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.
21.10.2021
After leaving the “overbought area”, USDCHF is heading towards 5/8; in the case of XAUUSD, the price may grow and reach 4/8.
20.10.2021
USDJPY may reach the “overbought area”, while USDCAD is expected to break 5/8 and continue falling.
19.10.2021
AUDUSD continues trading upwards, while NZDUSD is heading towards 6/8.
18.10.2021
EURUSD continues falling, while GBPUSD is trading within the “overbought area”.
15.10.2021
Brent is heading towards 87.50, while the S&P 500 index may break the resistance and continue growing.
14.10.2021
USDCHF may fall and reach the support at 6/8, while XAUUSD is no longer moving within the “oversold area”.
13.10.2021
USDJPY is trading within the “overbought area”, while USDCAD may correct to reach 2/8.
12.10.2021
AUDUSD may grow and reach 6/8, while NZDUSD is still expected to fall towards 0/8.