Murray Math Lines 14.03.2013 (NZD/USD, EUR/JPY, SILVER)

Analysis for March 14^th, 2013

NZD/USD

Yesterday New Zealand Dollar started a new descending movement and broke the Super Trend’s line. The price is already moving below the 3/8 level, which means that the pair may continue falling down. The short-term target is at the 0/8 level.



The pair is moving in the middle of the H1 chart; earlier the Super Trends’ lines formed “bearish cross”. Later the price is expected to break the 3/8 level and continue falling down.

EUR/JPY

The pair is consolidating between the Super Trends’ lines. We can’t exclude a possibility that the price may break the 8/8 level. Later the pair is expected to continue growing up towards the +2/8 level and break it. In this case, the lines at the chart will be redrawn.



At the H1 chart we can see that the pair left an “overbought zone”. However, the bulls are supported by the 7/8 level. If the price rebounds from this level and breaks the 8/8 one again, the market will continue moving upwards.

SILVER

The market has been consolidating for several weeks. On Wednesday the market broke the H4 Super Trend’s line and right now is trying to keep the price below it. Later Silver is expected to continue falling down towards the 3/8 level.



At the H1 chart we can see that the Super Trends’ lines formed “bearish cross”. It looks like the price may rebound from the 4/8 level and then continue moving downwards. If later the instrument breaks the -2/8 level, the lines at the chart will be redrawn.



 
RoboForex Analytical Department