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.

09.05.2014

Murray Math Lines 09.05.2014 (AUD/USD, EUR/JPY, SILVER)

After rebounding from Super Trends, which formed “bearish cross” earlier, Australian Dollar continued growing up and reached new maximum. Target for the next several days is at the 8/8 level: if price rebounds from it, market will start new correction.
08.05.2014

Murray Math Lines 08.05.2014 (AUD/USD, EUR/GBP, SILVER)

After rebounding from Super Trends, which formed “bearish cross” earlier, Australian Dollar continued growing up and reached new maximum. Target for the next several days is at the 8/8 level: if price rebounds from it, market will start new correction.
07.05.2014

Murray Math Lines 07.05.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar continues growing up; Super Trends formed “bullish cross”. During correction, I opened another buy order and moved stops a bit higher. In the near term, price is expected to move upwards to reach the 6/8 level.
06.05.2014

Murray Math Lines 06.05.2014 (AUD/USD, EUR/GBP, SILVER)

Bulls still haven’t been able to break daily Super Trend. In order to decreased the risks, I’ve moved stop on my buy order into the black. In addition to that, I’ve placed pending sell order in case price isn’t able to stay above daily Super Trend.
05.05.2014

Murray Math Lines 05.05.2014 (AUD/USD, EUR/GBP, SILVER)

Last Friday, Australian Dollar rebounded from the 3/8 level. In this situation, it made no sense to keep selling, that’s why I closed my sell orders and opened buy ones. Possibly, price may break daily Super Trend during the day.
02.05.2014

Murray Math Lines 02.05.2014 (AUD/USD, EUR/GBP, SILVER)

Yesterday Australian Dollar rebounded from daily Super Trend and right now is trying to stay below the 4/8 level. I’ve opened sell order with stop placed above latest maximums. The first target is at the 2/8 level, which is confirmed by daily timeframe.
01.05.2014

Murray Math Lines 01.05.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is still moving between Super Trends, which formed “bearish cross” earlier. If price breaks daily Super Trend and the 5/8 level upwards, pair may start new ascending movement inside current up-trend.
30.04.2014

Murray Math Lines 30.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar couldn’t reach the 3/8 level. Possibly, in the nearest future price may break daily Super Trend upwards. If it happens, I’ll increase my long position with target at the 8/8 level.