Murray Math Lines 26.12.2013 (AUD/USD, NZD/JPY, SILVER)
26.12.2013
Analysis for December 26th, 2013
AUD/USD
Australian Dollar rebounded from daily Super Trend and may start new descending movement. Possibly, pair may reach new minimum until the end of this week. Main target is at the -2/8 level.
At H1 chart, Super Trends formed “bearish cross”. If bears are able to keep price below the 3/8 level, pair will continue falling down towards the 0/8 one, which may later be broken as well.
NZD/JPY
NZD/JPY is still consolidating and moving above the Super Trends, which means that it may start growing up again. considering that market is already moving above the 5/8 level, next target will be at the 8/8 one.
At H1 chart, price rebounded from the 4/8 level several times; Super trends are still influenced by “bullish cross”. In the future, price may break the +2/8 level. In this case, lines at the chart will be redrawn.
SILVER
Silver is still being corrected; bears are supported by H4 Super Trend and the 2/8 level. If price rebounds from these levels, instrument will continue falling down to reach the -2/8 one.
Silver is moving in the middle of H1 chart. If later price rebounds from the 4/8 level, instrument will start new descending movement. If bears are able to keep price below the 3/8 level, market will continue falling down towards the 0/8 one.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.