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.
20.08.2020
Murrey Math Lines 20.08.2020 (USDCHF, GOLD)
USDCHF may continue correcting, while XAUUSD is expected to fall towards the support at 6/8.
19.08.2020
Murrey Math Lines 19.08.2020 (USDJPY, USDCAD)
USDJPY may fall towards 2/8, while USDCAD has reached the “oversold area”.
18.08.2020
Murrey Math Lines 18.08.2020 (AUDUSD, NZDUSD)
AUDUSD continues trading upwards to reach 8/8, while NZDUSD is expected to break 3/8.
17.08.2020
Murrey Math Lines 17.08.2020 (EURUSD, GBPUSD)
EURUSD is still trading inside the “overbought area”, while GBPUSD is expected to continue moving upwards.
14.08.2020
Murrey Math Lines 14.08.2020 (Brent, S&P 500)
Brent is expected to continue trading upwards, while S&P 500 may grow to reach the next upside target at 3437.5.
13.08.2020
Murrey Math Lines 13.08.2020 (USDCHF, GOLD)
USDCHF is expected to test 0/8, while XAUUSD may fall towards the support at 6/8.
12.08.2020
Murrey Math Lines 12.08.2020 (USDJPY, USDCAD)
USDJPY is expected to grow towards 6/8, while USDCAD remains under pressure and may fall to reach 1/8.
11.08.2020
Murrey Math Lines 11.08.2020 (AUDUSD, NZDUSD)
AUDUSD may continue trading upwards, while NZDUSD is expected to break 5/8.