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