Murray Math Lines 19.04.2012 (USD/CAD, EUR/GBP, AUD/USD)

Analysis for April 19^th, 2012

USD/CAD

It looks like Canadian Dollar is trying to stop the consolidation, which has taken place over the last 24 hours. Earlier the Super Trends’ lines have formed “bearish cross”. The short-term target is the 0/8 level, the market may reach it within the next several days.



The lines at the H1 and the H4 charts are completely the same. Canadian Dollar has broken the Super Trends’ line and now is trying to stay below it. Most likely, the price will continue falling down towards the 0/8 level.

EUR/GBP

The lines at the H4 chart have finally been redrawn. The pair is moving below the Super Trend’s line. Now the main task for the bears is to break the 6/8 level, and if they do, the price will continue falling down towards the 4/8 one.



At the H1 chart the market is trying to enter an “oversold zone”. The bears couldn’t stay below the 0/8 level so far. We can expect a slight correction, but after it the price may break the -2/8 level and the lines at the chart will be redrawn.

AUD/USD

It looks like the price is forming a classic continuation pattern, “triangle”, below the Super Trends’ lines. There is a possibility that the market may break the local maximum and the 4/8 level within the next several days. If the pair is able to stay below these levels, the price will continue falling down towards the 0/8 one.



At the H1 chart the Super Trends’ lines have formed “bearish cross”, and the price has rebounded from the H4 Super Trend several times already. Most likely, in the nearest future the descending trend will continue.