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.
02.11.2021
Murrey Math Lines 02.11.2021 (AUDUSD, NZDUSD)
AUDUSD may correct down to 5/8, while NZDUSD is still expected to grow and reach 7/8.
01.11.2021
Murrey Math Lines 01.11.2021 (EURUSD, GBPUSD)
EURUSD is approaching the “oversold area”, while GBPUSD may fall and reach 7/8.
29.10.2021
Murrey Math Lines 29.10.2021 (Brent, S&P 500)
After finishing the correction, Brent is heading towards 4/8; in the case of the S&P 500 index, the price may update its all-time high again.
28.10.2021
Murrey Math Lines 28.10.2021 (USDCHF, GOLD)
USDCHF may continue growing after breaking the resistance; in the case of XAUUSD, the price has resumed trading upwards to reach 5/8.
27.10.2021
Murrey Math Lines 27.10.2021 (USDJPY, USDCAD)
USDJPY may correct down to 5/8, while USDCAD is expected to continue falling.
26.10.2021
Murrey Math Lines 26.10.2021 (AUDUSD, NZDUSD)
AUDUSD is approaching the “overbought area”, while NZDUSD may grow and reach 7/8.
25.10.2021
Murrey Math Lines 25.10.2021 (EURUSD, GBPUSD)
EURUSD is heading towards the resistance at 4/8, while GBPUSD may fall and reach 8/8.
22.10.2021
Murrey Math Lines 22.10.2021 (Brent, S&P 500)
Brent may correct down to 2/8, while the S&P 500 index is trading within the “overbought area”.