Murray Math Lines 10.07.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for July 10^th, 2013

AUD/USD

Australian Dollar is still being corrected; right now, the market is moving between the Super Trends’ lines. If the price breaks the 3/8 level, the pair will continue falling down. The target is still at the 0/8 level.



At the H1 chart, the pair may continue growing up for a while. We can’t exclude a possibility that the bears may be supported by the 7/8 level. If the price rebounds from this level, the pair will start a new descending movement.

EUR/JPY

Yesterday the market broke the 5/8 level and was able to keep the price below the daily Super Trend’s line. If the pair is able to break the 4/8 level, the market may continue falling down towards the 2/8 one. The stop on my sell order is already in the black.



At the H1 chart, the Super Trends’ lines formed “bearish cross”. We can’t exclude a possibility that the bears may enter an “oversold zone” during the next several hours. If the price breaks the -2/8 level, the lines at the chart will be redrawn.

SILVER

The market rebounded from the 0/8 level twice and then was able to keep the price above the H4 Super Trend’s line. Yesterday my stops worked, so I’ve opened a new buy order. The closest target is the 2/8 level.



At the H1 chart, the Super Trends’ lines formed “bullish cross”. We can’t exclude a possibility that the price may reach a new local maximum during the next several hours. The short-term target for the bulls is the 4/8 level.



 
RoboForex Analytical Department