Murray Math Lines 12.12.2013 (AUD/USD, EUR/GBP, SILVER)

Analysis for December 12^th, 2013

AUD/USD

After rebounding from daily Super Trend, Australian Dollar started falling down again. Price broke the 0/8 level and right now is moving inside “oversold zone”. Most likely, in the nearest future instrument will continue falling down towards the -2/8 level.



At H1 chart, pair is also moving below the 0/8 level; bears are supported by Super Trends. Right now, market is being corrected, but may start new descending movement during the day.

EUR/GBP

EUR/GBP continues moving upwards and I’ve moved stop on my buy order into the black. If later price is able to stay above the 5/8 level, pair will continue growing up. In this case, target will be at the 8/8 level.



Levels at H4 and H1 charts are completely the same; current ascending movement is supported by Super Trends. In the future, I’m planning to increase my long positions during local corrections.

SILVER

Silver is still consolidating; earlier Super Trends formed “bullish cross”. So far I’ve got only one buy order with target at the 3/8 level.



At H1 chart, price is about to enter “overbought zone”. Possibly, Silver may break the 8/8 level during Thursday. If later price breaks the +2/8 level, lines at the chart will be redrawn.



 
RoboForex Analytical Department