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.

28.02.2013

Murray Math Lines 28.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)

Canadian Dollar started a more serious correction; the price is currently moving between the Super Trends’ lines. However, until the market is inside an ascending channel, the bulls have a good chance to start a new ascending movement. The target is at the +2/8 level.
27.02.2013

Murray Math Lines 27.02.2013 (USD/CAD, USD/CHF, EUR/GBP)

The market is trying to keep the price inside an “overbought zone”. We can’t exclude a possibility that the pair may try to test the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement towards the 8/8 level.
26.02.2013

Murray Math Lines 26.02.2013 (USD/CAD, USD/CHF, SILVER)

Several Take Profits worked at the 8/8 level and it looks like the bulls are not going to stop there. We can’t exclude a possibility that the buyers may enter an “overbought zone” on Tuesday. The short –term target is at the +2/8 level.
25.02.2013

Murray Math Lines 25.02.2013 (USD/JPY, GBP/CHF, AUD/JPY)

The USD/JPY currency pair is already moving inside an “overbought zone”. Earlier the price rebounded from the daily Super Trend’s line and the bulls started a new ascending movement. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.
22.02.2013

Murray Math Lines 22.02.2013 (USD/CAD, GBP/CHF, AUD/JPY)

Canadian Dollar is still being corrected, but the bulls are trying to start a new ascending movement. They are supported by the H4 Super Trend’s line. The main target is still at the 8/8 level.
21.02.2013

Murray Math Lines 21.02.2013 (USD/CAD, GBP/CHF, AUD/JPY)

Canadian Dollar continues moving upwards; the bulls are supported by the Super Trends’ lines. Most likely, the price will continue growing up during Thursday and the buyers will reach their main target at the 8/8 level.
20.02.2013

Murray Math Lines 20.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)

Canadian Dollar continues moving upwards; the price rebounded from the 6/8 level and started a local correction. Most likely, the price will be supported by the Super Trend’s line and start a new ascending movement towards the 8/8 level.
19.02.2013

Murray Math Lines 19.02.2013 (USD/CAD, GBP/CHF, EUR/JPY)

Canadian Dollar continues moving upwards; the bulls are supported by the Super Trends’ lines. Yesterday the market broke a local maximum and now is trying to keep the price above it. The main target is still at the 8/8 level.