Murray Math Lines 19.07.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for July 19^th, 2013

AUD/USD

Australian Dollar rebounded from the 4/8 level and the daily Super Trend for the second time. If the market is able to keep the price below the 3/8 level, the pair will continue falling down. In this case, the target will be at the 0/8 level.



At the H1 chart, the Super Trends formed “bearish cross”. If the market breaks the 4/8 level, the pair will continue falling down towards the 0/8 one. If this level is also broken, the bears will continue pushing the price downwards.

EUR/GBP

The pair left an “overbought zone” and right now is being corrected between the Super Trends. The closest target is the 4/8 level; the price may reach it in the nearest future.



At the H1 chart, the current correction is supported by the Super Trends. The pair is already moving below the 3/8 level, which means that it may continue falling down towards the 0/8 level. Later this level may become a starting point of a new correction.

SILVER

Silver rebounded from the 2/8 level, which means that it may break the minimum and enter an “oversold zone”. The Super Trends are about to form “bearish cross”. The target is at the -2/8 level, but if the market breaks it, the lines at the chart will be redrawn.



The price is moving in the middle of the H1 chart; the bears are supported by the 4/8 level. If the market is able to keep the price below the 3/8 level, the instrument will continue falling down towards the 0/8 one.



 
RoboForex Analytical Department