Forex Murrey math lines and forecasts

One of the classic approaches to the currency market analysis, which is successfully applied to everyday trading 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.


Murrey Math Lines 10.07.2020 (Brent, S&P 500)

Brent remains under pressure and may continue falling, while S&P 500 is still trading inside the “overbought area”.

Murrey Math Lines 09.07.2020 (USDCHF, GOLD)

USDCHF may trade to reach the downside target at 0/8, while XAUUSD is expected to continue growing.

Murrey Math Lines 08.07.2020 (USDJPY, USDCAD)

USDJPY may fall to reach 1/8; in the case of USDCAD, there was a “false” breakout of 3/8.

Murrey Math Lines 07.07.2020 (AUDUSD, NZDUSD)

AUDUSD is still moving inside the “overbought area”, while NZDUSD is expected to reach 7/8.

Murrey Math Lines 06.07.2020 (EURUSD, GBPUSD)

EURUSD has rebounded from 4/8, while GBPUSD may grow to reach 8/8.

Murrey Math Lines 03.07.2020 (Brent, S&P 500)

Brent may yet fall to reach 5/8, while S&P 500 is trading inside the “overbought area” again.

Murrey Math Lines 02.07.2020 (USDCHF, GOLD)

USDCHF is no longer consolidating and may continue trading downwards, while XAUUSD may fall to reach 3/8.

Murrey Math Lines 01.07.2020 (USDJPY, USDCAD)

Both USDJPY and USDCAD are consolidating.