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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 16.04.2019 (AUDUSD, NZDUSD)



    As we can see in the H4 chart, AUDUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.

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    Murrey Math Lines 17.04.2019 (USDJPY, USDCAD)



    As we can see in the H4 chart, USDJPY has failed to break the resistance at the 7/8 level and may resume falling towards the support at the 5/8 one.

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    Murrey Math Lines 18.04.2019 (USDCHF, GOLD)



    In the H4 chart, USDCHF may rebound from the 7/8 level and resume falling towards the support at the 5/8 one.

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    Murrey Math Lines 19.04.2019 (EURUSD, GBPUSD)



    As we can see in the H4 chart, EURUSD has rebounded from the support at the 0/8 level. In this case, the price is expected to resume growing to reach the resistance at the 2/8 level.

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    Murrey Math Lines 22.04.2019 (EURUSD, GBPUSD)



    As we can see in the H4 chart, the market situation hasn’t changed much since last Friday. EURUSD is still expected to grow to reach the resistance at the 2/8 level.

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    Murrey Math Lines 23.04.2019 (AUDUSD, NZDUSD)



    In the H4 chart, AUDUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 7/8 one.

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    Murrey Math Lines 24.04.2019 (USDJPY, USDCAD)



    In the H4 chart, USDJPY is still trading below the 7/8 level and may continue falling towards the support at the 5/8 one.

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    Murrey Math Lines 25.04.2019 (USDCHF, GOLD)



    As we can see in the H4 chart, USDCHF is trading upwards and may continue the uptrend to reach the resistance at the 8/8 level.

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    Murrey Math Lines 26.04.2019 (EURUSD, GBPUSD)



    As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, the price may break the -1/8 level and continue its growth to reach the resistance at the 0/8 one.

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    Murrey Math Lines 29.04.2019 (EURUSD, GBPUSD)



    As we can see in the H4 chart, EURUSD is still trading inside the “oversold zone”. In this case, the price may break the -1/8 level and continue its growth to reach the resistance at the 0/8 one.

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