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.

24.06.2014

Murray Math Lines 24.06.2014 (AUD/USD, GBP/JPY, SILVER)

After unsuccessful attempt to hold above +1/8, AUDUSD had intitiated correctional move. If today price will pull back from 8/8, it will be the signal for continuation of the growth. In this case break of +2/8 is expected. It will lead to change of the whole structure.
23.06.2014

Murray Math Lines 23.06.2014 (AUD/USD, GBP/JPY, SILVER)

AUDUSD had pulled back from Super trend line and had broken out 8/8 level getting to «overbought» phase. Probably, very soon we will see breakout of +2/8 and restructured levels on the chart.
20.06.2014

Murray Math Lines 20.06.2014 (AUD/USD, GBP/JPY, SILVER)

AUDUSD is testing 8/8 after pullback from 1/8. If price will be able to pullback from that level, it will indicate readiness for possible growth. After that breakout of +2/8 might follow with further restructuring of analytical view.
19.06.2014

Murray Math Lines 19.06.2014 (AUD/USD, GBP/JPY, SILVER)

AUDUSD has resume ascending trend after testing line of the Supertrend. Probably, high can be violated as soon as current trading session. Possible further breakout of +2/8 is expected, which can restructure lines on the chart.
18.06.2014

Murray Math Lines 18.06.2014 (AUD/USD, GBP/JPY, SILVER)

AUDUSD is probably continuing to consolidate and trades between lines of Super trends. Market tests 6/8 level, in case we see a pullback from this level, growth will be possible. After price accepts area above CT on H4, I plan to add to long position.
17.06.2014

Murray Math Lines 17.06.2014 (AUD/USD, GBP/JPY, SILVER)

AUDUSD is probably continuing to move in correctional phase, yesterday’s buy limit order was successfully executed. Level 6/8 and lower border of descending channel are likely to be tested today. In case it happens, we expect further bullish scenario
16.06.2014

Murray Math Lines 16.06.2014 (AUD/USD, GBP/JPY, SILVER)

AUDUSD has corrected after testing +1/8 level. Super trend on H4 is providing support for the currency pair, but 7/8 level can be visited. In case of pullback from that level, further growth will be possible
13.06.2014

Murray Math Lines 13.06.2014 (AUD/USD, GBP/JPY, SILVER)

Australian Dollar broke the 8/8 level upwards and right now is being corrected inside “overbought zone”; bulls are supported by Super Trends. Possibly, on Friday price may break the +2/8 level and lines at the chart will be redrawn.