Murray Math Lines 20.04.2012 (NZD/JPY, EUR/GBP, AUD/USD)

Analysis for April 20^th, 2012

NZD/JPY

After rebounding from the 0/8 level, the NZD/JPY currency pair is moving above the H4 Super Trend’s line. Most likely, in the nearest future the price will grow up towards the 4/8 level. The daily Super Trend is a bit above this level, and it will be a serious problem for the bears.



At the H1 chart the pair is moving between the Super Trends’ lines. If the market is able to stay above the 5/8 level, the price will continue growing up towards the 8/8 one, where I placed Take Profit on buy order.

EUR/GBP

After making a significant descending movement several days ago, the market is consolidating again. The correction is supported by the H4 Super Trend’s line. The price may continue moving towards the 4/8 level.



At the H1 chart the pair is trying to enter an “oversold zone”, the bears haven’t been able to break the 0/8 level yet. Most likely, in the nearest future the market will start falling down again. If the price breaks the -2/8 level, the lines at the chart will be redrawn.

AUD/USD

It looks like the price has formed “triangle” pattern below the Super Trends’ lines. Yesterday the price broke the pattern’s lower border. If the bears break the 4/8 level and stay below it, the price will continue falling down towards the 0/8 one.



At the H1 chart the pair is moving below the 3/8 level, the bears are supported by the H1 Super Trend’s line. Most likely, the price will continue moving downwards in the nearest future. Taking into consideration the targets on major time frames, we should expect the pair to break the 0/8 level.