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.
09.05.2019
Murrey Math Lines 09.05.2019 (USDCHF, GOLD)
As we can see in the H4 chart, USDCHF is trading upwards and may continue this movement towards the resistance at the 8/8 level.
08.05.2019
Murrey Math Lines 08.05.2019 (USDJPY, USDCAD)
In the H4 chart, USDCAD is extremely volatile, that’s why it is breaking the borders of its consolidation range over and over again.
07.05.2019
Murrey Math Lines 07.05.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, yesterday AUDUSD rebounded from the support at the 0/8 level, which means that investors are ready to buy the Aussie.
06.05.2019
Murrey Math Lines 06.05.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is still trading inside the “oversold zone”.
03.05.2019
Murrey Math Lines 03.05.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is still trading inside the “oversold zone”.
02.05.2019
Murrey Math Lines 02.05.2019 (USDCHF, GOLD)
As we can see in the H4 chart, USDCHF has broken the 7/8 level and fixed below it.
01.05.2019
Murrey Math Lines 01.05.2019 (USDJPY, USDCAD)
In the H4 chart, USDJPY may break the 5/8 level and then continue falling towards the support at the 3/8 one.
30.04.2019
Murrey Math Lines 30.04.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, AUDUSD has tested the 3/8 level, rebounded from it, and may resume falling towards the support at the 0/8 one.