Murray Math Lines 31.07.2014 (AUD/USD, EUR/GBP, SILVER)

31.07.2014

Analysis for July 31st, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is getting closer to the 0/8 level. Today price may rebound from this level and start correction. During correction price may try to test the 2/8 level.  
 
 
 
At H1 chart, the target is at the 0/8 level. Yesterday price rebounded from the 2/8 level and Super Trend indicating descending movement. I moved stop loss on order to the last maximum to provide minimum profit.
 
 
 
 
 

EUR GBP, “Euro vs Great Britain Pound”

Pair tests once again the 4/8 level and daily Super Trend. If price rebounds from these levels, descending movement will be resumed. When price stays below the 3/8 level, the target will be at the 0/8 level.


 
At H1 chart, sellers are trying to rebound from the 8/8 level from which price rebounded not long ago. I have two sell orders with drawdown. When price breaks Super Trends, I am planning to increase short position.
 
 
 
 
 

XAG USD, “Silver vs US Dollar”

Silver tests once again the 5/8 level. If price rebounds from this level once again, I expect quotes falling down towards the 3/8 level.
 
  
 
At H1 chart, there is flat and Super Trends are still consolidating. Probably, price will rebound from the 4/8 level indicating the new descending movement.





RoboForex Analytical Department
Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.