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.
27.12.2018
Murrey Math Lines 27.12.2018 (USDCHF, GOLD)
In the H4 chart, USDCHF is expected to continue falling into the “oversold zone” to reach the -1/8 level.
26.12.2018
Murrey Math Lines 26.12.2018 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
24.12.2018
Murrey Math Lines 24.12.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is trading above the 5/8 level and may resume growing towards the resistance at the 7/8 one.
21.12.2018
Murrey Math Lines 21.12.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD has rebounded from the resistance at the 8/8 level and may resume falling towards the 5/8 one.
20.12.2018
Murrey Math Lines 20.12.2018 (USDCHF, GOLD)
In the H4 chart, USDCHF is expected to break the 2/8 level and then continue growing to reach the resistance at the 5/8 one.
19.12.2018
Murrey Math Lines 19.12.2018 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is trading inside the “oversold zone”.
18.12.2018
Murrey Math Lines 18.12.2018 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD may break the 6/8 level and then continue growing towards the resistance at the 7/8 one.