Murray Math Lines 15.03.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for March 15^th, 2013

AUD/USD

The pair rebounded from the Super Trends’ lines, which earlier formed “bullish cross”. During a local correction I opened a short-term buy order. The price is already moving above the 5/8 level, so we can expect it to continue growing up towards the 8/8 one.



At the H1 chart the bulls are trying to enter an “overbought zone”; they are supported by the Super Trend’s line. If later the instrument breaks the +2/8 level, the lines at the chart will be redrawn.

EUR/JPY

At the H4 chart we can see that the pair tried to enter an “overbought zone” several times. Earlier The Super Trends’ lines formed “bullish cross”. We can’t exclude a possibility that the price may break a local maximum during the next several hours.



The pair is moving in the upper part of the H1 chart; the bulls are trying to keep the price above the 8/8 level. Most likely, the price will continue growing up. If the market breaks the +2/8 level, the lines at the chart will be redrawn.

SILVER

Silver is once again moving below the H4 Super Trend’s line. We can’t exclude a possibility that the current correction may finish quite soon. During the next several days the instrument is expected to break a local minimum and continue falling down towards the 3/8 level.



At the H1 chart the Super Trends’ lines formed “bearish cross”. If the price rebounds from the current levels, the instrument will start a new descending movement. Most likely, the market will break the -2/8 level and the lines at the chart will be redrawn.



 
RoboForex Analytical Department