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.
23.03.2021
Murrey Math Lines 23.03.2021 (AUDUSD, NZDUSD)
AUDUSD may fall to reach 1/8, while NZDUSD is approaching the “oversold area”.
22.03.2021
Murrey Math Lines 22.03.2021 (EURUSD, GBPUSD)
Both EURUSD and GBPUSD may rebound from 3/8 and then resume falling.
19.03.2021
Murrey Math Lines 19.03.2021 (Brent, S&P 500)
Brent remains under pressure, while the S&P 500 index may complete the correction at 4/8.
18.03.2021
Murrey Math Lines 18.03.2021 (USDCHF, GOLD)
After finishing the correction, USDCHF may resume trading upwards, while XAUUSD is still expected to grow and reach 1781.25.
17.03.2021
Murrey Math Lines 17.03.2021 (USDJPY, USDCAD)
USDJPY is still trading close to the “overbought area”, while USDCAD may correct towards 2/8.
16.03.2021
Murrey Math Lines 16.03.2021 (AUDUSD, NZDUSD)
AUDUSD may break 3/8 and then continue growing, while NZDUSD is still expected to fall towards 0/8.
15.03.2021
Murrey Math Lines 15.03.2021 (EURUSD, GBPUSD)
After completing the correction, EURUSD is expected to fall and reach 2/8; in the case of GBPUSD, the price may rebound from 4/8 and then resume growing.
12.03.2021
Murrey Math Lines 12.03.2021 (Brent, S&P 500)
Brent may correct towards 6/8, while the S&P 500 index is approaching its all-time high.