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.
27.05.2022
Bears can’t prevent Brent from growing; in the case of the S&P 500 index, the price may drop to the “oversold area”.
26.05.2022
Bearish pressure in USDCHF is increasing, so the pair is expected to continue falling; in the case of XAUUSD, a breakout of 3/8 will lead to a further downtrend.
25.05.2022
USDJPY is approaching the “oversold area”, while USDCAD may return to 6/8.
24.05.2022
Both AUDUSD and NZDUSD are completing their respective corrections and may later resume falling.
23.05.2022
Both EURUSD and GBPUSD are expected to continue moving down to 1/8.
06.05.2022
Brent is expected to continue rising, while the S&P 500 index may update this year’s low.
05.05.2022
USDCHF has broken the support at 8/8 and may later continue falling; in the case of XAUUSD, the price is expected to return to 0/8.
04.05.2022
Both EURUSD and GBPUSD are expected to continue moving downwards.