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.

08.10.2012

Murray Math Lines 08.10.2012 (NZD/JPY, GBP/CHF, SILVER)

The bears are trying to break the daily Super Trend’s line. If they are able to keep the price below the 3/8 level, the pair will continue moving downwards. In case of a local correction, I’ll open one more sell order.
05.10.2012

Murray Math Lines 05.10.2012 (NZD/USD, GBP/CHF, SILVER)

Yesterday New Zealand Dollar rebounded from the 6/8 level one more time. Right now the bulls are trying to keep the price above the Super Trends’ lines. If they succeed, the pair will continue growing up. After the pair breaks the +2/8 level, the lines at the chart will be redrawn.
04.10.2012

Murray Math Lines 04.10.2012 (NZD/JPY, GBP/CHF, SILVER)

At the H4 chart the NZD/JPY currency pair is moving between the Super Trends’ lines. Earlier the price rebounded from the 8/8 level. If the pair rebounds from the current levels, the price will start falling down towards the 0/8 one.
03.10.2012

Murray Math Lines 03.10.2012 (CAD/JPY, EUR/GBP, SILVER)

The CAD/JPY is still being corrected below the daily Super Trend’s line. If the bears are able to keep the price below the 3/8 level, the pair will continue moving downwards. The target for the sellers is at the 0/8 level.
02.10.2012

Murray Math Lines 02.10.2012 (CAD/JPY, EUR/GBP, SILVER)

The CAD/JPY currency pair is being corrected, the price has got very close to the 4/8 level. Earlier the Super Trends’ lines formed “bearish cross”. If the market rebounds from the current levels, the price will start falling down towards the 0/8 one.
01.10.2012

Murray Math Lines 01.10.2012 (NZD/USD, EUR/GBP, SILVER)

After rebounding from the 6/8 level, the market entered an “overbought zone” once again. Now the bulls have to keep the price above the 8/8 level and the H4 Super Trend’s line. Later, the pair may break the +2/8 level and the lines at the chart will be redrawn.
28.09.2012

Murray Math Lines 28.09.2012 (NZD/USD, EUR/GBP, SILVER)

After rebounding from the daily Super Trend’s line, the market entered an “overbought zone”. Most likely, in the nearest future the price will continue growing up. If the pair breaks the +2/8 level, the lines at the chart will be redrawn.
27.09.2012

Murray Math Lines 27.09.2012 (USD/CHF, EUR/JPY, SILVER)

The Super Trends formed “bullish cross” and the market is moving above the indicators’ lines. We can’t exclude a possibility that the price may continue growing up in the nearest future. The target for the buyers for the next several days is the 4/8 level.