Murray Math Lines 29.11.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for November 29^th, 2013

AUD/USD

Australian Dollar rebounded from H4 Super Trend and broke minimum. Considering that price is already moving below the 3/8 level, it may continue falling down towards the 0/8 one and later start new and deeper correction.



At H1 chart, pair is moving below the 1/8 level. Possibly, later price may break the 0/8 level and enter “oversold zone”. After bears break the -2/8 level, lines at the chart will be redrawn.

EUR/JPY

Pair continues moving upwards inside “overbought zone”. Yesterday, Take Profit on my first buy order worked, but during local correction, I opened one more.  Closest target is at the +2/8 level.



At H1 chart, target is at the 8/8 level, but my Take Profits are placed a bit lower. In addition to that, price is supported by Super Trends. Probably, market may reach the 8/8 level during Friday.

SILVER

Silver is still moving near lower border of “oversold zone”. If market breaks H4 Super Trend and keeps price above it, instrument may continue correction. If later price breaks the 0/8 level, new ascending movement may be more significant.



Price is moving in the middle of H1 chart. Silver has already rebounded from H1 Super trend and now is trying to stay above it. Later, instrument is expected to move towards the 8/8 level and enter “overbought zone”.



 
RoboForex Analytical Department