Forex Murrey math lines and forecasts

One of the classic approaches to the 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.

13.11.2019

Murrey Math Lines 13.11.2019 (USDJPY, USDCAD)

USDJPY is correcting towards 5/8, while USDCAD may fall to reach 3/8.
12.11.2019

Murrey Math Lines 12.11.2019 (AUDUSD, NZDUSD)

AUDUSD is still moving inside the “overbought area”, while NZDUSD may test the support at 7/8.
11.11.2019

Murrey Math Lines 11.11.2019 (EURUSD, GBPUSD)

EURUSD is consolidating, while GBPUSD continues moving downwards to reach 3/8.
08.11.2019

Murrey Math Lines 08.11.2019 (EURUSD, GBPUSD)

EURUSD is expected to correct towards 6/8, while GBPUSD may continue moving downwards.
07.11.2019

Murrey Math Lines 07.11.2019 (USDCHF, GOLD)

USDCHF is trading towards 7/8, while XAUUSD is still consolidating.
06.11.2019

Murrey Math Lines 06.11.2019 (USDJPY, USDCAD)

USDJPY may reach the “overbought area”, while USDCAD is heading towards 5/8.
05.11.2019

Murrey Math Lines 05.11.2019 (AUDUSD, NZDUSD)

Both AUDUSD and NZDUSD are still moving inside the “overbought area”.
04.11.2019

Murrey Math Lines 04.11.2019 (EURUSD, GBPUSD)

EURUSD may fall towards the support at 5/8, while GBPUSD is still growing to reach the target at 8/8.