Murray Math Lines 27.09.2012 (USD/CHF, EUR/JPY, SILVER)

Analysis for September 27^th, 2012

USD/CHF

The Super Trends formed “bullish cross” and the market is moving above the indicators’ lines. We can’t exclude a possibility that the price may continue growing up in the nearest future. The target for the buyers for the next several days is the 4/8 level.



The price is moving in the middle of the H1 chart, the bulls are supported by the Super Trends ‘lines. If the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.

EUR/JPY

The price is moving in the middle of the chart. Earlier the Super Trends formed “bearish cross”. In the nearest future, we can expect the pair to continue moving downwards, the closest target is at the 3/8 level.



At the H1 chart the bears, after rebounding from the Super Trend’s line, are trying to enter an “oversold zone” once again. During the end of a local correction I’ve decided to open a short-term sell order. Later the price may break the -2/8 level and the lines at the chart will be redrawn.

SILVER

Yesterday Silver rebounded from the daily Super Trend’s line and may start moving upwards again. But first of all, the bulls have to break the H4 Super Trend and keep the price above it. The short-term target is at the +2/8 level.



The correction was supported by the 2/8 level, the H1 Super Trend entered a “green zone”. If the bulls are able to keep the price above the 5/8 level, the instrument will continue growing up towards the 8/8 one, where Take Profit on buy order is placed.