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.

21.11.2012

Murray Math Lines 21.11.2012 (AUD/USD, EUR/JPY, SILVER)

After breaking the daily Super Trend’s line backwards, Australian Dollar is trying to start moving upwards. At the moment the pair is being corrected, but the bulls may try to break a local maximum within the next several hours. The short-term target is at the 8/8 level.
20.11.2012

Murray Math Lines 20.11.2012 (AUD/USD, NZD/JPY, SILVER)

Australian Dollar is trying to start growing up, the Super Trends’ lines moved into the “green zone”. At the moment a local correction is taking place, but the price may start moving upwards during the day. The short-term target is at the 4/8 level.
19.11.2012

Murray Math Lines 19.11.2012 (EUR/GBP, NZD/JPY, SILVER)

Last Friday the pair rebounded from the 4/8 level and the bears were able to keep the price below the Super Trends’ lines. In the future we can expect the pair to continue falling down. The target is at the 0/8 level.
16.11.2012

Murray Math Lines 16.11.2012 (USD/CAD, AUD/JPY, SILVER)

Canadian Dollar is trying to stay inside an “overbought zone”. The price rebounded from the H4 Super Trend’s line. Most likely, in the nearest future the market will start growing up again. After the pair breaks the +2/8 level, the lines at the chart will be redrawn.
15.11.2012

Murray Math Lines 15.11.2012 (NZD/USD, USD/CAD, GBP/CHF)

After rebounding from the H4 Super Trend’s line, the price started moving downwards. At the moment a local correction is taking place, so I’ve decided to open another sell order. The main target is at the 0/8 level.
14.11.2012

Murray Math Lines 14.11.2012 (NZD/USD, EUR/GBP, GBP/CHF)

Yesterday the pair rebounded from the H4 Super Trend’s line and right now is moving below the 4/8 level. If later the bears are able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one.
13.11.2012

Murray Math Lines 13.11.2012 (NZD/USD, USD/CAD, GBP/CHF)

The NZD/USD currency pair is being corrected in the middle of the chart, the bears are supported by the H4 Super Trend’s line. The price may continue falling down during the next several days. The target is at the 0/8 level.
12.11.2012

Murray Math Lines 12.11.2012 (NZD/USD, EUR/JPY, CAD/JPY)

The NZD/USD currency pair rebounded from the 8/8 level and the Super Trends’ lines formed “bearish cross”. Currently a local correction is taking place and I’ve decide to open a short-term sell order. The target for the next several days is at the 0/8 level.