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    Forex Murray math lines

    Analysis for January 18th, 2013

    CAD/JPY

    The market is consolidating a bit above the 6/8 level; the bulls are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may continue moving upwards in the nearest future. The main target is at the 8/8 level.



    At the H1 chart the bulls have to keep the price above the 5/8 level. There is a possibility that the pair may yet try to test the 4/8 level. If the pair rebounds from it, the price will start a new ascending movement towards the 8/8 one.



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    Murrey Math Lines 16.04.2018 (EURUSD, GBPUSD)



    In the H4 chart, EURUSD is consolidating at the 4/8 level. If the price breaks this level to the downside, it may continue falling towards the support at the 0/8 one.

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    Murrey Math Lines 17.04.2018 (AUDUSD, NZDUSD)



    In the H4 chart, AUDUSD may break the 7/8 level and then continue falling towards the support at the 5/8 one.

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    Murrey Math Lines 18.04.2018 (USDJPY, USDCAD)



    In the H4 chart, USDJPY is trading inside the “overbought zone” above the 8/8 level. If the price breaks the +1/8 level, the instrument may continue falling towards the 8/8 one.

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    Murrey Math Lines 19.04.2018 (USDCHF, GOLD)



    In the H4 chart, USDCHF may break the 7/8 level and then continue growing to reach the resistance at the 8/8 one.

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    Murrey Math Lines 20.04.2018 (EURUSD, GBPUSD)



    In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 5/8 level, rebound from it, and then resume falling towards the 3/8 one.

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    Murrey Math Lines 23.04.2018 (EURUSD, GBPUSD)



    In the H1 chart, the pair has broken the 3/8 level and is no longer consolidating. Later, the price is expected to continue moving downwards to reach the support at the 0/8 one.

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    Murrey Math Lines 24.04.2018 (AUDUSD, NZDUSD)



    In the H4 chart, AUDUSD is expected to test the resistance at the 5/8 level, rebound from it, and then resume falling towards the support at the 4/8 one.

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    Murrey Math Lines 25.04.2018 (USDJPY, USDCAD)



    In the H4 chart, USDJPY is expected to continue growing and break the resistance at the 8/8 level. In this case, the target will be at the +1/8 one.

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    Murrey Math Lines 26.04.2018 (USDCHF, GOLD)



    In the H4 chart, USDCHF is trading inside the “overbought zone” above the 8/8 level. In this case, the price may rebound from the +1/8 level and then resume falling to reach the 8/8 one.

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