Murray Math Lines 08.10.2013 (AUD/USD, GBP/CHF, SILVER)

Analysis for October 8^th, 2013

AUD/USD

Australian Dollar is still consolidating; the price is supported by the H4 Super Trend. If later the pair rebounds from it, the market will start a new ascending movement towards the 8/8 level.



At the H1 chart, the bulls are trying to keep the price above the 5/8 level. If they succeed, the market will continue growing up. In this case, the target will be at the 8/8 level.

GBP/CHF

After making a fast descending movement, the pair is being corrected. Earlier the price left an “overbought zone” and right now the closest target is at the 6/8 level. If the bears break it, the price will continue falling down.



At the H1 chart, the pair is consolidating between the 5/8 and 3/8 levels. If later the price breaks the Super Trends and stay below the 3/8 level, the market will continue moving downwards and reach the 0/8 level.

SILVER

Just as we expected, Silver started growing up. The stop on my buy order is already in the black. If later the price rebounds from the daily Super Trend and the 5/8 level, the market may make a reverse.



At the H1 chart we can see, Silver has successfully entered an “overbought zone; the bulls are supported by the Super Trends. Most likely, the price will try to test the +2/8 level during the day.



 
RoboForex Analytical Department