Murray Math Lines 25.10.2013 (AUD/USD, CAD/CHF, SILVER)

Analysis for October 25^th, 2013

AUD/USD

Yesterday Australian Dollar reached the daily Super Trend and Take Profit on my sell order worked. After the pair rebounded from the Super Trend, I opened a buy order. We can’t exclude a possibility that the price may break the 8/8 level during the next several days.



At the H1 chart, the pair is moving between the Super Trends. I’ll move the stop into the black as soon as the price starts moving upwards. If later the price is able to stay above the 4/8 level, the bulls will return to the market.

CAD/CHF

The pair is falling down and supported by the Super Trends. I’ll continue increasing my short positions as long as the price is moving below them. The main target for the next several days is at the 0/8 level.



The pair is in the middle of the H1 chart. If later the bears are able to keep the price below the 3/8 level, the pair may continue falling down towards the 0/8 one.

SILVER

Silver is consolidating, so I’m staying out of the market. Right now, it’s quite risky to buy, so I’ve placed a pending order. The short-term target is still at the 8/8 level.



The lines at the H4 and H1 charts are completely the same; the price is moving between the Super Trends. I’ll continue opening buy orders as soon as the bulls are able to keep the price above the H1 Super Trend.



 
RoboForex Analytical Department