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.

06.02.2013

Murray Math Lines 06.02.2013 (EUR/GBP, AUD/JPY, USD/CAD)

Yesterday the EUR/GBP currency pair started growing up again; the H4 Super Trend’s line is a support level. Most likely, the price will rebound from the line and continue moving upwards to reach the 8/8 level.
05.02.2013

Murray Math Lines 05.02.2013 (GBP/CHF, AUD/JPY, USD/CAD)

The GBP/CHF currency pair is still being corrected; the bears are supported by the H4 Super Trend’s line. Most likely, in the nearest future the price will break a local minimum and reach the 0/8 level.
01.02.2013

Murray Math Lines 01.02.2013 (GBP/CHF, CAD/JPY, USD/JPY)

Currently a local correction is taking place, which is supported by the H4 Super Trend’s line. Most likely, the price will start moving downwards again in the nearest future. The main target for the bears is the 0/8 level.
31.01.2013

Murray Math Lines 31.01.2013 (GBP/CHF, CAD/JPY, EUR/JPY)

The GBP/CHF currency pair is still moving downwards; the bears are supported by the Super Trends’ lines. The price is already moving below the 3/8 level, so we can expect it to continue falling down towards the 0/8 one.
30.01.2013

Murray Math Lines 30.01.2013 (NZD/USD, CAD/CHF, EUR/JPY)

New Zealand Dollar rebounded from the 4/8 level and the daily Super Trend’s line. Right now the bulls are trying to keep the price above the 5/8 level. If they succeed, the pair will continue growing up towards the 8/8 one.
29.01.2013

Murray Math Lines 29.01.2013 (USD/CAD, USD/JPY, EUR/JPY)

Canadian Dollar is still being corrected and this consolidation is supported by the H4 Super Trend’s line. If the pair rebounds from the current levels, the price will start a new ascending movement. The short-term target is at the 8/8 level.
28.01.2013

Murray Math Lines 28.01.2013 (AUD/USD, USD/CAD, GBP/JPY)

Australian Dollar continues moving downwards steadily; the Super Trends’ lines formed “bearish cross”. After completing a local correction, the market may start a new descending movement. The target is at the 0/8 level.
25.01.2013

Murray Math Lines 25.01.2013 (AUD/USD, AUD/JPY, EUR/GBP)

At the H4 chart we can see that the market was able to keep the price below the 3/8 level and the daily Super Trend’s line. We can’t exclude a possibility that the price may start a new descending movement during the day. The target for the bears is at the 0/8 level.