Forex Murray math lines - Page 157
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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 17.09.2019 (AUDUSD, NZDUSD)



    AUDUSD, “Australian Dollar vs US Dollar”

    In the H4 chart, AUDUSD is moving inside the “overbought area”. In this case, the pair may break 8/8 and then continue falling towards the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8. After that, the instrument may continue growing to reach the resistance at +2/8.

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    Murrey Math Lines 18.09.2019 (USDJPY, USDCAD)



    USDJPY, “US Dollar vs. Japanese Yen”

    In the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8. After that, the instrument may start a new decline towards the support at 5/8.

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    Murrey Math Lines 19.09.2019 (USDCHF, GOLD)



    USDCHF, “US Dollar vs Swiss Franc”

    In the H4 chart, USDCHF is consolidating. In this case, the price is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

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    Murrey Math Lines 20.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

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

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    Murrey Math Lines 23.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    In the H4 chart, EURUSD is expected to test the support at 0/8, rebound from it, and then resume growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -2/8.

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    Murrey Math Lines 24.09.2019 (AUDUSD, NZDUSD)



    AUDUSD, “Australian Dollar vs US Dollar”

    In the H4 chart, AUDUSD is still moving towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may continue growing to reach the resistance at 7/8.

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    Murrey Math Lines 25.09.2019 (USDJPY, USDCAD)



    USDJPY, “US Dollar vs. Japanese Yen”

    As we can see in the H4 chart, USDJPY has rebounded from the support at 5/8. In this case, the price is expected to resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may start a new decline towards the support at 3/8.

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    Murrey Math Lines 26.09.2019 (USDCHF, GOLD)



    USDCHF, “US Dollar vs Swiss Franc”

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

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    Murrey Math Lines 27.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    In the H4 chart, EURUSD moving downwards close to 3/8. In this case, the price is expected to continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

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    Murrey Math Lines 30.09.2019 (EURUSD, GBPUSD)



    EURUSD, “Euro vs. US Dollar”

    As we can see in the H4 chart, EURUSD is still moving downwards close to 3/8. In this case, the price is expected to break this level and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

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