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  1. #1
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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 16.06.2017 (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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    Murrey Math Lines 19.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair is still consolidating. Possibly, the price may test the 8/8 level on Monday. If the pair rebounds from this level, the market may continue the current descending correction towards the 6/8 one.

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    Murrey Math Lines 20.06.2017 (EUR/USD, GBP/JPY)



    It looks like after rebounding from the +1/8 level, the EUR/USD pair started forming the descending correction. The price is already moving below the 7/8 level, which means that it may continue falling towards the 5/8 one.

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    Murrey Math Lines 21.06.2017 (EUR/USD, GBP/JPY)



    Super Trends formed “bearish cross”, which means that the price may continue falling. Earlier, the EUR/USD pair rebounded from the +1/8 level. The closest target is at the 5/8 level. After reaching it, the market may start a new correction.

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    Murrey Math Lines 22.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair is testing the daily Super Trend and the 7/8 level again. If the price rebounds from these levels, it may resume moving downwards. The closest target is at the 6/8 level. After breaking it, the market may continue falling.

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    Murrey Math Lines 27.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair rebounded from the 7/8 level, which means that it may resume falling. Earlier, Super Trends formed “bearish cross”. again. As a result, in the nearest future the price may continue moving downwards to reach the 6/8 level. After breaking it, the market may fall much deeper.

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    Murrey Math Lines 26.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair is consolidating above the 8/8 level between Super Trends. On Monday, the price may test the 8/8 level. If the pair rebounds from this level, the market may start a new descending correction towards the 6/8 one.

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    Murrey Math Lines 27.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair rebounded from Super Trends and broke the 8/8 level. In the nearest future, the price may continue growing towards the +1/8 level. If later the pair breaks this level, the current growth may continue up to the +2/8 one.

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    Murrey Math Lines 28.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair broke the 4/8 level pretty fast and, as a result, started growing significantly. The closest target is at the 6/8 level. If later the pair rebounds from this level, the market may start a new descending correction.

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    Murrey Math Lines 29.06.2017 (EUR/USD, GBP/JPY)



    The EUR/USD pair broke the 4/8 level pretty fast and is still growing quickly. The closest target is at the 8/8 level. If later the pair rebounds from this level, the market may start a new descending correction.

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