Murray Math Lines 24.06.2013 (AUD/USD, GBP/CHF, SILVER)

Analysis for June 24^th, 2013

AUD/USD

The pair is consolidating below the 6/8 level; the bears are supported by the Super Trend’s line. I’ve already moved the stop into the black. The target is still at the 4/8 level.



At the H1 chart, the pair is testing the -2/8 level. If the price breaks it, the lines at the chart will be redrawn. It may happen during the day.

GBP/CHF

The pair rebounded from the H4 Super Trend’s line once again. If the bears are able to keep the price below the 6/8 level, the pair will continue moving downwards. The first target for the bears will be the 4/8 level.



At the H1 chart, the market couldn’t keep the price above the 4/8 level and right now it is moving above this level again. The intermediate target is at 0/8 level, but the bears are likely to break it quite soon.

SILVER

It looks like Silver completed its correction; the bears are supported by the Super Trend’s line. The main target is still at the 0/8 level, which may later become a starting point of a new correction.



At the H1 chart, the instrument is moving below the Super Trends’ lines; the market is trying to keep the price below the 3/8 level. I’ve already moved the stop on my latest sell order into the black. The main target is at the 0/8 level.



 
RoboForex Analytical Department