Murray Math Lines 13.11.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for November 13^th, 2013

AUD/USD

Yesterday market reached the 0/8 level and rebounded from it. Take Profits worked and closed all my sell orders. Most likely, in the nearest future pair will start local correction, at least. If later price is able to rebound from H4 Super Trend, market will start new descending movement.



At H1 chart, bears were also stopped at the 0/8 level. Now we can expect new correction, which may continue up to the 2/8 level at least. If price rebounds from it, I’ll open several sell orders again.

EUR/JPY

Pair continues growing up quite fast; Super Trends may form “bullish cross” in the nearest future. During local correction, I opened short-term buy order with target at the 4/8 level.



At H1 chart, market is being corrected near Super Trends. Most likely, pair will continue growing up towards the 8/8 level during the day. Later this level may become starting point of new correction.

SILVER

Silver reached its main target at the 1/8 level and all my Take Profits worked. However, price hasn’t rebounded from this level yet, so I’ve decided to open short-term sell order. Possibly, instrument may reach the 0/8 level during the day.



At H1 chart, market is being corrected below Super Trends, which are in red zone. There are no signs or reverse so far, that’s why bears may try to test the 4/8 level in the nearest future.



 
RoboForex Analytical Department