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.

19.07.2013

Murray Math Lines 19.07.2013 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar rebounded from the 4/8 level and the daily Super Trend for the second time. If the market is able to keep the price below the 3/8 level, the pair will continue falling down. In this case, the target will be at the 0/8 level.
18.07.2013

Murray Math Lines 18.07.2013 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar was able to rebound from the daily Super Trend; the stop on my sell order is already in the black. 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.
17.07.2013

Murray Math Lines 17.07.2013 (AUD/USD, NZD/CHF, CAD/JPY)

Australian Dollar is still being corrected; the pair reached the 5/8 level and the daily Super Trend’s line. If the market rebounds from these levels, the price may start a new descending movement. The stop on my sell order is already in the black.
16.07.2013

Murray Math Lines 16.07.2013 (AUD/USD, CAD/CHF, EUR/GBP)

Australian Dollar is still being corrected between the Super Trends’ lines. If the price returns below the H1 ST, the pair will start a new descending movement. The target is still at the 0/8 level.
15.07.2013

Murray Math Lines 15.07.2013 (AUD/USD, CAD/CHF, AUD/JPY)

After rebounding from the 2/8 level, Australian Dollar started a correction. We can’t exclude a possibility that the bears may be supported by the H4 Super Trend’s line. If the sellers rebound from the line, I’ll increase my short positions.
12.07.2013

Murray Math Lines 12.07.2013 (AUD/USD, EUR/GBP, AUD/JPY)

The pair rebounded from the daily Super Trend’s line and the 4/8 level. If the bears are able to keep the price below the 3/8 level, the pair will continue falling down. The target is at the 0/8 level. During a correction, I opened one more sell order.
11.07.2013

Murray Math Lines 11.07.2013 (AUD/USD, GBP/CHF, AUD/JPY)

Australian Dollar is trying to rebound from the 4/8 level and the daily Super Trend’s line. If the pair succeeds, the bears will start a new descending movement. In this case, the target will be at the 0/8 level.
10.07.2013

Murray Math Lines 10.07.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still being corrected; right now, the market is moving between the Super Trends’ lines. If the price breaks the 3/8 level, the pair will continue falling down. The target is still at the 0/8 level.