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.
25.11.2020
Murrey Math Lines 25.11.2020 (USDJPY, USDCAD)
The correction in USDJPY is over; USDCAD is trading back to 0/8.
24.11.2020
Murrey Math Lines 24.11.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are trading upwards and expected to continue their respective ascending tendencies.
23.11.2020
Murrey Math Lines 23.11.2020 (EURUSD, GBPUSD)
EURUSD may trade upwards to reach the resistance at 1.1962, while GBPUSD is expected to continue moving within the uptrend.
20.11.2020
Murrey Math Lines 20.11.2020 (Brent, S&P 500)
The uptrend in Brent continues; the S&P 500 may break the resistance and continue trading upwards.
19.11.2020
Murrey Math Lines 19.11.2020 (USDCHF, GOLD)
USDCHF is expected to continue moving downwards, while XAUUSD is still moving inside the “oversold area”.
18.11.2020
Murrey Math Lines 18.11.2020 (USDJPY, USDCAD)
Both USDJPY and USDCAD may continue falling with the target at 1/8.
17.11.2020
Murrey Math Lines 17.11.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD have reached their respective “overbought areas” and are expected to correct downwards.
16.11.2020
Murrey Math Lines 16.11.2020 (EURUSD, GBPUSD)
EURUSD is growing and expected to continue the ascending tendency, while GBPUSD may re-test 1.3305.