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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 20.08.2019 (AUDUSD, NZDUSD)



    AUDUSD, “Australian Dollar vs US Dollar”

    As we can see in the H4 chart, AUDUSD is moving at 3/8. In this case, the pair may break this level and then continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8. After that, the instrument may continue falling to reach the support at 0/8.

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    Murrey Math Lines 21.08.2019 (USDJPY, USDCAD)



    USDJPY, “US Dollar vs. Japanese Yen”

    As we can see in the H4 chart, USDJPY is no longer moving inside the “oversold area”; right now, it is trading above 0/8. In this case, the price may continue growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8. After that, the instrument may start a new decline towards the support at -1/8.

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