Murray Math Lines: AUD/USD, EUR/GBP, Silver

Analysis for July 24th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is being corrected, which allowed me to open another buy order. Bulls are supported by the 5/8 level. If price breaks this level and stays above it, market may reach the 8/8 one in the nearest future.

As we can see at H1 chart, pair is supported by the 6/8 level, which means that price may start growing up again. Possibly, in the nearest future market may enter “overbought zone” and then break the +2/8 level. In this case, lines at the chart will be redrawn.

EUR GBP, “Euro vs Great Britain Pound”

Yesterday, take profit on three of my sell orders worked. In addition to that, lines at the chart were redrawn and price rebounded from the 1/8 level. Most likely, in the near term pair will move upwards and reach daily Super Trend, at least. If bulls break it, pair will continue growing up.

At H1 chart, price rebounded from the 0/8 level. Possibly, Super Trends may form “bullish cross” during the day. Closest target is at the 4/8 level, where I placed take profit on my current buy order.

XAG USD, “Silver vs US Dollar”

Silver is falling down, which allowed me to move stop loss on my sell order in breakeven. Super Trends are still influenced by “dead cross”. Target for the next several days is at the 4/8 level.

As we can see at H1 chart, Super Trends formed “dead cross”. Possibly, during the day Silver may break the 0/8 level and enter “oversold zone”. Later instrument may break the -2/8 level as well. In this case, lines at the chart will be redrawn.