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.

22.05.2014

Murray Math Lines 22.05.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar rebounded from the -1/8 level and started correction. Earlier, Super Trends formed “bearish cross”. If later pair rebounds from the 0/8 level, market will start new descending movement towards the -2/8 one.
21.05.2014

Murray Math Lines 21.05.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar continues falling down. After breaking the 0/8 level, price managed to stay inside “oversold zone”, which means that it may continue moving downwards. During local correction, I opened sell order with target at the -2/8 level.
20.05.2014

Murray Math Lines 20.05.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar continues falling down; Take Profit on my sell order worked. If pair rebounds from current levels, market will start new ascending movement. However, it’s quite risky to buy right now, that’s why I’ve placed pending order.
19.05.2014

Murray Math Lines 19.05.2014 (AUD/USD, GBP/JPY, SILVER)

I closed my buy orders and opened sell ones. Earlier, price couldn’t stay above the 2/8 level and may not start new ascending movement. However, if later pair rebounds from daily Super Trend, bulls will have a chance to return to the market.
16.05.2014

Murray Math Lines 16.05.2014 (AUD/USD, GBP/JPY, SILVER)

Australian Dollar is still being corrected between Super Trends, which are still influenced by “bullish cross”. Earlier, price couldn’t stay above the 2/8 level and may not start new ascending movement. However, it’s quite early to start selling until instrument is moving above daily Super Trend.
15.05.2014

Murray Math Lines 15.05.2014 (AUD/USD, GBP/JPY, SILVER)

Australian Dollar tested H4 Super Trend once again and rebounded from it. Earlier Super Trends formed “bullish cross”. Probably, in the nearest future price may break maximum. Target for the next several days is at the 4/8 level.
14.05.2014

Murray Math Lines 14.05.2014 (AUD/USD, GBP/JPY, SILVER)

Australian Dollar broke its maximum and I’ve moved stops into the black. Most likely, in the nearest future market will continue growing up. Main target for bulls is at the 4/8 level, but they may face resistance from the 3/8 one.
13.05.2014

Murray Math Lines 13.05.2014 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected; market is unlikely to stay below H4 Super Trend. If later price breaks it upwards, I’ll increase my long position. Closest target for bulls is at the 3/8 level.