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.
17.02.2021
Murrey Math Lines 17.02.2021 (USDJPY, USDCAD)
USDJPY is starting a new correction, while USDCAD is no longer moving within the “oversold area”.
16.02.2021
Murrey Math Lines 16.02.2021 (AUDUSD, NZDUSD)
AUDUSD is expected to correct towards 5/8, while NZDUSD may break 6/8 and continue growing.
15.02.2021
Murrey Math Lines 15.02.2021 (EURUSD, GBPUSD)
EURUSD may grow to reach 4/8, while GBPUSD is moving within the “overbought area”.
12.02.2021
Murrey Math Lines 12.02.2021 (Brent, S&P 500)
Brent is expected to correct towards 6/8, while the S&P 500 index continues updating its all-time highs.
11.02.2021
Murrey Math Lines 11.02.2021 (USDCHF, GOLD)
Bears aren’t going to stop and may continue pushing USDCHF towards the next downside target at 2/8; in the case of XAUUSD, the price is expected to get back to 0/8.
10.02.2021
Murrey Math Lines 10.02.2021 (USDJPY, USDCAD)
USDJPY may complete the correction at 3/8, while USDCAD is starting a new decline towards the next target at -1/8.
09.02.2021
Murrey Math Lines 09.02.2021 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are heading towards 8/8.
08.02.2021
Murrey Math Lines 08.02.2021 (EURUSD, GBPUSD)
EURUSD may complete the correction at 2/8, while GBPUSD is expected to reach its yearly high.