Murray Math Lines 21.06.2013 (AUD/USD, GBP/CHF, SILVER)

Analysis for June 21^st, 2013

AUD/USD

Australian Dollar is consolidating a bit below the 6/8 level; the bears are supported by the Super Trend’s line. In the future the pair is expected to continue falling down towards the 4/8 level, that’s why I opened a sell order during a correction.



At the H1 chart, the pair is moving inside an “oversold zone”. If the market rebounds from the 0/8 level, the pair will move towards new minimums. After the price breaks the -2/8 level, the lines at the chart will be redrawn.

GBP/CHF

The pair rebounded from the H4 Super Trend’s line once again and right now is being corrected below the 6/8 level, near a local minimum. The short-term target for the bears is at the 4/8 level.



At the H1 chart, the bears are trying to keep the price below the 3/8 level. If they succeed, the price will continue falling down towards the 0/8 level. I’ll move the stop into the black as soon as the pair breaks the minimum.

SILVER

Silver is being corrected; I opened one more sell order. We can’t exclude a possibility that the instrument may try to test the H4 Super Trend’s line. If the price rebounds from it, the bears will return to the market.



At the H1 chart, the instrument is moving at the 3/8 level; the bears are supported by the Super Trend’s line. If Silver rebounds from the current levels, the price will start a new descending movement towards the 0/8 level.



 
RoboForex Analytical Department