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.

28.10.2013

Murray Math Lines 28.10.2013 (AUD/USD, CAD/CHF, SILVER)

Australian Dollar rebounded from the daily Super Trend twice; I still have one buy order. We can’t exclude a possibility that the price may break the maximum and enter an “overbought zone” during the week.
25.10.2013

Murray Math Lines 25.10.2013 (AUD/USD, CAD/CHF, SILVER)

Yesterday Australian Dollar reached the daily Super Trend and Take Profit on my sell order worked. After the pair rebounded from the Super Trend, I opened a buy order. We can’t exclude a possibility that the price may break the 8/8 level during the next several days.
24.10.2013

Murray Math Lines 24.10.2013 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar reached its main target at the 8/8 level; all six of my Take Profits worked. Right now, the pair is being corrected. During a local correction, I opened another buy order with the target at the daily Super Trend.
23.10.2013

Murray Math Lines 23.10.2013 (AUD/USD, GBP/CHF, SILVER)

Australian Dollar has almost reached its main target at the 8/8 level; the pair was just several pips shy. That’s why I usually place Take profit not at the exact level, but close to it. All six Take Profits worked and the price started a new correction.
22.10.2013

Murray Math Lines 22.10.2013 (AUD/USD, GBP/CHF, SILVER)

Australian Dollar is still consolidating; the bulls are supported by the H4 Super Trend. If the price is able to rebounds from the current levels, the pair will continue growing up towards the 8/8 one.
21.10.2013

Murray Math Lines 21.10.2013 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar continues moving upwards very fast. Last Friday, the price broke the 7/8 level and stayed above it. During a local correction, I opened one more buy order with the target at the 8/8 level; the pair is expected to reach this level during the next several hours.
18.10.2013

Murray Math Lines 18.10.2013 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar continues moving towards new maximums. After rebounding from the H4 Super Trend, the market reached the 7/8 level. During a local correction, I opened one more buy order with the target at the 8/8 level.
17.10.2013

Murray Math Lines 17.10.2013 (AUD/USD, GBP/CHF, SILVER)

At the H4 chart, the lines have squeezed. Australian Dollar rebounded from the Super Trend and right now is trying to enter an “overbought zone”. If later the pair breaks the +2/8 level, the lines at the chart will be redrawn.