Murray Math Lines 09.01.2014 (AUD/USD, GBP/CHF, SILVER)

Analysis for January 9^th, 2014

AUD/USD

Australian Dollar continues falling down; H4 Super Trend is in the “red zone” again. I’m keeping my two sell orders. Later pair may break the 0/8 level and continue falling down towards the -2/8 one.



At H1 chart, bears are trying to keep price below the 3/8 level. If they succeed, pair will continue falling down. In this case, target will be at the 0/8 level, which may later become starting point of new correction.

GBP/CHF

Pair continues growing up and I decided to move stop into the black. Most likely, pair will break the 7/8 level in the nearest future. Main target is at the 8/8 level, where I placed Take Profits on my buy orders.



At H1 chart, pair is moving above the 5/8 level, which means that it may continue growing up. Price is trying to find support form Super Trends and may reach new maximum during the day.

SILVER

Silver rebounded from the 3/8 level, which may be the first sign of new local correction. Earlier, price rebounded from the 0/8 level. If market is able to keep price above Super Trends, instrument may start new ascending movement towards the 8/8 level.



The lines at the H4 and H1 charts are completely the same; market is moving in the middle of the chart. Possibly, Silver may break the 8/8 level until the end of this week and enter “overbought zone”. Later instrument may reach the +2/8 level and break it as well.



 
RoboForex Analytical Department