Murray Math Lines 14.10.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for October 14^th, 2013

AUD/USD

The market was opened with a gap down this morning, but after that Australian Dollar rebounded from the H4 Super Trend. The bulls will beak the maximum in the nearest future; the target for this week is at the 8/8 level.



At the H1 chart we can see, that the price rebounded from the 6/8 level. We can’t exclude a possibility that the pair may break the +2/8 level during the day. In this case, the lines at the chart will be redrawn.

EUR/GBP

Last Friday, after rebounding from the H4 Super Trend, the pair reached a new maximum. Right now, the price is being corrected, but later it may start a new ascending movement towards the 4/8 level.



At the H1 chart we can see, that the price is moving close to an “overbought zone”; it is supported by the Super Trends. Most likely, in the nearest future the pair may break the +2/8 level. In this case, the lines at the chart will be redrawn.

SILVER

Silver continues moving downwards. Now the bears have to keep the price below the 3/8 level. If they succeed, the market may break the latest minimum and then continue falling down towards the 1/8 level.



At the H1 chart, the instrument stopped moving downwards near the 6/8 level; the sellers are supported by the Super Trends. During a correction, I opened one more sell order. We can’t exclude a possibility that the instrument may reach the 4/8 level during the next several hours.



 
RoboForex Analytical Department