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.
05.02.2021
Murrey Math Lines 05.02.2021 (Brent, S&P 500)
Brent is expected to grow and reach 60.94, while the S&P 500 index may continue rising after updating its all-time highs.
04.02.2021
Murrey Math Lines 04.02.2021 (USDCHF, GOLD)
USDCHF may reach the “overbought area” soon, while XAUUSD is expected to continue falling to reach the next target at -1/8.
03.02.2021
Murrey Math Lines 03.02.2021 (USDJPY, USDCAD)
USDJPY is about to start a new correction down to 3/8; in the case of USDCAD, bulls aren’t giving up as they are pushing the price towards 3/8 again.
02.02.2021
Murrey Math Lines 02.02.2021 (AUDUSD, NZDUSD)
AUDUSD may fall to reach 4/8; in the case of NZDUSD, the correction is over and the price is expected to grow towards 7/8.
01.02.2021
Murrey Math Lines 01.02.2021 (EURUSD, GBPUSD)
EURUSD continues trading downwards, while GBPUSD is still growing within the “overbought area”.
29.01.2021
Murrey Math Lines 29.01.2021 (Brent, S&P 500)
Bears are raising pressure on Brent, while the S&P 500 index is expected to continue falling.
28.01.2021
Murrey Math Lines 28.01.2021 (USDCHF, GOLD)
USDCHF is growing towards 5/8, while XAUUSD may continue falling to reach the next target at 1812.50.
27.01.2021
Murrey Math Lines 27.01.2021 (USDJPY, USDCAD)
Bears may push USDJPY down to 0/8, while USDCAD is expected to re-enter the “oversold area”.