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.
11.03.2021
Murrey Math Lines 11.03.2021 (USDCHF, GOLD)
USDCHF is trading within the “overbought area”, while XAUUSD may grow to reach 1781.25.
10.03.2021
Murrey Math Lines 10.03.2021 (USDJPY, USDCAD)
USDJPY is approaching the “overbought area”, while USDCAD is back inside the consolidation range and may grow towards 5/8.
09.03.2021
Murrey Math Lines 09.03.2021 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are approaching their respective “oversold areas”.
08.03.2021
Murrey Math Lines 08.03.2021 (EURUSD, GBPUSD)
EURUSD is expected to correct upwards to reach 5/8, while GBPUSD may grow towards 3/8.
05.03.2021
Murrey Math Lines 05.03.2021 (Brent, S&P 500)
Brent continues updating this year’s highs, while the S&P 500 index is trying to recover up to 2/8.
04.03.2021
Murrey Math Lines 04.03.2021 (USDCHF, GOLD)
USDCHF is heading towards 8/8; in the case of XAUUSD, the price is trading within the “oversold area” and may grow to reach 1/8.
03.03.2021
Murrey Math Lines 03.03.2021 (USDJPY, USDCAD)
USDJPY is moving within the “overbought area”, while USDCAD is falling towards the next target at 2/8.
02.03.2021
Murrey Math Lines 02.03.2021 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are completing their respective corrections.