Murray Math Lines 18.07.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for July 18^th, 2013

AUD/USD

Australian Dollar was able to rebound from the daily Super Trend; the stop on my sell order is already in the black. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.



At the H1 chart, the Super trends have almost formed “bearish cross”; the price is moving in the middle of the chart. The closest target for the sellers is at the 0/8 level.

EUR/GBP

The pair left an “overbought zone”; the H4 Super trend entered the “red zone”. The first target for the bears is the 4/8 level. If they break it, the price will continue moving downwards.



At the H1 chart, the Super trends have formed “bearish cross”; the bears are trying to keep the price below the 3/8 level. If they succeed, the pair will continue falling down towards the 0/8 level.

SILVER

Silver rebounded from the 2/8 level. It looks like the price is going to enter an “oversold zone” during the next several days. After that, the instrument may break the -2/8 level. In this case, the lines at the chart will be redrawn.



At the H1 chart, the market is consolidating below the Super Trend’s line. If the bears are able to keep the price below the 3/8 level, the instrument will continue falling down. The closest target for the bears is at the 0/8 level.



 
RoboForex Analytical Department