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.
28.01.2022
Murrey Math Lines 28.01.2022 (Brent, S&P 500)
The next upside target in Brent is at 6/8; in the case of the S&P 500 index, the price is trading within the “oversold area”.
27.01.2022
Murrey Math Lines 27.01.2022 (USDCHF, GOLD)
USDCHF is approaching the “overbought area”, while XAUUSD is heading to reach 3/8.
26.01.2022
Murrey Math Lines 26.01.2022 (USDJPY, USDCAD)
USDJPY may break 3/8 and continue falling; in the case of USDCAD, the price has finished the correction and may resume trading downwards soon.
25.01.2022
Murrey Math Lines 25.01.2022 (AUDUSD, NZDUSD)
AUDUSD may fall to reach 3/8, while NZDUSD is still expected to continue trading downwards.
24.01.2022
Murrey Math Lines 24.01.2022 (EURUSD, GBPUSD)
EURUSD is expected to break 3/8 and continue falling; in the case of GBPUSD, the price may complete the correction at 6/8.
21.01.2022
Murrey Math Lines 21.01.2022 (Brent, S&P 500)
Brent may correct down to 7/8, while the S&P 500 index is approaching the “oversold area”.
20.01.2022
Murrey Math Lines 20.01.2022 (USDCHF, GOLD)
USDCHF may fall towards the support at 2/8, while XAUUSD is expected to break the resistance and continue growing to reach 8/8.
19.01.2022
Murrey Math Lines 19.01.2022 (USDJPY, USDCAD)
USDJPY may grow and reach 7/8, while USDCAD is trading within the “oversold area”.