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
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
USDCHF is approaching the “overbought area”, while XAUUSD is heading to reach 3/8.
26.01.2022
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
AUDUSD may fall to reach 3/8, while NZDUSD is still expected to continue trading downwards.
24.01.2022
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
Brent may correct down to 7/8, while the S&P 500 index is approaching the “oversold area”.
20.01.2022
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
USDJPY may grow and reach 7/8, while USDCAD is trading within the “oversold area”.