Murray Math Lines 05.12.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for December 5^th, 2013

AUD/USD

Australian Dollar is being corrected; bears are supported by Super Trends. Considering that price is already moving below the 3/8 level, it may continue falling down towards the 0/8 one.



At H1 chart, price is trying to stay inside “oversold zone”. If pair rebounds from Super Trends, bears will continue moving towards the -2/8 level.  After pair breaks this level, lines at the chart will be redrawn.

EUR/JPY

EUR/JPY is still being corrected inside “overbought zone”. Possibly, in the nearest future price may test H4 Super Trend. If price rebounds from it, pair will start new ascending movement.



Pair is moving in the middle of H1 chart. Considering that earlier price broke the 6/8 level, now it is expected to test the 2/8 one. If bulls rebound from it, market may start new ascending movement.

SILVER

Silver was just several pips away from the 0/8 level, when bulls were stopped by daily Super Trend; their first attempt to break it failed.  Possibly, they may try to break this level once again during the day.



At H1 chart, market is moving between Super Trends. If instrument rebounds from the 4/8 level, price may start new ascending movement.  during the day. If later bulls are able to keep price above the 5/8 level, instrument will continue growing up towards the 8/8 one.



 
RoboForex Analytical Department