Murray Math Lines 25.04.2014 (AUD/USD, EUR/GBP, SILVER)

Analysis for April 25^th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar broke the 4/8 level and Super Trends formed “bearish cross”, which means that it’s time to start selling. Closest target is at the 3/8 level: if market breaks it downwards, pair will continue falling down.



As we can see at H1 chart, pair is moving inside “oversold zone”. Most likely, price will break the -2/8 level during the day and lines at the chart will be redrawn.

EUR GBP, “Euro vs Great Britain Pound”

Pair is still moving between Super Trends. Earlier price rebounded from the 1/8 level. Probably, in the nearest future pair may continue growing up towards the 3/8 level. Future scenario depends on how market will move at this level.



At H1 chart, Super Trends formed “bullish cross”; local correction is supported by the 2/8 level, from which pair rebounded earlier. If market is able to keep price above the 5/8 level, pair will continue growing up towards its main target, which is at the 8/8 one.

XAG USD, “Silver vs US Dollar”

Silver rebounded from the 1/8 level and right now is moving between Super Trends. It looks like in the future instrument is going to continue growing up towards the 4/8 level. If bulls break this level, price will continue moving upwards.



At H1 chart, Super Trends formed “bullish cross”. During correction, I opened buy order with target at the 8/8 level. Possibly, instrument may start new ascending movement during the day.



 
RoboForex Analytical Department