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.
17.04.2019
Murrey Math Lines 17.04.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY has failed to break the resistance at the 7/8 level and may resume falling towards the support at the 5/8 one.
16.04.2019
Murrey Math Lines 16.04.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, AUDUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.
15.04.2019
Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD)
In the H4 chart, EURUSD rebounded from the 3/8 level last Friday.
12.04.2019
Murrey Math Lines 12.04.2019 (EURUSD, GBPUSD)
In the H4 chart, EURUSD is expected to continue growing to reach the resistance at the 3/8 level.
11.04.2019
Murrey Math Lines 11.04.2019 (USDCHF, GOLD)
As we can see in the H4 chart, USDCHF is consolidating.
09.04.2019
Murrey Math Lines 09.04.2019 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.
08.04.2019
Murrey Math Lines 08.04.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is still trading near the “oversold zone” and may continue growing to reach the resistance at the 3/8 level.