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.

12.06.2014

Murray Math Lines 12.06.2014 (AUD/USD, GBP/JPY, SILVER)

Yesterday Australian Dollar tested Super Trend rebounded from it. Possibly, price may break the 8/8 level during the day. Later price may break the +2/8 level and lines at the chart will be redrawn.
11.06.2014

Murray Math Lines 11.06.2014 (AUD/USD, GBP/JPY, SILVER)

Australian Dollar continues moving upwards and got very close to the 8/8 level. Possibly, price may break this level during the day and enter “overbought zone”. If later price breaks the +2/8 level, lines at the chart will be redrawn.
10.06.2014

Murray Math Lines 10.06.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar continues moving upwards, giving an opportunity to move stop on my yesterday’s buy order into the black. Earlier Super Trends formed “Bullish cross”. Closest target is at the 8/8 level; pair may break it and continue growing up inside “overbought zone”.
09.06.2014

Murray Math Lines 09.06.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar continues moving upwards, giving bears no chance to start new descending movement. Earlier Super Trends formed “Bullish cross”. Considering that price broke the 6/8 level, pair is expected to continue growing up and, maybe, break the 8/8 one.
06.06.2014

Murray Math Lines 06.06.2014 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar finally broke daily Super Trend and started deeper correction. Considering that earlier price rebounded from the 2/8 level, the fact that right now it is rebounding from the 6/8 one may mean market will continue falling down. I’ll increase my short position as soon as pair breaks Super Trends downwards.
05.06.2014

Murray Math Lines 05.06.2014 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still moving below daily Super Trend. If later price breaks the 3/8 level and stays below it, pair will continue falling down towards the 0/8 one. Future scenario depends on how price will move at this level.
04.06.2014

Murray Math Lines 04.06.2014 (AUD/USD, EUR/JPY, SILVER)

Yesterday Australian Dollar rebounded from daily Super Trend once again; which means that price may start new descending movement. If later price breaks the 3/8 level and stays below it, pair will continue falling down towards the 0/8 one.
03.06.2014

Murray Math Lines 03.06.2014 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar started new correction; market is still moving below Super Trends. Earlier price couldn’t stay above the 5/8 level and broke the 4/8 one downwards. If later, after local correction, price breaks the 3/8 level and stays below it, pair will continue falling down towards the 0/8 one.