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.

18.12.2013

Murray Math Lines 18.12.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar continues falling down; yesterday it reached new minimum. Bears are supported by Super Trends. Most likely, price will reach the 0/8 level before the end of this week.
17.12.2013

Murray Math Lines 17.12.2013 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar is still consolidating below H4 Super Trend. Possibly, price may try to test it during the day. If it rebounds, market will start new descending movement towards the 0/8 level.
16.12.2013

Murray Math Lines 16.12.2013 (AUD/USD, NZD/JPY, SILVER)

After rebounding from daily Super Trend, Australian Dollar started fast descending movement. Currently, price is being corrected. Probably, instrument may face resistance from H4 Super Trend. If price rebounds from it, next target will be at the 0/8 level.
13.12.2013

Murray Math Lines 13.12.2013 (AUD/USD, EUR/JPY, SILVER)

After rebounding from daily Super Trend and the 2/8 level, Australian Dollar started fast descending movement. Currently, price is moving near lower border of “oversold zone”. Most likely, during the day instrument will break the -2/8 level and lines at the chart will be redrawn.
12.12.2013

Murray Math Lines 12.12.2013 (AUD/USD, EUR/GBP, SILVER)

After rebounding from daily Super Trend, Australian Dollar started falling down again. Price broke the 0/8 level and right now is moving inside “oversold zone”. Most likely, in the nearest future instrument will continue falling down towards the -2/8 level.
11.12.2013

Murray Math Lines 11.12.2013 (AUD/USD, EUR/GBP, SILVER)

Possibly, price is about to complete this correction quite soon. Australian Dollar rebounded from daily Super Trend and the 3/8 level. Main target for bears is still at the 0/8 level.
10.12.2013

Murray Math Lines 10.12.2013 (AUD/USD, EUR/JPY, SILVER)

Correction continues. Possibly, Australian Dollar may try to test daily Super Trend. If later price rebounds from it, pair will start new descending movement towards the 0/8 level.
09.12.2013

Murray Math Lines 09.12.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar started deeper and more serious correction and right now is moving between Super Trends. If later price rebounds from daily Super Trend, pair will start new descending movement. In this case, target will be at the 0/8 level again.