One of the classic approaches to the currency market analysis, which is successfully applied to everyday investment processes. Murrey math lines can be used for understanding both short- and long-term outlooks. As a rule, a strategy that involves Murrey math lines includes other types of technical analysis.
Brent quotes have reached the overbought area, the S&P 500 index might return to the 3/8 level.
USDCHF is expected to continue rising, Gold quotes might start falling after a breakout of the support level.
USDJPY and USDCAD quotes could reach the 8/8 levels.
AUDUSD and NZDUSD could return to 0/8.
EURUSD is in the oversold area; GBPUSD could start falling after a breakout of the 2/8 level.
Brent correction might end at the 4/8 level, S&P 500 quotes are expected to go on falling.
USDCHF is expected to correct to 5/8, Gold quotes are aiming at 2/8.
USDJPY quotes might correct to 5/8, USDCAD quotes have reached the overbought area.