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