Murray Math Lines 22.04.2014 (AUD/USD, EUR/GBP, SILVER)

Analysis for April 22^nd, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar broke H4 Super Trend upwards, and I decided to close my sell order and opened bought one. Target for bulls is at the 8/8 level. Possibly, instrument may break local maximum during the next several days.



As we can see at H1 chart, Super Trends formed “bullish cross”. Most likely, market will reach the 4/8 level during the day, break it, and continue growing up. I’ll move stop on my order into the black as soon as instrument continues moving upwards.

EUR GBP, “Euro vs Great Britain Pound”

Pair reached new minimum. Earlier price rebounded from H4 Super Trend and I opened sell order; stop is already in the black. If market is able to stay below the 1/8 level, price will continue falling down towards the 0/8 one.



At H1 chart, after slight consolidation, price started moving downwards; bears are supported by Super Trends. If later pair rebounds from the 0/8 level, market will start new correction.

XAG USD, “Silver vs US Dollar”

Silver is still being corrected. Earlier price rebounded from H4 Super Trends several times. In the near term, instrument is expected to break local minimum and continue moving downwards to reach the 0/8 level.



As we can see at H1 chart, Silver may try to test Super Trend and the 4/8 level. If Silver rebounds from these levels and then is able to stay below the 3/8 level, instrument may start new descending movement towards the 0/8 one.



 
RoboForex Analytical Department