Murray Math Lines 03.10.2013 (AUD/USD, NZD/JPY, SILVER)

Analysis for October 3^rd, 2013

AUD/USD

Australian Dollar rebounded from the H4 Super Trend again; earlier the price rebounded from the 4/8 level. Most likely, during the next several days the pair will start a new ascending movement. The target for the bulls is at the 8/8 level.



At the H1 chart, the Super Trends are still under pressure “bullish cross”. If the market is able to keep the price above the 5/8 level, the pair will continue growing up. In this case, the target will be at the 8/8 level.

NZD/JPY

The pair rebounded from the 3/8 level and is trying to start a new ascending movement. If the bulls are able to break the daily Super Trend, they will become more dominant. I’ll increase my long positions as soon they break it.



At the H1 chart, the market could leave an “oversold zone”; the Super Trends formed “bullish cross”. The closest target for the bulls is at the 2/8 level.

SILVER

Silver broke the H4 Super Trend, thus ruining all bearish plans and expectations. During a local correction I opened a buy order. Later the market is expected to move upwards and reach the daily Super Trend. If the market breaks it, the instrument will continue growing up.



At the H1 chart we can see, that the bulls’ first attempt to enter an “overbought zone” failed; the Super Trends formed “bullish cross” and right now are supporting the current correction. We can’t exclude a possibility that the price may break the -2/8 level during the next several days. In this case, the lines at the chart will be redrawn.



 
RoboForex Analytical Department