Murray Math Lines 12.11.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for November 12^th, 2013

AUD/USD

Australian Dollar continues moving downwards. Right now, market is trying to break the 1/8 level and may reach the 0/8 one in the nearest future. If later pair rebounds from the 0/8 level, price may start new correction.



At H1 chart, price rebounded from Super Trend and started moving downwards again. Considering that market is already moving below the 3/8 level, pair is expected to continue falling down towards the 0/8 one, where Take Profits on my sell orders are placed.

EUR/JPY

After rebounding from the 0/8 level, pair started growing up again. Stop on my buy order is already in the black. Closest target for buyers is at the 4/8 level. If market breaks Super Trends and keep price above them, bulls will return.



Levels at H4 and H1 charts are completely the same; Super Trends formed “bullish cross”. I’ll increase my long positions as soon as price breaks daily Super Trend.

SILVER

Silver continues moving downwards; bears are supported by H4 Super Trend. Closest target is still at the 1/8 level, which may later become starting point of new correction.



Levels at H4 and H1 charts are completely the same.  After completing local correction, market is expected to continue falling down towards the 1/8 level. If instrument breaks it, bears will continue pushing price downwards.



 
RoboForex Analytical Department