Murray Math Lines 24.09.2012 (NZD/USD, EUR/GBP, SILVER)

Analysis for September 24^th, 2012

NZD/USD

New Zealand Dollar is still being corrected, the bulls may be supported by the daily Super Trend’s line. If the price rebounds from the current levels, the pair will start moving upwards again. If the price breaks the +2/8 level, the lines at the chart will be redrawn.



At the H1 chart the market is again moving near the 5/8 level. If the price rebounds from this level once more, the pair will start growing up. Later, the bulls have to keep the price above the Super Trends’ lines.

EUR/GBP

Last week the pair left an “oversold zone”, the Super Trends’ lines formed “bearish cross”. If the market breaks the 4/8 level and keeps the price below it, the pair will continue falling down.



The lines at the H4 and the H1 charts are completely the same. The price movement is supported by the Super Trends’ lines. The forecast for the next several days remains bearish.

SILVER

Silver is still being corrected. If the price rebounds from the daily Super Trend’s line, the instrument will start moving upwards. After the price breaks the +2/8 level, the lines at the chart will be redrawn.



At the H1 chart Silver rebounded from the 6/8 level, started moving downwards, but was stopped at the 2/8 one. If the bulls break the Super Trends’ lines and keep the price above them, the market will continue growing up.