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.

18.10.2012

Murray Math Lines 18.10.2012 (AUD/USD, AUD/JPY, GBP/CHF)

Yesterday the Super Trends’ lines formed “bullish cross”, the market is trying to keep the price above the 2/8 level. Later the pair is expected to continue growing up towards the 4/8 level. If the bulls break it, the price may move much higher.
17.10.2012

Murray Math Lines 17.10.2012 (USD/CAD, GBP/CHF, SILVER)

Canadian Dollar is trying to start moving upwards, the bulls got very close to a local maximum and may break it during the day. The Super Trends’ lines formed “bullish cross”. The short-term target is at the 8/8 level.
16.10.2012

Murray Math Lines 16.10.2012 (EUR/JPY, NZD/USD, GBP/CHF)

It looks like the pair is going to test the 8/8 level once again. If the price rebounds from the level, the pair will start moving downwards again. The bears may return to the market if the market keeps the price below the Super Trends’ lines.
15.10.2012

Murray Math Lines 15.10.2012 (EUR/JPY, NZD/USD, GBP/CHF)

The EUR/JPY currency pair is still being corrected, the Super Trends’ lines are moving in parallel. If the bears are able to keep the price above the lines, the market will continue moving downwards. The target is at the 0/8 level.
12.10.2012

Murray Math Lines 12.10.2012 (EUR/JPY, NZD/USD, SILVER)

Lacking several tens of pips to reach the 8/8 level, the pair started moving downwards, reached the 4/8 one and then started a corrective movement. If the bears are above to keep the price below the Super Trends’ lines, the market will continue falling down. The target is at the 0/8 level.
11.10.2012

Murray Math Lines 11.10.2012 (NZD/JPY, USD/CHF, SILVER)

The NZD/JPY currency pair is trying to start moving downwards, the bears are supported by the Super Trends’ lines. If the price rebounds from the current levels, the pair will continue falling down towards the 0/8 one.
10.10.2012

Murray Math Lines 10.10.2012 (EUR/JPY, USD/CHF, SILVER)

After rebounding from the 7/8 level, the pair is moving downwards. The Super Trends’ lines formed “bearish cross”. Most likely, the price will continue falling down during the week. We can’t exclude a possibility that the pair may break the 4/8 level.
09.10.2012

Murray Math Lines 09.10.2012 (EUR/JPY, USD/CHF, SILVER)

After rebounding from the 7/8 level, the pair is moving between the Super Trends’ lines. If the bears are able to keep the price below the daily Super trend, the pair will continue moving downwards. After the price breaks a local minimum I’ll move the stop into the black.