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.
27.05.2022
Murrey Math Lines 27.05.2022 (Brent, S&P 500)
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
Murrey Math Lines 26.05.2022 (USDCHF, GOLD)
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
Murrey Math Lines 25.05.2022 (USDJPY, USDCAD)
USDJPY is approaching the “oversold area”, while USDCAD may return to 6/8.
24.05.2022
Murrey Math Lines 24.05.2022 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are completing their respective corrections and may later resume falling.
23.05.2022
Murrey Math Lines 23.05.2022 (EURUSD, GBPUSD)
Both EURUSD and GBPUSD are expected to continue moving down to 1/8.
06.05.2022
Murrey Math Lines 06.05.2022 (Brent, S&P 500)
Brent is expected to continue rising, while the S&P 500 index may update this year’s low.
05.05.2022
Murrey Math Lines 05.05.2022 (USDCHF, GOLD)
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
Murrey Math Lines 04.05.2022 (EURUSD, GBPUSD)
Both EURUSD and GBPUSD are expected to continue moving downwards.