Murray Math Lines 20.11.2012 (AUD/USD, NZD/JPY, SILVER)

Analysis for November 20^th, 2012

AUD/USD

Australian Dollar is trying to start growing up, the Super Trends’ lines moved into the “green zone”. At the moment a local correction is taking place, but the price may start moving upwards during the day. The short-term target is at the 4/8 level.



At the H1 chart the pair is consolidating, the bulls are supported by the Super Trend’s line. If the price rebounds from the current levels, the market will most probably continue growing up towards the +2/8 one or may be even higher.

NZD/JPY

Yesterday the bulls reached a new local maximum. Earlier the Super Trends’ lines had formed “bullish cross”. Most likely, the price will continue growing up in the nearest future. The target for the buyers is at the 8/8 level.



The lines at the H4 and the H1 charts are completely the same. Currently the pair is being corrected near the Super Trend’s line. If the price rebounds from the current levels, the market will continue growing up towards the 8/8 one.

SILVER

After rebounding from the daily Super Trend’s line, the market started moving upwards again. Yesterday the bulls broke the 4/8 level. 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.



The lines at the H4 and the H1 charts are completely the same the price started growing up again. The bulls are supported by the Super Trends’ lines. The target for the next several days is at the 8/8 level.



 
RoboForex Analytical Department