Murray Math Lines 09.08.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for August 9^th, 2013

AUD/USD

It looks like after rebounding from the 1/8 level, Australian Dollar started moving upwards. Earlier the Super Trends formed “bullish cross”. During a local correction, I opened a buy order and then added one more. The target for both long positions is at the 7/8 level.



The lines at the H4 and H1 charts are completely the same; the bulls are supported by the Super Trends. We can’t exclude a possibility that the price may reach the 7/8 level during Friday.

EUR/GBP

After making a fast descending movement, the pair is being corrected; the Super Trends formed “bearish cross”. I opened a short-term sell order with the target at the 4/8 level.



The pair is being corrected in the lower part of the H1 chart; the sellers are supported by the Super Trends, which earlier formed “bearish cross”. The target is at the 0/8 level

SILVER

Silver is starting to move upwards; the instrument rebounded from the 1/8 level and the Super Trends formed “bullish cross”. If the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 level.



At the H1 chart, the bulls are about to enter an “overbought zone”. If the price rebounds from the Super Trend, the pair will break the 8/8 level. If later the pair breaks the +2/8 level, the lines at the chat will be redrawn.



 
RoboForex Analytical Department