Forex Murray math lines

# Thread: Forex Murray math lines

1. ## Forex Murray math lines

Analysis for January 18th, 2013

The market is consolidating a bit above the 6/8 level; the bulls are supported by the Super Trendsâ€™ lines. We canâ€™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.

2. Analysis for January 22nd, 2013

NZD/USD

New Zealand Dollar is trying to start a new ascending movement; the price is already moving above the H4 Super Trendâ€™s line. We canâ€™t exclude a possibility that the pair may break a local maximum within the next several days. The target for the bulls is at the 8/8 level.

At the H1 chart we can see that the buyers are going to break the 4/8 level; the Super Trendsâ€™ line have already formed â€œbullish crossâ€. Later, 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.

3. ## Murray Math Lines 24.01.2013 (NZD/USD, EUR/GBP, GBP/CHF)

New Zealand Dollar started a new correction. There is a possibility that the bulls may be supported by the H4 Super Trendâ€™s line. If the pair rebounds from the line, the price will start a new ascending movement. The main target is still at the 8/8 level.

4. ## Murray Math Lines 25.01.2013 (AUD/USD, AUD/JPY, EUR/GBP)

At the H4 chart we can see that the market was able to keep the price below the 3/8 level and the daily Super Trendâ€™s line. We canâ€™t exclude a possibility that the price may start a new descending movement during the day. The target for the bears is at the 0/8 level.

5. ## Murray Math Lines 28.01.2013 (AUD/USD, USD/CAD, GBP/JPY)

Australian Dollar continues moving downwards steadily; the Super Trendsâ€™ lines formed â€œbearish crossâ€. After completing a local correction, the market may start a new descending movement. The target is at the 0/8 level.

6. ## Murray Math Lines 30.01.2013 (NZD/USD, CAD/CHF, EUR/JPY)

New Zealand Dollar rebounded from the 4/8 level and the daily Super Trendâ€™s line. Right now 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 one.

7. ## Murray Math Lines 31.01.2013 (GBP/CHF, CAD/JPY, EUR/JPY)

The GBP/CHF currency pair is still moving downwards; the bears are supported by the Super Trendsâ€™ lines. The price is already moving below the 3/8 level, so we can expect it to continue falling down towards the 0/8 one.

8. ## Murray Math Lines 01.02.2013 (GBP/CHF, CAD/JPY, USD/JPY)

Currently a local correction is taking place, which is supported by the H4 Super Trendâ€™s line. Most likely, the price will start moving downwards again in the nearest future. The main target for the bears is the 0/8 level.

9. ## Murray Math Lines 05.02.2013 (GBP/CHF, AUD/JPY, USD/CAD)

The GBP/CHF currency pair is still being corrected; the bears are supported by the H4 Super Trendâ€™s line. Most likely, in the nearest future the price will break a local minimum and reach the 0/8 level.

10. ## Murray Math Lines 06.02.2013 (EUR/GBP, AUD/JPY, USD/CAD)

Yesterday the EUR/GBP currency pair started growing up again; the H4 Super Trendâ€™s line is a support level. Most likely, the price will rebound from the line and continue moving upwards to reach the 8/8 level.