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.

12.03.2013

Murray Math Lines 12.03.2013 (USD/CAD, AUD/USD, EUR/JPY)

Canadian Dollar is still consolidating; the bulls are supported by the 8/8 level. If the price rebounds from this level, the pair will start growing up again. After the market breaks the +2/8 level, the lines at the chart will be redrawn.
11.03.2013

Murray Math Lines 11.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)

The pair rebounded from the 8/8 level several times; during a local correction I opened a new buy order. Most likely, in the nearest future, the price will continue moving upwards inside an “overbought zone”. The target for the next several hours is +2/8.
08.03.2013

Murray Math Lines 08.03.2013 (USD/CAD, GBP/CHF, AUD/JPY)

The pair rebounded twice from the 8/8 level and started moving upwards again; the bulls are supported by the H4 Super Trend’s line. Later, the price is expected to break the +2/8 level; in this case the lines at the chart will be redrawn.
07.03.2013

Murray Math Lines 07.03.2013 (USD/CAD, GBP/CHF, EUR/JPY)

Canadian Dollar rebounded from the 8/8 level, just as I expected; right now the price is still moving inside an “overbought zone”. Most likely, the pair will start growing up again. After the price breaks the +2/8 level, the lines at the chart will be redrawn.
06.03.2013

Murray Math Lines 06.03.2013 (USD/CHF, GBP/CHF, SILVER)

Franc is still being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the current levels, the pair will continue growing up towards the 8/8 one.
05.03.2013

Murray Math Lines 05.03.2013 (USD/CAD, USD/CHF, EUR/GBP)

Canadian Dollar is still being corrected; at the H4 chart the price is testing the 8/8 level. If the market rebounds from this level, the pair will start a new ascending movement. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.
04.03.2013

Murray Math Lines 04.03.2013 (USD/CAD, GBP/CHF, SILVER)

Canadian Dollar continues moving upwards. At the daily chart we can see that the bulls broke the 4/8 level. If later they are able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.
01.03.2013

Murray Math Lines 01.03.2013 (USD/CAD, EUR/GBP, SILVER)

The market couldn’t keep the price below the H4 Super Trend’s line and the pair is moving inside an “overbought zone” again. The short-term target is at the +2/8 level. If the price breaks this level, the lines at the chart will be redrawn.