Murray Math Lines 01.10.2013 (AUD/USD, NZD/JPY, SILVER)

Analysis for October 1^st, 2013

AUD/USD

Australian Dollar rebounded from the 4/8 level and the daily Super Trend. The stop on my yesterday’s buy order is already in the black, and more to that, my pending order worked. The main target is still at the 8/8 level.



At the H1 chart, the Super Trends formed “bullish cross”; the price has already broken the 4/8 level. If later the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.

NZD/JPY

The pair is moving in the middle of the chart, between the Super Trends. If the bulls are able to break the daily Super Trends and then keep the price above the 5/8 level, the market will continue growing up towards the 8/8 one.



At the H1 chart, the market is trying to leave an “oversold zone”; the short-term target for the bulls is at the 4/8 level. If the Super Trends form “bullish cross”, it will be another sign of a new ascending movement.

SILVER

Silver is still consolidating. We can’t exclude a possibility that the bulls may try to test the 1/8 level. If the price rebounds from it, the pair will start a new descending movement and break the -2/8 one.



The lines at the H4 and H1 charts are completely the same. We can’t exclude a possibility that the price may break the -2/8 level until the end of this week. In this case, the lines at the chart will be redrawn.



 
RoboForex Analytical Department