Murray Math Lines 22.11.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for November 22^nd, 2013

AUD/USD

Australian Dollar successfully entered “oversold zone”; possibly, price may reach new minimums during Friday. If pair breaks the -2/8 level, lines at the chart will be redrawn.



Levels at H4 and H1 charts are completely the same; bears are supported by Super Trends. During local correction, I opened sell order with target at the -2/8 level.

EUR/JPY

Just as we expected, pair started fast ascending movement. Yesterday price broke maximum. If bulls are strong enough to break the 7/8 level, market may reach its main target at the 8/8 one in the nearest future.



At H1 chart, market is moving inside “overbought zone”. During correction, I opened another buy order, now I have three. If later price breaks the +2/8 level, lines at the chart will be redrawn.

SILVER

Silver is still moving inside “oversold zone”; price is supported by Super Trends. Possibly, instrument may break the -2/8 level until the end of this week. In this case, lines at the chart will be redrawn.



At H1 chart, we can see that price is moving between Super trends. As long as instrument is moving below the 3/8 level, there is a chance that it may continue falling down. Otherwise, price may start deeper and more serious correction.



 
RoboForex Analytical Department