Murrey Math Lines 27.11.2014 (EUR/USD, SILVER)
27.11.2014
Analysis for November 27th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected; the market is moving between Super Trends, which are in “red zone”. The closest target is at the 4/8 level. After reaching it, the market may start a more serious pullback.
As we can see at the H1 chart, the pair has rebounded from the 6/8 level, which means that the downtrend may resume quite soon. Possibly, Super Trends may form “bearish cross” in the nearest future. I’m planning to increase my position as soon as the pair breaks the 3/8 level and stays below it.
XAG USD, “Silver vs US Dollar”
Possibly, Silver is back to growth. The price rebounded from the -1/8 level several times and later was able to break the 1/8 one and stay above it. Super Trends have formed “bullish cross”. The closest target is at the 4/8 level.
At the H1 chart, the price is moving in the middle. Earlier Silver rebounded from the 2/8 level. I’m planning to increase my long position as soon as the market breaks Super Trends upwards and stays above them.
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.