Murray Math Lines 14.11.2013 (AUD/USD, EUR/JPY, SILVER)
14.11.2013
Analysis for November 14th, 2013
AUD/USD
Australian Dollar started deeper and more serious correction. Price broke H4 Super Trend and right now is moving above it. During local pullback, I opened short-term buy order with target at the 2/8 level.
At H1 chart, Super Trends are about to form “bullish cross”. Closest target for buyers is at the 4/8 level. If they break this level, price will continue growing up.
EUR/JPY
Pair continues growing up. Price was able to stay above daily Super Trend, which is strong bullish signal. Short-term target is at the 5/8 level. If market breaks this level, price will continue growing up towards the 8/8 one.
At H1 chart, market is about to enter “overbought zone”; Super Trends have already formed “bullish cross”. Pair may break the 8/8 level during the day and continue moving towards the +2/8 one.
SILVER
Silver rebounded from the 1/8 level twice. Considering that earlier price rebounded from the 7/8 level, instrument may reverse. If price breaks H4 Super Trend, bulls will return to the market.
At H1 chart, market is moving between Super Trends. Earlier price rebounded from the 1/8 level, closest target is at the 5/8 level. If instrument breaks this level, price will start deeper and more serious correction.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.