Murray Math Lines 18.04.2012 (USD/CAD, EUR/GBP, NZD/USD)

Analysis for April 18^th, 2012

USD/CAD

Yesterday the price rebounded from the 8/8 level. The Super Trends’ lines formed “bearish cross”. After reaching the 4/8 level, the pair started consolidating. In the near term, we can expect the price to continue falling down towards the 0/8 level.



The lines at the H1 and the H4 charts are completely the same. The local correction is supported by the H1 Super Trend. Most likely, the price will break the 3/8 level in the nearest future and continue falling down towards the target level, the 0/8 one.

EUR/GBP

The EUR/GBP currency pair has finally stopped the consolidation, which took place for the last several days. At the H4 chart the price moved very close to the 0/8 level. Most likely, this level will be broken and the pair will continue moving downwards.



At the H1 chart the Super Trends’ lines formed “bearish cross”, and then the price started falling down. The price may enter an “oversold zone” during the day. It looks like the pair is going to break the -2/8 level in the nearest future. After it happens, the lines at the chart will be redrawn.

NZD/USD

After breaking the daily Super Trend’s line, the market started the correction. Most likely, the bears will try to test the 7/8 level once again. If the price rebounds from the level, the pair will start falling down towards the weekly Super Trend.



At the H1 chart the pair is consolidating near the Super Trends’ lines. The price may rebound from the 6/8 level during the day, and the descending trend may continue. If the bears are able to break the 3/8 level, their new target will be the 0/8 one.