Forex Murray math lines - Page 156
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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 03.09.2019 (AUDUSD, NZDUSD)



    AUDUSD, “Australian Dollar vs US Dollar”

    In the H4 chart, AUDUSD is moving below 3/8. In this case, the pair may continue falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue growing to reach the resistance at 5/8.

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    Murrey Math Lines 04.09.2019 (USDJPY, USDCAD)



    USDJPY, “US Dollar vs. Japanese Yen”

    As we can see in the H4 chart, USDJPY is still consolidating. In this case, the price may continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may start a new decline towards the support at 1/8.

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    Murrey Math Lines 05.09.2019 (USDCHF, GOLD)



    USDCHF, “US Dollar vs Swiss Franc”

    As we can see in the H4 chart, USDCHF is moving above 1/8. In this case, the pair may continue growing towards the resistance at 3/8. However, as long as the price is trading below 1/8, the instrument is expected to continue falling towards 0/8.

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    Murrey Math Lines 06.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    As we can see in the H4 chart, yesterday EURUSD rebounded from the resistance at 3/8. In this case, the price is expected to continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

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    Murrey Math Lines 09.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    As we can see in the H4 chart, EURUSD is trading at 1/8. In this case, the price is expected to break this level and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

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    Murrey Math Lines 10.09.2019 (AUDUSD, NZDUSD)



    AUDUSD, “Australian Dollar vs US Dollar”

    In the H4 chart, AUDUSD is consolidating. In this case, the pair may test 4/8, rebound from it, and then resume growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 4/8. After that, the instrument may continue falling to reach the support at 3/8.

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    Murrey Math Lines 11.09.2019 (USDJPY, USDCAD)



    USDJPY, “US Dollar vs. Japanese Yen”

    In the H4 chart, USDJPY is moving above 5/8. In this case, the price may break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may start a new decline towards the support at 3/8.

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    Murrey Math Lines 12.09.2019 (USDCHF, GOLD)



    USDCHF, “US Dollar vs Swiss Franc”

    In the H4 chart, USDCHF is expected to test the resistance at 3/8, rebound from it, and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 4/8.

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    Murrey Math Lines 13.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    In the H4 chart, EURUSD is trading at 3/8. In this case, the price is expected to break this level and then continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

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    Murrey Math Lines 16.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    As we can see in the H4 chart, EURUSD has tested 3/8. In this case, the price is expected to resume falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.

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