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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 06.12.2017 (USD/JPY, USD/CAD)



    As we can see at the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to fall towards the 3/8 level (111.71). Later, the instrument may break this level and then continue falling towards the 2/8 one (110.93).

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    Murrey Math Lines 07.12.2017 (USD/CHF, GOLD)



    At the H4 chart, the USD/CHF pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to test the 5/8 level (0.9918), rebound from it, and then resume falling towards the 3/8 one (0.9857).

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    Murrey Math Lines 08.12.2017 (EUR/USD, GBP/USD)



    At the H4 chart, the EUR/USD pair is expected to test the 4/8 level (1.1718), rebound from it, and then resume growing towards the 5/8 one (1.1779).

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    Murrey Math Lines 11.12.2017 (EUR/USD, GBP/USD)



    As we can see at the H4 chart, the EUR/USD pair is trading at the 5/8 level (1.1779). If later the price breaks this level to the upside, it may continue growing towards the resistance at the 8/8 one (1.1962).

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    Murrey Math Lines 12.12.2017 (AUD/USD, NZD/USD)



    As we can see at the H4 chart, the AUD/USD pair is consolidating and expected to grow towards the 4/8 level (0.7568).

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    Murrey Math Lines 13.12.2017 (USD/JPY, USD/CAD)



    As we can see at the H4 chart, the USD/JPY pair is trading near the 5/8 level (113.28). If the price fixes below this level, the instrument may continue falling towards the 3/8 one (111.71).

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    Murrey Math Lines 14.12.2017 (USD/CHF, GOLD)



    At the H4 chart, the USD/CHF pair is trading below the 3/8 level. Right now, the price is expected to continue falling towards its main target, which is the support at the 0/8 level.

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    Murrey Math Lines 15.12.2017 (EUR/USD, GBP/USD)



    At the H4 chart, the EUR/USD pair is trading close to the 5/8 level. The price is expected to rebound from it and then resume growing towards the resistance at the 8/8 one (1.1962).

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