Murray Math Lines 24.12.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for December 24^th, 2013

AUD/USD

Australian Dollar is still being corrected; it has already reached daily Super Trend. Possibly, later pair may yet continue forming flat pattern for a while because of Christmas. However, if price rebounds from daily Super Trend, market will start new descending movement.



At H1 chart, Australian Dollar is moving between Super Trends. In the near term, price may try to test the 5/8 level. If bears are able to rebound from it, pair will start new descending movement.

EUR/JPY

Bulls continue pushing EUR/JPY upwards; they are supported by H4 Super Trend, from which price rebounded yesterday. Closest target for bulls is at the 8/8 level, which may later become starting point of new correction.



At H1 chart, after rebounding from the 4/8 level, price started new ascending movement. Right now, bulls are trying to keep price above the 5/8 level. If they succeed, pair will continue its ascending movement towards the 8/8 level.

SILVER

Silver is still being corrected; bears are trying to find support from H4 Super Trend. Probably, price may break the 0/8 level and continue falling down to reach the -2/8 one.



As we can see at H1 chart, price rebounded from the 4/8 level twice and right now is moving below Super Trends. Possibly, instrument may reach the 0/8 level until the end of this week.



 
RoboForex Analytical Department