Murray Math Lines 23.12.2013 (AUD/USD, EUR/JPY, SILVER)
23.12.2013
Analysis for December 23rd, 2013
AUD/USD
Australian Dollar is still being corrected between Super Trends. If later pair rebounds from daily Super Trend, market will start new descending movement, in this case, target will be at the -2/8 level.
Australian Dollar is moving in lower part of H1 chart. If price breaks Super Trends, pair will start new descending movement. In this case, next thing bears need to do is to enter “oversold zone”.
EUR/JPY
EUR/JPY is already moving above the 7/8 level; local correction is supported by H4 Super Trend. If price rebounds from it, pair will start growing up towards the 8/8 level.
Price is moving in the middle of H1 chart, above the 4/8 level. If bulls are able to keep price above the 5/8 level, pair will continue its ascending movement towards the 8/8 level.
SILVER
Silver is still being corrected; so far, bulls are slowed down a bit by H4 Super Trend. Possibly, price will break the 8/8 level in the middle of the week.
As we can see at H1 chart, last week bulls tried to break the 4/8 level, but failed. Closest target for bears is at the 0/8 one; they may break it quite soon..
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