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.

05.08.2011

Murray Math Lines 05.08.2011 (GPB/CHF, USD/CHF, GPB/JPY)

In case of the GPB/CHF currency pair we can see that down-trend continues, bears are supported by H4 Super Trend. The market is trying to break the 3/8 level. If the price is able to fix itself below this level, it will continue moving downwards to the 0/8 level.
04.08.2011

Murray Math Lines 04.08.2011 (GPB/JPY, USD/CHF, GOLD)

The cross exceeded the target from our last forecast several times. Daily Super Trend, which has been supporting the price for the last several months, has been broken. Weekly Super Trend is next. If it isn’t able to slow down bulls, the price may continue growing up to the 8/8 level.
03.08.2011

Murray Math Lines 03.08.2011 (EUR/JPY, GBP/CHF, GOLD)

The price stopped falling at the 2/8 level. Since this level is quite weak and reverses hardly ever occur here, down-trend may continue after a local correction. The target for bears is the 0/8 level.
02.08.2011

Murray Math Lines 02.08.2011 (AUD/USD, GBP/JPY, USD/CHF)

The correction continues. Bears are slowed down by daily Super Trend and the channel’s lower border. If the price rebounds from these levels, up-trend will be able to continue its movement. The target is still the 8/8 level.
02.08.2011

Murray Math Lines 01.08.2011 (USD/CHF, AUD/USD, GOLD)

As we expected, after the price had broken the -2/8 level, the lines at the 4 chart were redrawn. The market was several dozens of pips short to reach the 0/8 level. Most likely, after a slight correction, the market will retry to reach the level.
29.07.2011

Murray Math Lines 29.07.2011 (GBP/JPY, USD/CHF, GBP/CHF)

After falling to the 2/8 level, the market allowed me to move stop on sell order into the black, thus helping to avoid any risks on the trade. In the near term, we can expect the price to continue moving downwards and reach new minimum.
28.07.2011

Murray Math Lines 28.07.2011 (USD/CHF, GBP/JPY, GOLD)

The price wasn’t able to break the -1/8 level at the H4 chart. However, if we take into account the lines at the daily chart, continuation of down-trend will be the main scenario for the USD/CHF currency pair. If the price breaks the -2/8 level, the lines will be redrawn.
27.07.2011

Murray Math Lines 27.07.2011 (USD/CHF, GBP/JPY, GOLD)

After breaking and fixing itself below the 1/8 level at the daily chart, the price keeps moving towards the 0/8 level, where Take Profit on sell orders is. The market may reach this level during the week.