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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 01.06.2017 (EUR/USD, GBP/JPY)



    After rebounding from the 3/8 level, the EUR/USD pair fixed above the 4/8 one, which means that it may continue moving upwards. Possibly, on Thursday the market may test the 5/8 level. If later the price rebounds from this level, the pair may start a new correction.

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    Murrey Math Lines 02.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair is still consolidating between the 8/8 level and the H4 Super Trend. In the nearest future, the market may grow towards the +1/8 level. If later the price rebounds from this level, the pair may start a new bearish correction.

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    Murrey Math Lines 05.06.2017 (EUR/USD, CHF/JPY)



    The EUR/USD pair is consolidating inside the “overbought zone”. In the nearest future, the market may test the 8/8 level and the H4 Super Trend. If the price rebounds from this level, the pair may resume moving upwards to reach the +2/8 one.

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    Murrey Math Lines 06.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair rebounded from the 8/8 level, which means that it may reach a new local high. If later the price rebounds from the +2/8 level, the pair may start a new bearish correction.

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    Murrey Math Lines 07.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair is still consolidating inside the “overbought zone” between the 8/8 and +1/8 levels. The H4 Super Trend is a support level. As a result, on Wednesday the price may break the local high and test the +2/8 level.

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    Murrey Math Lines 08.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair rebounded from the 8/8 level, which means that it may resume moving upwards. Moreover, the price fixed above the H4 Super Trend. As a result, on Thursday the market may break the local high and then test the +2/8 level.

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    Murrey Math Lines 12.06.2017 (EUR/USD, EUR/JPY)



    The EUR/USD pair is testing the 8/8 level again. If the price rebounds from it, the pair may resume falling towards the 6/8 level. If later this level is broken, the market may continue moving downwards to reach the 4/8 one.

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    Murrey Math Lines 13.06.2017 (EUR/USD, EUR/JPY)



    The EUR/USD pair is still moving between Super Trends. Yesterday, the price rebounded from the 8/8 level, which means that it may start a short-term decline. If the pair fixes below the 7/8 level, the market may continue moving downwards to reach the 6/8 one.

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    Murrey Math Lines 14.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair is still consolidating between Super Trends. The 8/8 level provide support. If the pair fixes below the 7/8 level in the nearest future, the market may continue moving downwards to reach the 6/8 one.

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    Murrey Math Lines 15.06.2017 (EUR/USD, GBP/JPY)



    After rebounding from the +1/8 level, the EUR/USD pair started plummeting. If the price fixes below the daily Super Trend, the market may continue moving downwards to reach the 5/8 level.

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