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.
25.11.2021
USDCHF is expected to fall towards the support at 7/8; in the case of XAUUSD, the price may rebound from 3/8 and resume trading downwards.
24.11.2021
USDJPY is approaching the “overbought area”, while USDCAD may correct down to support at 6/8.
23.11.2021
AUDUSD is trading within the “oversold area”, while NZDUSD may fall and reach 0/8.
22.11.2021
EURUSD is approaching the “oversold area”, while GBPUSD may correct up to 2/8.
19.11.2021
Brent may fall and reach 3/8, while the S&P 500 index is heading towards the resistance at 5/8.
18.11.2021
USDCHF is moving within the “overbought area”; in the case of XAUUSD, the price may correct down to 6/8.
17.11.2021
Both USDJPY and USDCAD may reach their respective “overbought areas”.
16.11.2021
After completing their respective corrections, both AUDUSD and NZDUSD are expected to resume falling.