Murray Math Lines 18.12.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for December 18^th, 2013

AUD/USD

Australian Dollar continues falling down; yesterday it reached new minimum. Bears are supported by Super Trends. Most likely, price will reach the 0/8 level before the end of this week.



At H1 chart, price is moving inside “oversold zone”; earlier pair rebounded from Super Trends. Possibly, instrument may break the -2/8 level during the day. In this case, lines at the chart will be redrawn.

EUR/JPY

EUR/JPY is trying to start new ascending movement. If pair is able to stay above H4 Super trend, market will continue growing up. In this case, target will be at the 8/8 level, which may later become starting point of new and more serious correction.



At H1 chart, pair rebounded from the 5/8 level. Probably, Super Trends may form “bullish cross” in the nearest future. During the next several hours, price may break the 8/8 level and enter “overbought zone”.

SILVER

Silver is still consolidating below the 4/8 level. If price is able to stay below Super Trends, it will continue falling down. Most likely, the 0/8 level will be broken by bears.



At H1 chart, market is moving between Super Trends. Earlier price rebounded from the 8/8 level. If later instrument breaks the 3/8 level, next target for bears will be at the 0/8 one.



 
RoboForex Analytical Department