Murray Math Lines 16.11.2012 (USD/CAD, AUD/JPY, SILVER)

Analysis for November 16^th, 2012

USD/CAD

Canadian Dollar is trying to stay inside an “overbought zone”. The price rebounded from the H4 Super Trend’s line. Most likely, in the nearest future the market will start growing up again. After the pair breaks the +2/8 level, the lines at the chart will be redrawn.



The lines at the H4 and the H1 charts are completely the same. At the moment the market is moving near the 8/8 level. During a correction I opened a short-term buy order and will move the stop into the black as soon as possible.

AUD/JPY

The bulls rebounded from the Super Trend’s line. We can’t exclude a possibility that the pair may continue moving upwards in the nearest future. The target for the buyers for the next several days is at the 8/8 level. If the market breaks this level, the price will continue growing up towards new maximums.



At the H1 chart the bulls were supported by the 6/8 level. During a correction I opened a short-term buy order with Take Profit placed at the 8/8 level. We can’t exclude a possibility that the pair may break a local maximum.

SILVER

A correction has been taking place for the last several days, the bulls are supported by the H4 Super Trend’s line. If later the market is able to keep the price above the 5/8 level, the instrument will continue growing up towards the 8/8 one.



Silver is moving in the upper part of the H1 chart. If the price rebounds from the current levels, the instrument will start growing up again. The price may enter an “overbought zone” during the day.



 
RoboForex Analytical Department