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.
24.10.2019
Murrey Math Lines 24.10.2019 (USDCHF, GOLD)
USDCHF is about to reach the resistance at 5/8; in case of XAUUSD, bulls are intending to break 4/8.
23.10.2019
Murrey Math Lines 23.10.2019 (USDJPY, USDCAD)
USDJPY may yet continue trading to reach the resistance at 8/8, while USDCAD is moving inside the “oversold area”.
22.10.2019
Murrey Math Lines 22.10.2019 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD have reached the “overbought area”.
21.10.2019
Murrey Math Lines 21.10.2019 (EURUSD, GBPUSD)
EURUSD may stop its growth at 7/8; in case of GBPUSD, the second attempt to break 3/8 was unsuccessful.
18.10.2019
Murrey Math Lines 18.10.2019 (EURUSD, GBPUSD)
EURUSD has reached the “overbought area”, while GBPUSD may fall towards the support at 3/8.
17.10.2019
Murrey Math Lines 17.10.2019 (USDCHF, GOLD)
USDCHF is completing its ascending tendency, while XAUUSD may fall to reach 1/8.
16.10.2019
Murrey Math Lines 16.10.2019 (USDJPY, USDCAD)
USDJPY continues trading upwards to reach the resistance at 8/8, while USDCAD may correct towards the resistance at 3/8.
15.10.2019
Murrey Math Lines 15.10.2019 (AUDUSD, NZDUSD)
AUDUSD may fall towards 3/8; in case of NZDUSD, bears may try to break 7/8 today.