Murray Math Lines 14.09.2012 (USD/CAD, AUD/USD, SILVER)
14.09.2012 / 14:54
Analysis for September 14th, 2012
USD/CAD
After rebounding form the 4/8 level and the H4 Super Trend’s line, the price continued moving downwards. It looks like the bears are pushing the market towards the 0/8 level. In the near term, the pair is expected to continue falling down.
The lines at the H4 and the H1 charts are completely the same. Yesterday the Super Trends’ lines formed “bearish cross”. Taking into consideration the fact that the pair is moving below the 3/8 level, we can expect it to reach the 0/8 one within the next several hours.
AUD/USD
Australian Dollar continues moving upwards fast. The price is moving above the 5/8 level, thus indicating that it may continue growing up towards the 8/8 one. Today I’ve opened a short-term buy order and moved the stop into the black.
The lines at the H4 and the H1 charts are completely the same. The bulls are supported by the Super Trends’ lines. In the near term, we can expect the bulls to continue pushing the market towards new maximums.
SILVER
Yesterday, after being supported by the 6/8 level, Silver started growing up. At the moment the price is consolidating inside an “overbought zone”. The closest target is the +2/8 level. If the instrument breaks it, the lines at the chart will be redrawn.
At the H1 chart the price is being corrected inside an “overbought zone”, the bulls are supported by the Super Trend’s line. In the near term, we can expect Silver to break the +2/8 level and the lines at the chart will be redrawn.
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