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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 25.02.2013 (USD/JPY, GBP/CHF, AUD/JPY)



    The USD/JPY currency pair is already moving inside an “overbought zone”. Earlier the price rebounded from the daily Super Trend’s line and the bulls started a new ascending movement. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 26.02.2013 (USD/CAD, USD/CHF, SILVER)



    Several Take Profits worked at the 8/8 level and it looks like the bulls are not going to stop there. We can’t exclude a possibility that the buyers may enter an “overbought zone” on Tuesday. The short –term target is at the +2/8 level.

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    Murray Math Lines 27.02.2013 (USD/CAD, USD/CHF, EUR/GBP)



    The market is trying to keep the price inside an “overbought zone”. We can’t exclude a possibility that the pair may try to test the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement towards the 8/8 level.

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    Murray Math Lines 28.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)



    Canadian Dollar started a more serious correction; the price is currently moving between the Super Trends’ lines. However, until the market is inside an ascending channel, the bulls have a good chance to start a new ascending movement. The target is at the +2/8 level.

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    Murray Math Lines 01.03.2013 (USD/CAD, EUR/GBP, SILVER)



    The market couldn’t keep the price below the H4 Super Trend’s line and the pair is moving inside an “overbought zone” again. The short-term target is at the +2/8 level. If the price breaks this level, the lines at the chart will be redrawn.

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    Murray Math Lines 04.03.2013 (USD/CAD, GBP/CHF, SILVER)



    Canadian Dollar continues moving upwards. At the daily chart we can see that the bulls broke the 4/8 level. If later they are 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 05.03.2013 (USD/CAD, USD/CHF, EUR/GBP)



    Canadian Dollar is still being corrected; at the H4 chart the price is testing the 8/8 level. If the market rebounds from this level, the pair will start a new ascending movement. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 06.03.2013 (USD/CHF, GBP/CHF, SILVER)



    Franc is still being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the current levels, the pair will continue growing up towards the 8/8 one.

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    Murray Math Lines 07.03.2013 (USD/CAD, GBP/CHF, EUR/JPY)



    Canadian Dollar rebounded from the 8/8 level, just as I expected; right now the price is still moving inside an “overbought zone”. Most likely, the pair will start growing up again. After the price breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 08.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)



    The pair rebounded twice from the 8/8 level and started moving upwards again; the bulls are supported by the H4 Super Trend’s line. Later, the price is expected to break the +2/8 level; in this case the lines at the chart will be redrawn.

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