Murray Math Lines 19.10.2012 (AUD/USD, GBP/CHF, SILVER)

Analysis for October 19^th, 2012

AUD/USD

Australian Dollar continue a corrective movement, the bulls are supported by the H4 Super Trend’s line. If the market rebounds from the line, the price will start moving upwards again. The short-term target is at the 4/8 level.



At the H1 chart the price is trying to leave an “overbought zone”, but the Super Trend’s line is a very strong support level. The pair may continue growing up during the next several hours. After the pair breaks the +2/8 level, the lines at the chart will be redrawn.

GBP/CHF

After rebounding from the H4 Super Trend’s line several times, the bears were able manage to enter and “oversold zone”. During a local correction I’ve opened one more sell order. The short-term target is still at the -2/8 level.



At the H1 chart the bear are trying to keep the price below the 3/8 level, they are supported by the Super Trend’s line. If the market rebounds from the current levels, the pair will start falling down again towards the 0/8 one.

SILVER

After rebounding from the Super Trend’s line, Silver continued falling down. The market is moving below the 3/8 level, and the target is at the 0/8 one. In the future, the price may make a reverse at the latter level.



At the H1 chart the bears are trying to break the 3/8 level. If they succeed in doing it, the instrument will continue falling down towards the 0/8 one. Considering that the market is quite unstable, I’ll move the stop lower as the price continues moving downwards.



 
RoboForex Analytical Department