Murray Math Lines 15.11.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for November 15^th, 2013

AUD/USD

Australian Dollar is still being corrected; price wasn’t able to stay above H4 Super Trend, which means that it may continue moving downwards. This is why during local correction I opened short-term sell order with stop at daily Super Trend.



At H1 chart, pair rebounded from the 3/8 level; Super Trends are still influenced by “bearish cross”. In the future, I’ll move stop into the black as soon as possible.

EUR/JPY

Pair continues growing up fast; Super Trend formed “bullish cross”. If later price is able to stay above the 5/8 level, market will continue growing up towards the 8/8 one.



At H1 chart, market entered “overbought zone”; bulls are supported by Super Trends. Most likely, pair will break the +2/8 level in the nearest future. In this case, lines will be redrawn.

SILVER

Silver rebounded from the 1/8 level, which may be signal of new correction. Bulls are trying to break H4 Super Trend. If later instrument is able to stay above it, price will start moving towards daily Super Trend.



At H1 chart, market is moving between Super Trends. If market is able to keep price above the 3/8 level during the day, instrument will continue growing up towards the 5/8 one and may complete current correction there.



 
RoboForex Analytical Department