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.
11.03.2020
Murrey Math Lines 11.03.2020 (USDJPY, USDCAD)
USDJPY may fall towards 2/8, while USDCAD is trading inside the “overbought area”.
09.03.2020
Murrey Math Lines 09.03.2020 (EURUSD, GBPUSD)
Both EURUSD and GBPUSD may trade downwards to reach 3/8.
06.03.2020
Murrey Math Lines 06.03.2020 (EURUSD, GBPUSD)
EURUSD has reached the “overbought area”, while GBPUSD may yet continue trading upwards.
05.03.2020
Murrey Math Lines 05.03.2020 (USDCHF, GOLD)
In the case of USDCHF, the descending tendency continues, while XAUUSD may reach 8/8.
04.03.2020
Murrey Math Lines 04.03.2020 (USDJPY, USDCAD)
USDJPY may fall towards 0/8, while USDCAD may yet move downwards to reach 4/8.
02.03.2020
Murrey Math Lines 02.03.2020 (EURUSD, GBPUSD)
Bulls are still dominating in EURUSD, while GBPUSD is correct towards 3/8.