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.
05.04.2019
Murrey Math Lines 05.04.2019 (EURUSD, GBPUSD)
In the H4 chart, EURUSD may break the 0/8 level and continue growing to reach the resistance at the 3/8 level.
04.04.2019
Murrey Math Lines 04.04.2019 (USDCHF, GOLD)
In the H4 chart, USDCHF is expected to rebound from the 3/8 level and resume falling towards the support at the 0/8 one.
03.04.2019
Murrey Math Lines 03.04.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY has broken the 5/8 level and fixed above it.
01.04.2019
Murrey Math Lines 01.04.2019 (EURUSD, GBPUSD)
In the H4 chart, the pair is no longer trading inside the “oversold zone” and may continue growing to reach the resistance at the 3/8 level.
29.03.2019
Murray Level Analysis for EURUSD and GBPUSD: 29/03/2019
On H4, 0/8 breakout may lead to the EUR/USD price rising till the resistance at 3/8.
28.03.2019
Murray Level Analysis for USDCHF and GOLD: 28/03/2019
On H4, USD/JPY is expected to test 3/8, after which a pullback and a fall to the support at 0/8 may occur.
27.03.2019
Murray Level Analysis for USDJPY and USDCAD: 27/03/2019
On H4, the USDJPY is back to a consolidation range.