Murray Math Lines 09.10.2013 (AUD/USD, GBP/CHF, SILVER)

Analysis for October 9^th, 2013

AUD/USD

Australian Dollar is still being corrected; the price is supported by the H4 Super Trend. If later the pair rebounds from it, the market will start a new ascending movement. In this case, the target will be at the 8/8 level.



At the H1 chart, the bulls are trying to keep the price above the 5/8 level; the Super Trends are inside the “green zone” again. We can’t exclude a possibility that in the nearest future the market will break the 8/8 level and enter an “overbought zone”.

GBP/CHF

The pair is moving below the H4 Super Trends again. After the price completed the correction, I opened one more sell order. The target for the next several days is at the 6/8 level.



The pair is moving in the middle of the H1 chart. If the market is able to keep the price below the 3/8 level, the market will continue moving downwards. In this case, the target will be at the 0/8 level.

SILVER

Silver started a deeper correction; however, the bulls were supported by the H4 Super Trend. If later the instrument rebounds from it, the bulls will continue pushing the price towards the maximum.



At the H1 chart we can see, Silver is moving inside an “overbought zone. Most likely, in the nearest future the bulls will test the daily Super Trend and the +2/8 level. If the market rebounds from these levels, the bears will make the price to reverse.



 
RoboForex Analytical Department