Murray Math Lines 09.12.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for December 9^th, 2013

AUD/USD

Australian Dollar started deeper and more serious correction and right now is moving between Super Trends. If later price rebounds from daily Super Trend, pair will start new descending movement. In this case, target will be at the 0/8 level again.



At H1 chart, Super Trends formed “bullish cross”. Most likely, in the nearest future price will continue growing up towards the 4/8 level. If later bears are able to rebound from this level, instrument may start new descending movement.

EUR/JPY

EUR/JPY is still growing up; last Friday price reached new maximum. Considering that pair is already moving above the 5/8 level, market may continue growing up towards the 8/8 one.



At H1 chart, pair is moving inside “overbought zone”. Most likely, in the nearest future price may form local correction.  After pair breaks the +2/8 level, lines at the chart will be redrawn.

SILVER

At H4 chart, Silver is moving between Super Trends. Last week, market was just several pips away from the 0/8 level. During the next several days, correction towards the 2/8 level may continue.



Price is moving in the middle of H1 chart. Last Friday, instrument rebounded from Super Trends again. If later market is able to keep price above the 5/8 level, instrument will continue growing up towards the 8/8 one.



 
RoboForex Analytical Department