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.

07.01.2014

Murray Math Lines 07.01.2014 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar rebounded from trend line, but market couldn’t keep price below Super Trends so far. I’m keeping two sell orders and expecting pair to break the 0/8 level. Target for the next several days is at the -2/8 level.
06.01.2014

Murray Math Lines 06.01.2014 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar rebounded from trend line and right now is trying to break Super Trends downwards. In the future, price may break the 0/8 level and continue falling down towards the -2/8 one, where I placed Take Profits on my sell orders.
03.01.2014

Murray Math Lines 03.01.2014 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected; price broke daily Super Trend and may not start new descending movement. However, if price isn’t able to stay above daily Super trend for a long time, pair may start falling down again. Bears are also supported by Wolfe wave.
30.12.2013

Murray Math Lines 30.12.2013 (AUD/USD, EUR/JPY, SILVER)

At daily chart, Australian Dollar is moving inside bearish trend; price is supported by Super Trend. If price rebounds from it, pair will start new descending movement. Closest target is at 0.8550.
27.12.2013

Murray Math Lines 27.12.2013 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar is still being corrected; it looks like price is going to test daily Super Trend. If pair rebounds from it, market will start new descending movement towards the -2/8 level.
26.12.2013

Murray Math Lines 26.12.2013 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar rebounded from daily Super Trend and may start new descending movement. Possibly, pair may reach new minimum until the end of this week. Main target is at the -2/8 level.
24.12.2013

Murray Math Lines 24.12.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected; it has already reached daily Super Trend. Possibly, later pair may yet continue forming flat pattern for a while because of Christmas. However, if price rebounds from daily Super Trend, market will start new descending movement.
23.12.2013

Murray Math Lines 23.12.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected between Super Trends. If later pair rebounds from daily Super Trend, market will start new descending movement, in this case, target will be at the -2/8 level.