Murray Math Lines 27.06.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for June 27^th, 2013

AUD/USD

Australian Dollar is trying to leave an “oversold zone”, but right now it’s not quite clear if will succeed or not. If the market breaks the 0/8 level, the pair will start a new descending movement. The first target for the bears will be the -2/8 level. If the price breaks it, the lines at the chart will be redrawn.



The pair is moving in the middle of the H1 chart; the current correction is supported by the 5/8 level. If the market rebounds from this level and later keep the price below the 3/8 one, the pair will continue falling down. In this case, the target will be at the 0/8 one.

EUR/GBP

The bears’ first attempt to keep the price below the 6/8 level failed; however, the H4 and daily Super Trends’ lines are still resistance levels. If the pair rebounds from them, the price will start a new descending movement.



At the H1 chart, the market is trying to leave an “oversold zone”; the Super Trends’ lines are still under pressure of “bearish cross”. If the bulls aren’t able to keep the price above the 2/8 level, the bears will return to the market.

SILVER

Earlier my Take Profits worked. However, the price isn’t making a proper reverse, which means that it may continue falling down. During a local correction, I opened a short-term sell order with the target at the ‑1/8 level.



At the H1 chart, the market is moving near the 0/8 level. If the bears are able to keep the price inside an “oversold zone”, the instrument will continue falling down. The target for the seller will be at the -2/8 level.



 
RoboForex Analytical Department