Murray Math Lines 13.08.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for August 13^th, 2013

AUD/USD

After rebounding from the 7/8 level, Australian Dollar started a deeper correction. Considering that at the daily chart the price rebounded from the 1/8 level, this correction may continue for a while. That’s why I’m buying again with the target at the 8/8 level.



The lines at the H4 and H1 charts are completely the same; the Super Trends have already formed “bearish cross”. If the market breaks the lines and keep the price above them, the pair will start a new ascending movement.

EUR/GBP

The pair is still consolidating; this movement is supported by the 5/8 level and the H4 Super Trend. The stop on my sell order is in the black, the target is still at the 0/8 level.



The pair is moving in the lower part of the H1 chart; the price is trying to rebound from the 2/8 level. The main target for the bears is at the 0/8 level.

SILVER

Silver continues moving upwards; the bulls are supported by the Super Trends. In the near term, the price is expected to reach the 8/8 level, which may later become a starting point of a new correction.



The lines at the H4 and H1 charts are completely the same. The price is just several tens of pips away from the 8/8 level, which may be reached during the day.



 
RoboForex Analytical Department