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.

13.11.2013

Murray Math Lines 13.11.2013 (AUD/USD, EUR/JPY, SILVER)

Yesterday market reached the 0/8 level and rebounded from it. Take Profits worked and closed all my sell orders. Most likely, in the nearest future pair will start local correction, at least. If later price is able to rebound from H4 Super Trend, market will start new descending movement.
12.11.2013

Murray Math Lines 12.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar continues moving downwards. Right now, market is trying to break the 1/8 level and may reach the 0/8 one in the nearest future. If later pair rebounds from the 0/8 level, price may start new correction.
11.11.2013

Murray Math Lines 11.11.2013 (AUD/USD, GBP/CHF, SILVER)

After rebounding from Super Trends, Australian Dollar continued moving downwards. Right now, market is consolidating and I’ve decided to open another sell order. Main target is still at the 0/8 level.
08.11.2013

Murray Math Lines 08.11.2013 (AUD/USD, GBP/CHF, SILVER)

Australian Dollar is trying to start new descending movement; H4 Super trend is support. If later bears are able to keep price below the 3/8 level, pair will continue falling down towards the 0/8 one.
07.11.2013

Murray Math Lines 07.11.2013 (AUD/USD, EUR/GBP, SILVER)

It looks like Australian Dollar is about to stop correction; pair has already rebounded from the H4 Super Trend. If bears are able to keep price below the 3/8 level, pair will continue falling down towards the 0/8 one.
01.11.2013

Murray Math Lines 01.11.2013 (AUD/USD, NZD/JPY, SILVER)

Yesterday Australian Dollar rebounded from the H4 Super Trend and right now is being corrected below it. In this situation, the price is more likely to continue moving downwards that start a new ascending movement. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.
31.10.2013

Murray Math Lines 31.10.2013 (AUD/USD, GBP/CHF, SILVER)

Australian Dollar is trying to rebound from the channel’s lower border. I opened a short-term sell order, but it’s quite risky, because the price is still moving below the Super Trends. I’ll increase my position right as soon as the pair breaks the daily Super Trend.
30.10.2013

Murray Math Lines 30.10.2013 (AUD/USD, CAD/CHF, SILVER)

Australian Dollar is still being corrected. There is a possibility that the pair may start a new ascending movement as long as it is staying inside the ascending channel. However, one is not recommended to start trading until the market keeps the price above the Super Trends.