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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 30.04.2015 (EUR/USD, GBP/JPY)



    Eurodollar is still moving upwards quite fast. The price has already broken the 7/8 level and stayed above it, which means that the market may continue growing. If the pair breaks the 8/8 level, it may continue moving upwards inside “overbought zone”.

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    Murrey Math Lines 04.05.2015 (EUR/USD, EUR/JPY)



    The pair is still moving in the middle of the chart; bulls are supported by supported by Super Trends. Possibly, in the nearest future the price may test the 5/8 level; if it breaks this level, the market will continue growing.

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    Murrey Math Lines 05.05.2015 (EUR/USD, USD/CAD)



    Eurodollar is still being corrected between Super Trends. If the pair rebounds from the 3/8 level, the uptrend may continue. If later the price is able to stay above the 5/8 level, the next target for buyers will be at the 8/8 one.

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    Murrey Math Lines 06.05.2015 (EUR/USD, EUR/JPY)



    Eurodollar is still moving in the middle of the chart. The pair has rebounded from the 3/8 level, which means that the uptrend may resume. If later the price is able to stay above the 5/8 level, the next target for buyers will be at the 8/8 one.

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    Murrey Math Lines 07.05.2015 (EUR/USD, AUD/USD)



    Yesterday, Eurodollar broke its local high and right now is testing the 5/8 level. If the price breaks this level, it may continue growing. I’m holding four buy orders with the stop loss below the 4/8 level.

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    Murrey Math Lines 08.05.2015 (EUR/USD, USD/JPY)



    Eurodollar has started a new correction and right now is moving between Super Trends. Probably, in the nearest future the pair may test the 3/8 level. If the price rebounds from this level, it may resume moving upwards.

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    Murrey Math Lines 11.05.2015 (EUR/USD, EUR/GBP)



    Eurodollar is still being corrected between Super Trends. Possibly, the pair may test the daily Super Trends and 3/8 level during Monday. If the price rebounds from these levels, it may resume moving upwards.

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    Murrey Math Lines 12.05.2015 (EUR/USD, EUR/JPY)



    Eurodollar is still moving between Super Trends. Possibly, the pair may test the 3/8 level during Tuesday. If the price breaks this level, the current correction may continue towards the 2/8 one.

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    Murrey Math Lines 13.05.2015 (EUR/USD, GBP/JPY)



    Eurodollar is moving above Super Trends, so one may go back to buying. The closest target is at the 6/8 level: if the price breaks this level, it will continue moving upwards. I’m planning to move the stop loss to breakeven when the pair breaks its local high.

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    Murrey Math Lines 14.05.2015 (EUR/USD, GBP/JPY)



    Eurodollar has broken its maximum and I’ve moved the stop loss on my buy order under the local minimum. The closest target is at the 7/8 level, However, if the price isn’t able to stay above the 5/8 level, a possible ascending movement may be doubtful.

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