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.
20.08.2014
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
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
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.
15.08.2014
Euro is still consolidating below Super Trends; right now, the market is trying to stay below the 3/8 level. If bears succeed in doing it, the market may continue moving downwards to the 1/8 level, even break it and reach the 0/8 one.
14.08.2014
Euro is still consolidating. Earlier the price rebounded from the daily Super Trends several times. If later the pair is able to stay below the 3/8 level, the market will continue moving downwards to reach the 0/8 one.
13.08.2014
Euro made another attempt to stay below the 3/8 level, but failed and started a new correction. Considering that earlier the price rebounded from the daily Super Trend several times, the pair is expected to continue falling down towards the 1/8 level. If the price breaks this level, the instrument may move downwards to reach the 0/8 one.
12.08.2014
After rebounding from the daily Super Trend several times, Euro is starting to fall down. If the market breaks the 3/8 level downwards and stays below it, the pair will continue falling down towards the 0/8 one. However, if the price rebounds from the 1/8 level, the instrument may start a new ascending correction.
11.08.2014
New Zealand Dollar is still falling down. Considering that the pair has already rebounded from the daily Super Trend several times and right now is moving below the 3/8 level, the price is expected to continue moving downwards. The target for bears is at the 0/8 level.
