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 26.11.2020 (USDCHF, GOLD)

USDCHF remains under pressure and is expected to test 0/8, while XAUUSD may correct towards 2/8.

Murrey Math Lines 25.11.2020 (USDJPY, USDCAD)

The correction in USDJPY is over; USDCAD is trading back to 0/8.

Murrey Math Lines 24.11.2020 (AUDUSD, NZDUSD)

Both AUDUSD and NZDUSD are trading upwards and expected to continue their respective ascending tendencies.

Murrey Math Lines 23.11.2020 (EURUSD, GBPUSD)

EURUSD may trade upwards to reach the resistance at 1.1962, while GBPUSD is expected to continue moving within the uptrend.

Murrey Math Lines 20.11.2020 (Brent, S&P 500)

The uptrend in Brent continues; the S&P 500 may break the resistance and continue trading upwards.

Murrey Math Lines 19.11.2020 (USDCHF, GOLD)

USDCHF is expected to continue moving downwards, while XAUUSD is still moving inside the “oversold area”.

Murrey Math Lines 18.11.2020 (USDJPY, USDCAD)

Both USDJPY and USDCAD may continue falling with the target at 1/8.

Murrey Math Lines 17.11.2020 (AUDUSD, NZDUSD)

Both AUDUSD and NZDUSD have reached their respective “overbought areas” and are expected to correct downwards.