Murrey Math Levels is one of the classic approaches to 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 are based on the approach and observation of William Gann, also used for forecasting, but Murrey was able to adapt this system, making it understandable for investors. The Murrey math levels approach is to track the 8 major lines (price levels) that together make up the "Murrey math lines" indicator. Despite the fact that the method of analysis and forecasting according to Murrey math lines is quite complex, experts consider it unique and capable of performing in combination with others. On this page, you will find Murrey math lines analytics from RoboForex experts.
11.09.2014
Eurodollar is still consolidating inside “oversold zone”; the price is supported by the H4 Super Trend. The target for the next several days is still is at the -2/8 level, where I’m planning to close several of my sell orders.
10.09.2014
After rebounding from the -1/8 level, Eurodollar started a correction.
09.09.2014
Eurodollar has been able to stay inside “oversold zone”.
08.09.2014
Eurodollar keeps balancing near the upper border of “oversold zone”; bears are supported by the H4 Super Trend. The target for the next several days is still at the -2/8 level.
05.09.2014
It looks like bears “broke loose”: it took them just several hours to drop the market to the bottom.
04.09.2014
Eurodollar is still moving between the -1/8 and 0/8 levels and Super Trends. Possibly, the price may test the 0/8 level: if the pair rebounds from this level, the instrument may start falling again towards the -2/8 one.
03.09.2014
After all, Euro has started a new correction from the -1/8 level. Possibly, in the future the price may test the 0/8 level and the daily Super Trend. If later the pair rebounds from these levels, it may be a signal for a new descending movement.
02.09.2014
Euro is still consolidating a bit above the -1/8 level; bears are supported by the H4 Super trend. In the future, the price may start falling again towards the -2/8 level.
