Murray Math Lines 09.04.2012 (EUR/GBP, AUD/JPY, NZD/USD)

Analysis for April 9^th, 2012

EUR/GBP

The EUR/GBP currency pair is moving inside an “oversold zone” and trying to break the -1/8 level. Most likely, the price will continue falling down after Easter holidays in Europe are finished. During this week we can expect the pair to break the -2/8 level and the lines at the chart will be redrawn.



At the H1 chart the price fixed itself below the 3/8 level and at the moment is moving near the 2/8 one. The bears are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may reach the target level, the 0/8 one, within the next several days.

AUD/JPY

The AUD/JPY currency pair fixed itself below the 4/8 level and is currently testing the 3/8 one. If the price breaks this level, it will continue falling down towards the 0/8 one. The stop on my sell order has been moved into the black.



The lines at the H1 and the H4 charts are completely the same. The bears are supported by the Super Trends’ lines. There is a possibility that the price may break the 3/8 level of Tuesday, and the sellers may reach the 0/8 one by the end of the week.

NZD/USD

New Zealand Dollar continues moving inside a very narrow range, which is limited by the weekly and daily Super Trends. Last week the price rebounded from the daily Super Trend’s line once again, and now the future scenario depends on how the price will move near the weekly one. The forecast of the price movement is still bearish.



At the H1 chart the correction faced the resistance from the 5/8 level. The market is moving near the H4 Super Trend’s line. We can expect the price to start moving downwards again after Easter holidays in Europe are finished.