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.

02.07.2013

Murray Math Lines 02.07.2013 (AUD/USD, GBP/CHF, EUR/GBP)

Australian Dollar is still being corrected. We can’t exclude a possibility that the bulls may try to test the 4/8 level. If the market rebounds from this level, the pair will continue falling down towards the 0/8 one.
01.07.2013

Murray Math Lines 01.07.2013 (AUD/USD, GBP/CHF, EUR/JPY)

Australian Dollar is consolidating; the bears are supported by the H4 Super Trend’s line. 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.
28.06.2013

Murray Math Lines 28.06.2013 (AUD/USD, GBP/CHF, CAD/JPY)

Australian Dollar is still being corrected in the middle of the chart; the bears are supported by the Super Trend’s line. If the market is able to break the 3/8 level and then keep the price below it, the pair will continue falling down towards the 0/8 one.
27.06.2013

Murray Math Lines 27.06.2013 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is trying to leave an “oversold zone”, but right now it’s not quite clear if will succeed or not. If the market breaks the 0/8 level, the pair will start a new descending movement. The first target for the bears will be the -2/8 level. If the price breaks it, the lines at the chart will be redrawn.
26.06.2013

Murray Math Lines 26.06.2013 (AUD/USD, EUR/GBP, CAD/JPY)

Australian Dollar is still consolidating; the bears are supported by the H4 Super Trend’s line and the 0/8 level. If the price rebounds from these levels, the pair will start a new descending movement. The first target for the sellers will be at -2/8 level.
25.06.2013

Murray Math Lines 25.06.2013 (AUD/USD, EUR/GBP, CAD/JPY)

Australian Dollar started a correction; the bears are supported by the H4 Super Trend’s line and the 6/8 level. If the price rebounds from these levels, the pair will start a new descending movement towards the 4/8 one.
24.06.2013

Murray Math Lines 24.06.2013 (AUD/USD, GBP/CHF, SILVER)

The pair is consolidating below the 6/8 level; the bears are supported by the Super Trend’s line. I’ve already moved the stop into the black. The target is still at the 4/8 level.
21.06.2013

Murray Math Lines 21.06.2013 (AUD/USD, GBP/CHF, SILVER)

Australian Dollar is consolidating a bit below the 6/8 level; the bears are supported by the Super Trend’s line. In the future the pair is expected to continue falling down towards the 4/8 level, that’s why I opened a sell order during a correction.