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.
18.08.2022
Murrey Math Lines 18.08.2022 (USDCHF, GOLD)
USDCHF may rebound from 4/8 and resume falling; in the case of XAUUSD, the price is moving downwards again.
17.08.2022
Murrey Math Lines 17.08.2022 (USDJPY, USDCAD)
USDJPY is expected to fall and reach 4/8, while USDCAD may return to 1/8.
16.08.2022
Murrey Math Lines 16.08.2022 (AUDUSD, NZDUSD)
AUDUSD may drop to 6/8, while NZDUSD is expected to break the support and continue falling.
12.08.2022
Murrey Math Lines 12.08.2022 (Brent, S&P 500)
Brent is no longer moving inside the “oversold area”, while the S&P 500 index is heading towards 4/8.
11.08.2022
Murrey Math Lines 11.08.2022 (USDCHF, GOLD)
USDCHF is expected to update its local low, while XAUUSD may rebound from 5/8 and resume trading upwards.
10.08.2022
Murrey Math Lines 10.08.2022 (USDJPY, USDCAD)
A breakout of the resistance will lead to a further uptrend in USDJPY; in the case of USDCAD, the price may grow and reach 5/8.