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.
16.04.2012
The EUR/GBP currency pair continues falling down inside an “oversold zone”, the pair reached a new local minimum during the market opening. During the next several days we can expect the price to break the -2/8 level, and after it does, the lines at the chart will be redrawn.
13.04.2012
The EUR/GBP currency pair is still consolidating inside an “oversold zone”, the bears haven’t been able to break the -1/8 level yet. The local correction may continue for a while, but after that we can expect the price to start falling down again.
12.04.2012
The EUR/GBP currency pair has been consolidating inside an “oversold zone” near the -1/8 level over the last several days. The chart structure indicates that the descending movement will continue. We can’t exclude a possibility that the price may break the -2/8 level in the nearest future, and the lines at the chart will be redrawn.
11.04.2012
Franc has been consolidating over the last couple of days, the correction is supported by the 6/8 level and the H4 Super Trend’s line. Most likely, one of these days the price will start moving upwards again. The target for the bears is the 8/8 level.
10.04.2012
Australian Dollar is being corrected below the 4/8 level. Most likely, it’s just another correction inside the current down-trend. The target level is the 0/8 one, but in order to reach it the bears have to break the 3/8 level and stay below it.
09.04.2012
The EUR/GBP currency pair is moving inside an “oversold zone” and trying to break the -1/8 level. Most likely, the price will continue falling down after Easter holidays in Europe are finished. During this week we can expect the pair to break the -2/8 level and the lines at the chart will be redrawn.
06.04.2012
The EUR/GBP currency pair fixed itself below the 0/8 level and continues moving inside an “oversold zone”. Most likely, the price will continue falling down in the nearest future. There is a possibility that in the beginning of the next week the pair may break the -2/8 level and the lines at the chart will be redrawn.
05.04.2012
It took the pair several attempts to finally break the 0/8 level and enter an “oversold zone”. Now we can expect the price to start moving inside the descending trend. After the market breaks the -2/8 level, the lines at the chart will be redrawn.
