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.
29.05.2019
Murrey Math Lines 29.05.2019 (USDJPY, USDCAD)
USDJPY is again trading close to the “oversold area”. In case of USDCAD, bears should “throw in the towel”.
28.05.2019
Murrey Math Lines 28.05.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, market players have been able not only to prevent AUDUSD from falling, but also attempted to push it upwards.
27.05.2019
Murrey Math Lines 27.05.2019 (EURUSD, GBPUSD)
EURUSD may need a slight correction, while GBPUSD is looking to test 1.2878.
24.05.2019
Murrey Math Lines 24.05.2019 (EURUSD, GBPUSD)
EURUSD is about to reverse. It’s too late to sell GBPUSD and too scary to buy.
22.05.2019
Murrey Math Lines 22.05.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY has reached the target at the 3/8 level, just as expected.
21.05.2019
Murrey Math Lines 21.05.2019 (AUDUSD, NZDUSD)
As we can see in the H4 chart, AUDUSD is trading below the 3/8 level and may continue falling to reach the support at the 0/8 one.
20.05.2019
Murrey Math Lines 20.05.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, GBPUSD has almost reached the target at the 0/8 level, which we discussed last Friday.