Murray Math Lines 24.10.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for October 24^th, 2013

AUD/USD

Australian Dollar reached its main target at the 8/8 level; all six of my Take Profits worked. Right now, the pair is being corrected. During a local correction, I opened another buy order with the target at the daily Super Trend.



At the H1 chart, the Super Trends formed “bearish cross”. If later the price is able to break the 5/8 level and the daily Super Trend, the bears will start a deeper correction.

EUR/GBP

After rebounding from the Super Trends, the pair started a new ascending movement. There is a possibility that the price may break the 8/8 level and enter an “overbought zone”. In this case, the target will be at the +2/8 level.



At the H1 chart we can see, that the price is being corrected below the 7/8 level. We can’t exclude a possibility that the pair may start a new ascending movement during the day. In the nearest future, the pair is expected to break the +2/8 level. In this case, the lines at the chart will be redrawn.

SILVER

Silver is consolidating; the price is supported by the H4 Super Trend. The target for the next several days is at the 8/8 level. I’ve already moved the stop on my buy order into the black.



The lines at the H4 and H1 charts are completely the same; the Super Trends are inside the “green zone”. During the day, the instrument is expected to break the maximum and reach the 7/8 level, at least.



 
RoboForex Analytical Department