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.
06.09.2012
The local correction is taking place, the bears are supported by the H4 Super Trend’s lines. If the market rebounds from the current levels, the price will continue moving downwards. The main target is at the 0/8 level.
05.09.2012
New Zealand Dollar is still moving downwards, the bears are supported by the H4 Super Trend. Taking into consideration the fact that the price is below the 3/8 level, we can expect it to continue falling down towards the 0/8 one.
04.09.2012
The GBP/CHF currency pair continues moving near the border of an “oversold zone”. The current consolidation indicates that the price may continue falling down. The closest target for the bears is the 2/8 level.
03.09.2012
The bears’ first attempt to enter an “oversold zone” failed. We can’t exclude a possibility that after the local correction is finished, the price may continue moving downwards. The closest target for the next several days is the -2/8 level.
31.08.2012
Australian Dollar is still falling down. We can expect the price to continue moving downwards during Friday, the main target remains at the 0/8 level. Later this level may become a starting point of the correction.
30.08.2012
Australian Dollar continues falling down. After rebounding from the Super Trend’s line, the bears have moved very close to the 1/8 level and may break it during the next several days. The main target is still at the 0/8 level.
29.08.2012
Australian Dollar continues moving inside the descending trend. At the moment the pair is being corrected, that’s why I’ve decided to place a limit sell order a bit above the local maximum. The main target is still at the 0/8 level.
28.08.2012
Australian Dollar continues moving downwards. At the moment the correction is taking place, which is supported by the Super Trend’s line. If the price rebounds from the current levels, the pair will continue falling down towards the 4/8 one.
