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.

25.11.2013

Murray Math Lines 25.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still moving downwards; bears are supported by Super Trends. If later price is able to stay below the 3/8 level, pair may continue falling down towards the 0/8 one.
22.11.2013

Murray Math Lines 22.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar successfully entered “oversold zone”; possibly, price may reach new minimums during Friday. If pair breaks the -2/8 level, lines at the chart will be redrawn.
21.11.2013

Murray Math Lines 21.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar couldn’t break weekly Super Trend and started falling down again; price got very close to the 0/8 level. Possibly, pair may enter “oversold zone” on Thursday.
20.11.2013

Murray Math Lines 20.11.2013 (AUD/USD, EUR/JPY, SILVER)

Bulls took control and broke local maximum yesterday. The only thing that is slowing them down is weekly Super Trend. If they break it, price will continue growing up towards the 4/8 level.
19.11.2013

Murray Math Lines 19.11.2013 (AUD/USD, EUR/JPY, SILVER)

It looks like Australian Dollar is starting new descending movement; pair is moving near H4 Super Trend. If market is able to keep price below it, bears will return.
18.11.2013

Murray Math Lines 18.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected; price has already reached upper border of descending channel. If pair rebounds from the 2/8 level, instrument continue moving downwards and reach the -2/8 one.
15.11.2013

Murray Math Lines 15.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected; price wasn’t able to stay above H4 Super Trend, which means that it may continue moving downwards. This is why during local correction I opened short-term sell order with stop at daily Super Trend.
14.11.2013

Murray Math Lines 14.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar started deeper and more serious correction. Price broke H4 Super Trend and right now is moving above it. During local pullback, I opened short-term buy order with target at the 2/8 level.