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.

15.08.2013

Murray Math Lines 15.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Australian Dollar is starting a new ascending movement and moving above the H4 Super Trend again. We can’t exclude a possibility that the price may break a local maximum during the day. The main target is still at the 8/8 level.
14.08.2013

Murray Math Lines 14.08.2013 (AUD/USD, EUR/GBP, CAD/CHF)

Australian Dollar is still being corrected; the price is moving between the Super Trends. If the bulls are able to rebounds from the 5/8 level and break the H4 Super Trend, their next target will be at the 8/8 level.
13.08.2013

Murray Math Lines 13.08.2013 (AUD/USD, EUR/GBP, SILVER)

After rebounding from the 7/8 level, Australian Dollar started a deeper correction. Considering that at the daily chart the price rebounded from the 1/8 level, this correction may continue for a while. That’s why I’m buying again with the target at the 8/8 level.
12.08.2013

Murray Math Lines 12.08.2013 (AUD/USD, EUR/GBP, SILVER)

After rebounding from the 1/8 level, Australian Dollar started moving upwards very fast. My first Take Profit worked at the 7/8 level. I’m keeping my second order in case the price continues growing up towards the 8/8 level.
09.08.2013

Murray Math Lines 09.08.2013 (AUD/USD, EUR/GBP, SILVER)

It looks like after rebounding from the 1/8 level, Australian Dollar started moving upwards. Earlier the Super Trends formed “bullish cross”. During a local correction, I opened a buy order and then added one more. The target for both long positions is at the 7/8 level.
08.08.2013

Murray Math Lines 08.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Australian Dollar is still forming an ascending correction. However, it’s quite early to expect the trend change until the price is moving below the daily Super Trend. That’s why I’m keeping my pending sell order.
07.08.2013

Murray Math Lines 07.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Australian Dollar is still being corrected. Right now it’s quite risky to start selling, that’s why I’ve got only a pending order. If the instrument breaks the H4 Super Trend, the pair will continue falling down towards the 0/8 level.
06.08.2013

Murray Math Lines 06.08.2013 (AUD/USD, EUR/GBP, CAD/CHF)

After rebounding from the 1/8 level, Australian Dollar started a correction; the price is moving between the Super Trends. If the instrument rebounds from the 3/8 level and starts moving below the H4 Super Trend, the pair will continue falling down towards the 0/8 level.