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.

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.
09.07.2013

Murray Math Lines 09.07.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar started a correction. If the price rebounds from the 3/8 level, the pair may start a new descending movement. The target for the bears is still at the 0/8 level.
08.07.2013

Murray Math Lines 08.07.2013 (AUD/USD, GBP/CHF, EUR/JPY)

Australian Dollar is still moving downwards. After rebounding from the 3/8 level twice, the pair almost reached a local minimum. Most likely, the market will reach the 0/8 level during the week. If later the bulls are able to rebound from this level, the pair may start a new correction.
05.07.2013

Murray Math Lines 05.07.2013 (AUD/USD, GBP/CHF, EUR/JPY)

After rebounding form the 2/8 level, the pair started a correction. Right now, the market is moving close to the H4 Super Trend’s line. I’m planning to place a limit order after a correction. The target is still at the 0/8 level.
04.07.2013

Murray Math Lines 04.07.2013 (AUD/USD, EUR/GBP, AUD/JPY)

Australian Dollar continues falling down; the bears were able to keep the price below the H4 Super Trend’s line and the 3/8 level. Now the target for them is the 0/8 level, which may later become a starting point of a new correction.
03.07.2013

Murray Math Lines 03.07.2013 (AUD/USD, EUR/GBP, EUR/JPY)

Australian Dollar continues falling down; the bears are supported by the Super Trends’ lines. The price is already moving below the 3/8 level, which means that it may continue falling down towards the 0/8 one.