Murray Math Lines 27.04.2012 (USD/CAD, AUD/JPY, GBP/JPY)

Analysis for April 27^th, 2012

USD/CAD

The market is less than 100 pips away from the target level, the 0/8 one. The pair wasn’t able to stay above the Super Trend’s line, that’s why in the nearest future the market will continue moving downwards. The price may reach a new local minimum within the next several days.



The lines at the H1 and the H4 charts are completely the same. The bulls haven’t been able to stay above the Super Trend’s line for a long time. The target for the bears is the 0/8 level, where Take Profit on sell order is placed.

AUD/JPY

The AUD/JPY currency pair has been consolidating for several week already, the price rebounded from the 4/8 level many times. Most likely, the market will continue moving downwards in the nearest future. The pair may reach the 0/8 level within the next several days.



At the H1 chart the pair rebounded from the 8/8 level once again. Taking into consideration the fact that the market is moving below the Super Trends’ lines and the 6/8 level, we can expect the price to start falling down towards the 0/8 level in the nearest future.

GBP/JPY

The GBP/JPY currency par has been consolidating between the 5/8 and 3/8 levels over the last couple of days. It looks like the price is going to rebound from the 3/8 level and start moving downwards. The target for the bears is at the 8/8 level.



The correction is facing the resistance from the 6/8 level, the price has already rebounded from this level several times. We can’t exclude a possibility that the pair may continue growing up in the nearest future. If the price breaks the -2/8 level, the lines at the chart will be redrawn.