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.

24.01.2013

Murray Math Lines 24.01.2013 (NZD/USD, EUR/GBP, GBP/CHF)

New Zealand Dollar started a new correction. There is a possibility that the bulls may be supported by the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement. The main target is still at the 8/8 level.
23.01.2013

Murray Math Lines 23.01.2013 (NZD/USD, EUR/GBP, SILVER)

New Zealand Dollar is moving above the H4 Super Trend’s line; it looks like the bulls are going to break a local maximum. The main target for the next several days is at the 8/8 level, which later may become a starting point of a correction.
22.01.2013

Murray Math Lines 22.01.2013 (NZD/USD, GBP/CHF, SILVER)

New Zealand Dollar is trying to start a new ascending movement; the price is already moving above the H4 Super Trend’s line. We can’t exclude a possibility that the pair may break a local maximum within the next several days. The target for the bulls is at the 8/8 level.
21.01.2013

Murray Math Lines 21.01.2013 (AUD/JPY, GBP/CHF, SILVER)

The AUD/JPY currency pair continues moving upwards; the bulls are supported by the H4 Super Trend’s line. Earlier the price rebounded from the 2/8 level, that’s why the next target for the buyers is at the 6/8 one.
19.01.2013

Murray Math Lines for 2013 (GBP/USD, AUD/USD, CAD/JPY)

The GBP/USD currency pair has been forming triangle pattern for several years. In classic technical analysis this pattern is usually followed by a new movement inside the main trend. According to Murray Math Lines, the pair is consolidating in the channel between the 5/8 and 3/8 levels. 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.
18.01.2013

Murray Math Lines 18.01.2013 (CAD/JPY, NZD/JPY, EUR/GBP)

The market is consolidating a bit above the 6/8 level; the bulls are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may continue moving upwards in the nearest future. The main target is at the 8/8 level.
17.01.2013

Murray Math Lines 17.01.2013 (EUR/JPY, NZD/USD, SILVER)

The price left an “overbought zone” and started a correction. The bears’ first attempt to break the daily Super Trend’s line failed. WE can’t exclude a possibility that the pair may try to test the 8/8 level during the next several hours. If the market rebounds from this level, the price will start a new descending movement.
16.01.2013

Murray Math Lines 16.01.2013 (USD/CAD, NZD/USD, GBP/CHF)

Canadian Dollar is still consolidating; the bears are supported by the H4 Super Trend’s line. More to that, the market hasn’t tried to test the 2/8 level yet, which means that the price may start a new descending movement. In the nearest future the pair may break the -2/8 level and the lines at the chart will be redrawn.