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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 11.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)



    The pair rebounded from the 8/8 level several times; during a local correction I opened a new buy order. Most likely, in the nearest future, the price will continue moving upwards inside an “overbought zone”. The target for the next several hours is +2/8.

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    Murray Math Lines 12.03.2013 (USD/CAD, AUD/USD, EUR/JPY)



    Canadian Dollar is still consolidating; the bulls are supported by the 8/8 level. If the price rebounds from this level, the pair will start growing up again. After the market breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 13.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)



    Canadian Dollar is still consolidating; the bears are supported by the 8/8 level. If the market rebounds from this level, the pair will start a new ascending movement. After the price breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 14.03.2013 (NZD/USD, EUR/JPY, SILVER)



    Yesterday New Zealand Dollar started a new descending movement and broke the Super Trend’s line. The price is already moving below the 3/8 level, which means that the pair may continue falling down. The short-term target is at the 0/8 level.

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    Murray Math Lines 15.03.2013 (AUD/USD, EUR/JPY, SILVER)



    The pair rebounded from the Super Trends’ lines, which earlier formed “bullish cross”. During a local correction I opened a short-term buy order. The price is already moving above the 5/8 level, so we can expect it to continue growing up towards the 8/8 one.

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    Murray Math Lines 18.03.2013 (USD/CAD, NZD/USD, GBP/CHF)



    Canadian Dollar is moving above the Super Trends’ lines again. We can’t exclude a possibility that the bulls may break the 8/8 level and enter an “overbought zone” during the next several hours. In this case, the market will continue growing up towards the +2/8 level.

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    Murray Math Lines 19.03.2013 (USD/CAD, NZD/USD, EUR/GBP)



    Canadian Dollar is trying to start a new ascending movement. We can’t exclude a possibility that during the next several hours the bulls may break the 8/8 level and enter an “overbought zone”. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 20.03.2013 (USD/CAD, NZD/USD, EUR/JPY)



    Yesterday Canadian Dollar did enter an “overbought zone” and right now the market is trying to keep the price above the 8/8 level. The bulls are supported by the Super Trends’ lines. In the near term, the pair is expected to continue growing up. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.

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    Murray Math Lines 21.03.2013 (USD/CAD, NZD/USD, EUR/GBP)



    The market is slowly moving inside an “overbought zone”; the price returned to the 8/8 level. Earlier the Super Trends’ lines formed “bullish cross”. If the market rebounds from the current levels, the price will start a new ascending movement and break a local maximum.

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    Murray Math Lines 22.03.2013 (USD/CAD, GBP/CHF, EUR/JPY)



    Canadian Dollar is still consolidating. We can’t exclude a possibility that the price movement may take the form of a classic continuation pattern, “triangle”. Earlier the Super Trends’ lines formed “bullish cross”. Most likely, in the nearest future the pair will break the +2/8 level and the lines at the chart will be redrawn.

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