Forex 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.

02.08.2011

Murray Math Lines 01.08.2011 (USD/CHF, AUD/USD, GOLD)

As we expected, after the price had broken the -2/8 level, the lines at the 4 chart were redrawn. The market was several dozens of pips short to reach the 0/8 level. Most likely, after a slight correction, the market will retry to reach the level.
29.07.2011

Murray Math Lines 29.07.2011 (GBP/JPY, USD/CHF, GBP/CHF)

After falling to the 2/8 level, the market allowed me to move stop on sell order into the black, thus helping to avoid any risks on the trade. In the near term, we can expect the price to continue moving downwards and reach new minimum.
28.07.2011

Murray Math Lines 28.07.2011 (USD/CHF, GBP/JPY, GOLD)

The price wasn’t able to break the -1/8 level at the H4 chart. However, if we take into account the lines at the daily chart, continuation of down-trend will be the main scenario for the USD/CHF currency pair. If the price breaks the -2/8 level, the lines will be redrawn.
27.07.2011

Murray Math Lines 27.07.2011 (USD/CHF, GBP/JPY, GOLD)

After breaking and fixing itself below the 1/8 level at the daily chart, the price keeps moving towards the 0/8 level, where Take Profit on sell orders is. The market may reach this level during the week.
26.07.2011

Murray Math Lines 26.07.2011 (GBP/JPY, AUD/USD, GBP/CHF)

The price is still consolidating. The 4/8 level doesn’t allow the market to grow any higher, the price rebounded from the level several times. Forecast of the price movement is shown on the chart. In the near term, we can expect down-trend to resume its movement and reach the 0/8 level.
25.07.2011

Murray Math Lines 25.07.2011 (USD/CHF, GBP/JPY, GOLD)

During the market trading opening the USD/CHF currency pair was moving exactly according to the forecast and was able to reach new minimum. I moved the stop on sell orders to the level of the second one. Take Profit is still at the 0/8 level. The descending movement may continue during the day.
22.07.2011

Murray Math Lines 22.07.2011 (GBP/JPY, NZD/USD, GOLD)

The price is testing the 4/8 level again. If the market fails to break and rebounds from it, the price will be able to move downwards to the 0/8 level or even lower. The bearish forecast remains in effect so far, but if the price breaks daily Super Trend, we’ll be forced to change it.
21.07.2011

Murray Math Lines 21.07.2011 (USD/CHF, GBP/JPY, GOLD)

In case of Franc the correction continues. The price wasn’t able to break 3/8 level, thus multiplying chances of trend to continue. I keep holding my sell orders opened, Take Profit is at the 0/8 level of the daily chart. The forecast is still bearish.