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.

30.04.2012

Murray Math Lines 30.04.2012 (EUR/GBP, AUD/JPY, GBP/JPY)

The market was opened with a small gap down on Monday morning, the price continues falling down quite fast, and this movement is supported by the Super Trends’ lines. The target level for the next several days is the 4/8 one.
27.04.2012

Murray Math Lines 27.04.2012 (USD/CAD, AUD/JPY, GBP/JPY)

The market is less than 100 pips away from the target level, the 0/8 one. The pair wasn’t able to stay above the Super Trend’s line, that’s why in the nearest future the market will continue moving downwards. The price may reach a new local minimum within the next several days.
26.04.2012

Murray Math Lines 26.04.2012 (USD/CAD, EUR/GBP, GBP/CHF)

Canadian Dollar continues moving downwards quite fast. The market is moving below the 3/8 level, thus indicating that it may continue falling down towards the 0/8 level. We can’t exclude a possibility that the market may reach the target level by the end of the week.
25.04.2012

Murray Math Lines 25.04.2012 (USD/CAD, EUR/GBP, SILVER)

After rebounding from the daily Super Trend’s line, Canadian Dollar reached a new local minimum. I keep holding two sell orders. If the market stays below the 3/8 level, the price will continue falling down towards the 0/8 one.
24.04.2012

Murray Math Lines 24.04.2012 (GBP/JPY, EUR/GBP, AUD/JPY)

At the H1 chart the price has left an “overbought zone”, but currently the market is again testing the 8/8 level and the H4 Super Trend’s line. It looks like the market is going to rebound from these levels. If it does, the correction may continue up to the 6/8 level, where Take Profit on short-term sell order is placed.
23.04.2012

Murray Math Lines 23.04.2012 (USD/CAD, EUR/GBP, AUD/USD)

Several days ago Canadian Dollar rebounded from the daily Super Trend’s line, but it didn’t seem to be enough for the bulls. The price may test this level one more time, and if it rebounds again, the market will start moving towards the 0/8 level.
20.04.2012

Murray Math Lines 20.04.2012 (NZD/JPY, EUR/GBP, AUD/USD)

After rebounding from the 0/8 level, the NZD/JPY currency pair is moving above the H4 Super Trend’s line. Most likely, in the nearest future the price will grow up towards the 4/8 level. The daily Super Trend is a bit above this level, and it will be a serious problem for the bears.
19.04.2012

Murray Math Lines 19.04.2012 (USD/CAD, EUR/GBP, AUD/USD)

It looks like Canadian Dollar is trying to stop the consolidation, which has taken place over the last 24 hours. Earlier the Super Trends’ lines have formed “bearish cross”. The short-term target is the 0/8 level, the market may reach it within the next several days.