Murrey math lines and forecasts

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.

27.08.2014

Murray Math Lines 27.08.2014 (EUR/USD, SILVER)

Bears were able to enter “oversold zone” after all and now they have to keep the price below the 0/8 level.
26.08.2014

Murray Math Lines 26.08.2014 (EUR/USD, SILVER)

After reaching the 0/8 level, Eurodollar started consolidating. However, the pair hasn’t been able to move higher that the H4 Super Trend, which means that bulls are weak and the downtrend may continue quite soon. If the market breaks the 0/8 level, the short-term target will be at the -2/8 one.
25.08.2014

Murray Math Lines 25.08.2014 (EUR/USD, SILVER)

During the market opening, bears showed an exceptional speed and broke the 0/8 level in one go.
22.08.2014

Murray Math Lines 22.08.2014 (EUR/USD, SILVER)

Despite the fact that Euro rebounded from the 1/8 level and started a new correction, the main trend remains bearish.
21.08.2014

Murray Math Lines 21.08.2014 (EUR/USD, SILVER)

Euro successfully reached its first target at the 1/8 level. We could make the final point here and close all short positions, but I’m planning to keep my orders with the target at the 0/8 level as long as the price is moving below the H4 Super Trend.
20.08.2014

Murray Math Lines 20.08.2014 (EUR/USD, USD/CAD)

On Tuesday, bears returned to the market with triumph. The price broke all previous minimums at a time and right now is sure to be able to stay below the 3/8 level. Later, one should pay attention to the 1/8 level, because if the pair rebounds from this level, it may be fatal for the current downtrend.
19.08.2014

Murray Math Lines 19.08.2014 (EUR/USD, AUD/JPY)

Bears have been trying to start new ascending movement for more than a week, but still unsuccessfully. Yesterday they made another attempt to keep the price below the H4 Super Trend, but haven’t succeeded yet; at the chart we can see that they attempted several times, but always failed. Taking into account this fact, I’ve moved stop losses on all my orders to the recently reached maximum.
18.08.2014

Murray Math Lines 18.08.2014 (EUR/USD, EUR/JPY)

Euro is still consolidating; sellers are supported by Super Trends, which are still influenced by “bearish cross”. Possibly, during the day the price may break the H4 Super Trend downwards and stay below it. In this case, the market may start a new descending movement.