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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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    Murray Math Lines 11.02.2013 (NZD/USD, AUD/JPY, USD/CHF)



    The 4/8 level is a very strong support level; the price rebounded from it many times and then always started moving upwards. We can’t exclude a possibility that it may happen again this time. The target for the bulls is still at the 8/8 level.

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    Murray Math Lines 12.02.2013 (NZD/USD, AUD/JPY, EUR/GBP)



    The pair rebounded from the 4/8 level again and right now is moving above the Super Trends’ lines. If the bulls are able to keep the price above the 5/8 level, the pair will continue growing up. The target for the buyers is at the 8/8 level.

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    Murray Math Lines 13.02.2013 (NZD/USD, AUD/JPY, EUR/GBP)



    After rebounding from the 4/8 level the pair started moving upwards; the Super Trends’ lines moved into the “green zone”. Most likely, in the nearest future the price will continue growing up towards the 8/8 level.

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    Murray Math Lines 14.02.2013 (NZD/USD, AUD/JPY, EUR/GBP)



    New Zealand Dollar continues moving upwards; yesterday the bulls broke a local maximum. At the moment the market is being corrected and I opened one more buy order. The target is still at the 8/8 level.

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    Murray Math Lines 15.02.2013 (NZD/USD, AUD/JPY, EUR/JPY)



    New Zealand Dollar is moving in the middle of the chart. We can’t exclude a possibility that the bulls may break the 4/8 level and continue pushing the price towards new maximums. 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 18.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)



    After rebounding from the daily Super Trend’s line, the pair started a new ascending movement. 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 level.

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    Murray Math Lines 19.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)



    Canadian Dollar continues moving upwards; the bulls are supported by the Super Trends’ lines. Yesterday the market broke a local maximum and now is trying to keep the price above it. The main target is still at the 8/8 level.

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    Murray Math Lines 20.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)



    Canadian Dollar continues moving upwards; the price rebounded from the 6/8 level and started a local correction. Most likely, the price will be supported by the Super Trend’s line and start a new ascending movement towards the 8/8 level.

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    Murray Math Lines 21.02.2013 (USD/CAD, GBP/CHF, AUD/JPY)



    Canadian Dollar continues moving upwards; the bulls are supported by the Super Trends’ lines. Most likely, the price will continue growing up during Thursday and the buyers will reach their main target at the 8/8 level.

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    Murray Math Lines 22.02.2013 (USD/CAD, GBP/CHF, AUD/JPY)



    Canadian Dollar is still being corrected, but the bulls are trying to start a new ascending movement. They are supported by the H4 Super Trend’s line. The main target is still at the 8/8 level.

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