Murray Math Lines 21.11.2013 (AUD/USD, EUR/JPY, SILVER)
21.11.2013
Analysis for November 21st, 2013
AUD/USD
Australian Dollar couldn’t break weekly Super Trend and started falling down again; price got very close to the 0/8 level. Possibly, pair may enter “oversold zone” on Thursday.
At H1 chart, Super Trends formed “bearish cross”; yesterday price rebounded from the 5/8 level. In the future, pair is expected to break the -2/8 level. In this case, lines at the chart will be redrawn.
EUR/JPY
Pair started correction and right now is mobbing between Super Trends. Considering that earlier price rebounded from the 4/8 level, market may start new ascending movement. If market is able to keep price above H4 Super Trend, this scenario will be confirmed.
Similar can be seen at H1 chart. If later price breaks the 6/8 level, bulls may have a chance to take control over the situation. This is exactly why I’m keeping my buy order.
SILVER
Yesterday Silver almost reached my pending sell order. Price is moving inside “oversold zone” and may break the -2/8 level quite soon. If it happens, lines at the chart will be redrawn.
At H1 chart, we can see that bears are trying to keep price below the 3/8 level. If they succeed, instrument will continue falling down. In this case, target will be at the 0/8 level.
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