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.
02.04.2021
Murrey Math Lines 02.04.2021 (Brent, S&P 500)
Brent is slowly recovering after plunging; in the case of the S&P 500 index, the next resistance area is at 4062.50.
01.04.2021
Murrey Math Lines 01.04.2021 (USDCHF, GOLD)
USDCHF is heading towards 6/8, while XAUUSD may complete its correctional uptrend at 3/8.
31.03.2021
Murrey Math Lines 31.03.2021 (USDJPY, USDCAD)
Both USDJPY and USDCAD are heading towards 8/8.
30.03.2021
Murrey Math Lines 30.03.2021 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD may complete their respective corrections at 2/8.
29.03.2021
Murrey Math Lines 29.03.2021 (EURUSD, GBPUSD)
EURUSD remains under pressure and may fall towards 0/8; in the case of GBPUSD, the price has finished the correction.
26.03.2021
Murrey Math Lines 26.03.2021 (Brent, S&P 500)
Brent may rebound from 4/8 and then resume falling, while the S&P 500 index is moving to reach its all-time high.
25.03.2021
Murrey Math Lines 25.03.2021 (USDCHF, GOLD)
USDCHF is trading within the “overbought area”, while XAUUSD may break 3/8 and continue its decline.
24.03.2021
Murrey Math Lines 24.03.2021 (USDJPY, USDCAD)
USDJPY continues falling to reach the next target at 6/8, while USDCAD is expected to finish the correction.