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.
17.12.2020
Murrey Math Lines 17.12.2020 (USDCHF, GOLD)
The next downside target for USDCHF is 0/8; XAUUSD may grow towards 1906.62.
16.12.2020
Murrey Math Lines 16.12.2020 (USDJPY, USDCAD)
USDJPY continues falling within the downtrend, while USDCAD is expected to correct towards 1/8.
15.12.2020
Murrey Math Lines 15.12.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are expected to correct towards 5/8.
14.12.2020
Murrey Math Lines 14.12.2020 (EURUSD, GBPUSD)
EURUSD is still expected to correct towards 8/8, while GBPUSD may grow to reach 1.3427 again.
11.12.2020
Murray Math Lines 11.12.2020 (BRENT, S&P 500)
Oil quotations reached the overbought area, a correction to 7/8 is expected; for further growth of the S&P 500, bulls need to break through 7/8.
10.12.2020
Murrey Math Lines 10.12.2020 (USDCHF, GOLD)
USDCHF is trading in the oversold area, GOLD might rise to 1906.62.
09.12.2020
Murrey Math Lines 09.12.2020 (USDJPY, USDCAD)
USDJPY quotations might fall to 1/8, USDCAD keeps falling, the next goal is 0/8.
08.12.2020
Murrey Math Lines 08.12.2020 (AUDUSD, NZDUSD)
Both in AUDUSD and NZDUSD a breakaway of 6/8 might provoke further growth.