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 24.01.2020 (EURUSD, GBPUSD)

Both EURUSD and GBPUSD may fall to reach 0/8.

Murrey Math Lines 23.01.2020 (USDCHF, GOLD)

Bulls failed to make USDCHF break the resistance at 3/8, while XAUUSD is still expected to fall towards 0/8.

Murrey Math Lines 22.01.2020 (USDJPY, USDCAD)

USDJPY may grow to reach 8/8, while USDCAD is expected to test 3/8.

Murrey Math Lines 21.01.2020 (AUDUSD, NZDUSD)

AUDUSD continues falling towards -1/8, but may later correct to reach 2/8; NZDUSD is still consolidating between 3/8 and 5/8.

Murrey Math Lines 20.01.2020 (EURUSD, GBPUSD)

EURUSD may fall to reach 1/8, while bears are increasing the pressure on GBPUSD.

Murrey Math Lines 17.01.2020 (EURUSD, GBPUSD)

EURUSD continues consolidating, while GBPUSD is trading towards 5/8.

Murrey Math Lines 16.01.2020 (USDCHF, GOLD)

USDCHF continues trading inside the downtrend, while XAUUSD may fall to reach 0/8.

Murrey Math Lines 15.01.2020 (USDJPY, USDCAD)

USDJPY may test 7/8, while USDCAD is correcting towards 3/8.