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.
Both USDJPY and USDCAD are trading inside their respective “overbought areas” and may soon start new corrections.
Both AUDUSD and NZDUSD are expected to correct.
Both EURUSD and GBPUSD are moving inside their respective “oversold areas”.
Brent may re-test 4/8, while the S&P 500 index has reached the “oversold area”.
XAUUSD remains under pressure, while USDCHF is expected to grow and reach 8/8.
USDJPY may correct down to 6/8, while USDCAD is heading towards 7/8.
Both AUDUSD and NZDUSD may drop to 0/8.
EURUSD is returning to 2/8, while GBPUSD may continue moving downwards.