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.
21.05.2019
Murrey Math Lines 21.05.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, AUDUSD is trading below the 3/8 level and may continue falling to reach the support at the 0/8 one.
20.05.2019
Murrey Math Lines 20.05.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, GBPUSD has almost reached the target at the 0/8 level, which we discussed last Friday.
17.05.2019
Murrey Math Lines 17.05.2019 (EURUSD, GBPUSD)
Recently, the USD has been growing against all major currencies and only EURUSD can’t decide on where to move.
16.05.2019
Murrey Math Lines 16.05.2019 (USDCHF, GOLD)
In the H4 chart, USDCHF is expected to break the 5/8 level and then continue falling towards the support at the 3/8 one.
15.05.2019
Murrey Math Lines 15.05.2019 (USDJPY, USDCAD)
In the H4 chart, USDJPY has been trading downwards for almost two weeks without any significant corrections.
14.05.2019
Murrey Math Lines 14.05.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, AUDUSD is trading inside the “oversold zone”.
13.05.2019
Murrey Math Lines 13.05.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is trying to leave the “oversold zone” for the third time, which may indicate a possible tendency to the upside.
10.05.2019
Murrey Math Lines 10.05.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is still trading inside the “oversold zone”.