Murray Math Lines 19.11.2012 (EUR/GBP, NZD/JPY, SILVER)

Analysis for November 19^th, 2012

EUR/GBP

Last Friday the pair rebounded from the 4/8 level and the bears were able to keep the price below the Super Trends’ lines. In the future we can expect the pair to continue falling down. The target is at the 0/8 level.



At the H1 chart the Super Trends’ lines formed “bearish cross”. We can’t exclude a possibility that a local correction may be finished during the day. If later the market is able to keep the price below the 3/8 level, the instrument will continue falling down towards the 0/8 one.

NZD/JPY

At the H4 chart the Super Trends’ lines formed “bullish cross”. At the moment the market is moving above the 5/8 level. Most likely, the price will continue growing up during the day. The short-term target for the buyers is at the 8/8 level.



The lines at the H4 and the H1 charts are completely the same. The bulls are supported by the Super Trend’s lines. Later we can expect the price to continue growing up towards the 8/8 level.

SILVER

At the H4 chart the Super Trends’ lines formed “bullish cross”. The buyers faced resistance at the 4/8 level, but they may break it in the nearest future. Later the instrument may continue growing up towards the 8/8 level.



After rebounding from the 4/8 level, Silver is again moving towards the lower border of an “overbought zone”. Most likely, the 8/8 level will be broken during the day. After the instrument breaks the +2/8 level, the lines at the chart will be redrawn.



 
RoboForex Analytical Department