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.
20.01.2014
Australian Dollar is still moving downwards and trying to stay inside “oversold zone”; price is supported by H4 Super Trend. In the near term, pair is expected to continue moving towards the -2/8 level. If market breaks it, lines at the chart will be redrawn.
17.01.2014
Bears stopped at the 0/8 level and right now Australian Dollar is being corrected. Earlier Super Trends formed “bearish cross”. Possibly, price may enter “oversold zone” during the day. Main target for bears is at the -2/8 level.
16.01.2014
Yesterday, Australian Dollar continued moving downwards and I moved stop on my sell order into the black. Super Trends have already formed “bearish cross”. Possibly, price may reach the 0/8 level and then enter “oversold zone” during the day. Main target is at the -2/8 level.
15.01.2014
Bulls couldn’t stay at the market for a long time, and right now pair is falling down again. Price has already broken Super Trends and is moving below them. During correction, I’m planning to start selling again, that’s why I’ve already placed limit order.
14.01.2014
Bulls returned to the market. Yesterday price broke the 4/8 level, but later returned to it. Probably, pair may be corrected for a while during the day, but later instrument is expected to continue moving upwards.
13.01.2014
Correction turned out to be deeper than we expected; market formed bearish Wolfe Wave, that’s why price may yet continue falling down. I opened quite a risky sell order and plan to move stop into the black right after pair rebounds from Wolfe Wave’s upper border.
10.01.2014
Bears managed to keep price below Super Trends; earlier pair rebounded from trend line. Most likely, in the future pair will break the 0/8 level and enter “oversold zone”.
09.01.2014
Australian Dollar continues falling down; H4 Super Trend is in the “red zone” again. I’m keeping my two sell orders. Later pair may break the 0/8 level and continue falling down towards the -2/8 one.
