Murray Math Lines 04.04.2013 (USD/CAD, AUD/JPY, SILVER)

Analysis for April 4^th, 2013

USD/CAD

At the H4 chart Canadian Dollar is consolidating; the bears are supported by the Super trend’s line. If the price rebounds from the line, the pair will start a new descending movement. the short-term target is at the 4/8 level.



At the H1 chart we can see that the pair is moving in the middle, between the Super Trends’ lines. We can’t exclude a possibility that in the nearest future the price may break the 0/8 level and enter an “oversold zone”. After the market breaks the -2/8 level, the lines at the chart will be redrawn.

AUD/JPY

The pair started a new ascending movement yesterday, just as we expected; the Super Trends’ lines formed “bullish cross”. Most likely, the 8/8 level will be broken by the end of this week. The short-term target is at the +2/8 level.



The price is moving in the upper part of the H1 chart. The stop on my buy order, which I opened yesterday, has already been moved into the black. The pair is just several tens of pips away from the lower border of an “overbought zone”. If the price breaks the +2/8 level, the lines at the chart will be redrawn.

SILVER

Silver continues falling down quite fast; the bears are supported by the H4 Super Trend’s line. In the near term, the instrument is expected to break the 0/8 level. If later the sellers break the -2/8 level, the lines at the chart will be redrawn.



The lines at the H4 and the H1 charts are completely the same. If the price rebounds from the Super Trend’s line, the market will start a new descending movement. I think the instrument is going to break the -2/8 level very soon.



 
RoboForex Analytical Department