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.

05.08.2013

Murray Math Lines 05.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Australian Dollar continues moving downwards; the bears are supported by the Super Trends. The price is already moving below the 1/8 level. Most likely, during the next several hours the instrument will reach the 0/8 level, which may later become a starting point of a new correction.
02.08.2013

Murray Math Lines 02.08.2013 (AUD/USD, NZD/JPY, CAD/CHF)

Australian Dollar continues moving downwards; the price is supported by the Super Trends. The market has already broken the 1/8 level and may continue falling down. The main target for the bears is at the 0/8 level.
01.08.2013

Murray Math Lines 01.08.2013 (AUD/USD, EUR/JPY, CAD/CHF)

Australian Dollar is moving inside an “oversold zone”; the bears are supported by the Super Trend. Most likely, during the next several hours, the price will break the -2/8 level and the lines at the chart will be redrawn.
31.07.2013

Murray Math Lines 31.07.2013 (AUD/USD, CAD/JPY, CAD/CHF)

The third rebound from the 4/8 level and the daily Super Trend was a very strong signal for the bears. They were able to keep the price below the 3/8 level, which means that the pair may continue falling down. The target is still at the 0/8 level.
30.07.2013

Murray Math Lines 30.07.2013 (AUD/USD, EUR/GBP, GBP/CHF)

After rebounding from the 4/8 level and the daily Super Trend for the third time, Australian Dollar started moving upwards. The price has already broken the 3/8 level, which means that it may continue falling won. The main target for the bears is at the 0/8 level.
29.07.2013

Murray Math Lines 29.07.2013 (AUD/USD, EUR/GBP, CAD/CHF)

Australian Dollar is making the third attempt to rebound from the 4/8 level and the daily Super Trend. During the previous correction, I opened a sell order; the stop is already in the black. Now the bears have to keep the price below the H4 Super Trend.
26.07.2013

Murray Math Lines 26.07.2013 (NZD/JPY, EUR/GBP, CAD/CHF)

The pair is being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the line, the market will start a new ascending movement towards the 8/8 level.
25.07.2013

Murray Math Lines 25.07.2013 (AUD/USD, NZD/JPY, GBP/CHF)

Australian Dollar was able to rebound from the 4/8 level and the daily Super Trend again. Now the bears have to keep the price below the 3/8 level. If they succeed, the pair will continue falling down towards the 0/8 level.