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.

21.05.2012

Murray Math Lines 21.05.2012 (USD/JPY, GBP/JPY, SILVER)

After rebounding from the daily Super Trend’s line last week, the USD/JPY currency pair continues falling down. Currently the correction is taking place, which was started at the 5/8 level may be finished within the next several days. After that we can expect the price to continue falling down towards the 4/8 level.
18.05.2012

Murray Math Lines 18.05.2012 (USD/JPY, USD/CAD, AUD/USD)

After rebounding from the 3/8 level, the market continued moving downwards and broke the local minimum. The forecast of the price movement is still bearish. The short-term target is at the 0/8 level.
17.05.2012

Murray Math Lines 17.05.2012 (GBP/JPY, EUR/GBP, CAD/JPY)

The price has entered an “oversold zone” once again, thus allowing me to move the stop on sell order into the black. The bears are supported by the H4 Super Trend’s line. In the nearest future the pair may break the -2/8 level and the lines at the chart will be redrawn.
16.05.2012

Murray Math Lines 16.05.2012 (USD/CAD, AUD/USD, EUR/JPY)

Canadian Dollar was able to stay below the 5/8 level, thus indicating that the price may continue growing up towards the 8/8 one. That’s why I’ve decided to open a short-term buy order today. In the near term, we can expect a slight correction, but then the price may start moving upwards again.
15.05.2012

Murray Math Lines 15.05.2012 (USD/JPY, EUR/GBP, CAD/JPY)

The USD/JPY currency pair is moving below the 3/8 level. Yesterday the correction started from the 2/8 level. There is a possibility that the price may test the daily Super Trend’s line, and if it rebounds from the line, the descending trend will continue. The target for the bears is at the 0/8 level.
14.05.2012

Murray Math Lines 14.05.2012 (AUD/USD, EUR/JPY, GBP/CHF)

Australian Dollar continues falling down towards the 0/8 level steadily, the bears are supported by the H4 Super Trend’s line. The pair broke the 2/8 level after the market opening on Monday morning. The price may reach the target level within the next several days.
11.05.2012

Murray Math Lines 11.05.2012 (NZD/USD, EUR/GBP, GBP/JPY)

After rebounding from the H4 Super Trend, New Zealand Dollar is trying to break the 0/8 level, which has already been tested on all major time frames. The price may continue falling down towards the -2/8 level. If the price breaks this level, the lines at the chart will be redrawn.
10.05.2012

Murray Math Lines 10.05.2012 (AUD/USD, EUR/JPY, CAD/JPY)

Australian Dollar is being corrected below the 3/8 level, and it is a signal that the descending may continue. The bears are supported by the H4 Super Trend’s line. In the near term, the price may start falling down again. The target is at the 0/8 level.