Murray Math Lines 28.10.2013 (AUD/USD, CAD/CHF, SILVER)

Analysis for October 28^th, 2013

AUD/USD

Australian Dollar rebounded from the daily Super Trend twice; I still have one buy order. We can’t exclude a possibility that the price may break the maximum and enter an “overbought zone” during the week.



At the H1 chart, the pair is moving between the Super Trends. The closest target for the bulls is at the 4/8 level. If later the price is able to break it, the pair will continue growing up.

CAD/CHF

The pair is still consolidating; the bears are supported by the H4 Super Trend. If the price rebounds from it, the market will start a new descending movement towards the 0/8 level.



The pair is being corrected at the 4/8 level. If later the bears are able to break the 3/8 level and keep the price below it, the pair may start a new descending movement. The main target is still at the 0/8 one.

SILVER

Silver is being corrected; earlier the Super Trends formed “bullish cross”. The price may break the maximum during the next several hours, that’s why I’m keeping my buy order with the target at the 8/8 level.



The lines at the H4 and H1 charts are completely the same. If the price rebounds from the current levels, the market will continue moving upwards. I’ll move the stop into the black as soon as the bulls break the maximum.



 
RoboForex Analytical Department