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.
18.02.2020
Murrey Math Lines 18.02.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are falling towards 0/8.
17.02.2020
Murrey Math Lines 17.02.2020 (EURUSD, GBPUSD)
EURUSD may continue falling, while GBPUSD is still dominated by bulls.
14.02.2020
Murrey Math Lines 14.02.2020 (EURUSD, GBPUSD)
EURUSD continues falling towards 0/8, while GBPUSD may reach the resistance level at 8/8.
13.02.2020
Murrey Math Lines 13.02.2020 (USDCHF, GOLD)
Both USDCHF and XAUUSD are consolidating but may resume growing towards 7/8.
12.02.2020
Murrey Math Lines 12.02.2020 (USDJPY, USDCAD)
USDJPY is heading towards 7/8; in the case of USDCAD, there was a false breakout of 6/8.
11.02.2020
Murrey Math Lines 11.02.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are trading towards 0/8.
10.02.2020
Murrey Math Lines 10.02.2020 (EURUSD, GBPUSD)
Both EURUSD and GBPUSD are still trading inside the “oversold area”.
07.02.2020
Murrey Math Lines 07.02.2020 (EURUSD, GBPUSD)
Both EURUSD and GBPUSD have reached the “oversold area”.