Murray Math Lines 01.04.2013 (NZD/USD, EUR/GBP, EUR/JPY)

Analysis for April 1^st, 2013

NZD/USD

New Zealand Dollar is still consolidating; the bulls are supported by the H4 Super Trend’s line. We can’t exclude a possibility that in the nearest future the pair may start moving upwards again. The target is at the 6/8 level.



At the H1 chart the pair is between the Super Trends’ lines. The price is already moving above the 5/8 level, which means that the target for the buyers is at the 8/8 one. If the market breaks the H1 Super Trend’s line, the pair will continue moving towards the above-mentioned level.

EUR/GBP

The EUR/GBP currency pair continues falling down. Last Friday the bears rebounded from the H4 Super Trend’s line and reached a new local minimum. Most likely the price will reach the 0/8 level within the next several days.



The pair is moving in the middle of the H1 chart. If the market rebounds from the Super Trends’ lines and keeps the price below the 3/8 level, the pair will start a new descending movement. The target is at the 0/8 level.

EUR/JPY

The bears continue pushing the market downwards. Despite a day off in Europe, the price has already been able to reach a new minimum this morning. The target is still at the 0/8 level.



The lines at the H4 and the H1 charts are completely the same. Most likely, the pair will be corrected in the nearest future, but later we can expect it to continue falling down. Later, the 0/8 level may become a starting point of a reverse.



 
RoboForex Analytical Department