBP JPY, “Great Britain Pound vs Japanese Yen”

Pair is still moving between Super Trends, below the 4/8 level. Probably, price may break this levelon Thursday.  If later market breaks the 5/8 level upwards and stays above it, pair will continue growing up towards its main target at the 8/8 one.



As we can see at H1 chart, market rebounded from the 6/8 level, which is a strong signal for new ascending movement. Possibly, price may break the 8/8 level and enter “overbought zone” during the day.

XAG USD, “Silver vs US Dollar”

Silver broke daily Super Trend upwards and right now is moving above it. Yesterday I closed my sell order and opened buy one; stop is still at local minimum. It looks like Super Trends are going to form “bullish cross” in the nearest future.



Silver is moving in the middle of H1 chart. If later price is able to break the 5/8 level and stay above it, market will continue growing up towards the 8/8 one.



 
RoboForex Analytical Department