Forex Murray math lines
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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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    Analysis for January 22nd, 2013

    NZD/USD

    New Zealand Dollar is trying to start a new ascending movement; the price is already moving above the H4 Super Trend’s line. We can’t exclude a possibility that the pair may break a local maximum within the next several days. The target for the bulls is at the 8/8 level.



    At the H1 chart we can see that the buyers are going to break the 4/8 level; the Super Trends’ line have already formed “bullish cross”. Later, if the market is able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.



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    Murray Math Lines 24.01.2013 (NZD/USD, EUR/GBP, GBP/CHF)

    New Zealand Dollar started a new correction. There is a possibility that the bulls may be supported by the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement. The main target is still at the 8/8 level.



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    Murray Math Lines 25.01.2013 (AUD/USD, AUD/JPY, EUR/GBP)

    At the H4 chart we can see that the market was able to keep the price below the 3/8 level and the daily Super Trend’s line. We can’t exclude a possibility that the price may start a new descending movement during the day. The target for the bears is at the 0/8 level.



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    Murray Math Lines 28.01.2013 (AUD/USD, USD/CAD, GBP/JPY)

    Australian Dollar continues moving downwards steadily; the Super Trends’ lines formed “bearish cross”. After completing a local correction, the market may start a new descending movement. The target is at the 0/8 level.



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    Murray Math Lines 30.01.2013 (NZD/USD, CAD/CHF, EUR/JPY)

    New Zealand Dollar rebounded from the 4/8 level and the daily Super Trend’s line. Right now the bulls are trying to keep the price above the 5/8 level. If they succeed, the pair will continue growing up towards the 8/8 one.



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    Murray Math Lines 31.01.2013 (GBP/CHF, CAD/JPY, EUR/JPY)

    The GBP/CHF currency pair is still moving downwards; the bears are supported by the Super Trends’ lines. The price is already moving below the 3/8 level, so we can expect it to continue falling down towards the 0/8 one.



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    Murray Math Lines 01.02.2013 (GBP/CHF, CAD/JPY, USD/JPY)

    Currently a local correction is taking place, which is supported by the H4 Super Trend’s line. Most likely, the price will start moving downwards again in the nearest future. The main target for the bears is the 0/8 level.



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    Murray Math Lines 05.02.2013 (GBP/CHF, AUD/JPY, USD/CAD)



    The GBP/CHF currency pair is still being corrected; the bears are supported by the H4 Super Trend’s line. Most likely, in the nearest future the price will break a local minimum and reach the 0/8 level.

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    Murray Math Lines 06.02.2013 (EUR/GBP, AUD/JPY, USD/CAD)



    Yesterday the EUR/GBP currency pair started growing up again; the H4 Super Trend’s line is a support level. Most likely, the price will rebound from the line and continue moving upwards to reach the 8/8 level.

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