Murrey math lines and forecasts
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.
05.11.2019
Murrey Math Lines 05.11.2019 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are still moving inside the “overbought area”.
04.11.2019
Murrey Math Lines 04.11.2019 (EURUSD, GBPUSD)
EURUSD may fall towards the support at 5/8, while GBPUSD is still growing to reach the target at 8/8.
01.11.2019
Murrey Math Lines 01.11.2019 (EURUSD, GBPUSD)
EURUSD may continue falling towards the support at 5/8, while GBPUSD is still growing to reach the target at 8/8.
31.10.2019
Murrey Math Lines 31.10.2019 (USDCHF, GOLD)
USDCHF continues consolidating, while XAUUSD may fall to reach 2/8.
30.10.2019
Murrey Math Lines 30.10.2019 (USDJPY, USDCAD)
USDJPY continues trading upwards to reach the resistance at 8/8, while USDCAD may complete the correction at 3/8.
29.10.2019
Murrey Math Lines 29.10.2019 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are still trading inside the “overbought area”.
28.10.2019
Murrey Math Lines 28.10.2019 (EURUSD, GBPUSD)
EURUSD continues falling towards 4/8; in case of GBPUSD, the price may yet continue growing and reach 7/8.
25.10.2019
Murrey Math Lines 25.10.2019 (EURUSD, GBPUSD)
Bears increase pressure on EURUSD; in case of GBPUSD, the growth may yet continue.