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.
05.12.2018
Murrey Math Lines 05.12.2018 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY has rebounded from the support at the 5/8 level and may resume growing towards the resistance at the 7/8 one.
04.12.2018
Murrey Math Lines 04.12.2018 (AUDUSD, NZDUSD)
As we can see in the H4 chart, AUDUSD is trading inside the “overbought zone”.
30.11.2018
Murrey Math Lines 30.11.2018 (EURUSD, GBPUSD)
In the H4 chart, GBPUSD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
29.11.2018
Murrey Math Lines 29.11.2018 (USDCHF, GOLD)
In the H4 chart, USDCHF is trading below the 3/8 level and may continue falling to reach the support at the 0/8 one.
28.11.2018
Murrey Math Lines 28.11.2018 (USDJPY, USDCAD)
In the H4 chart, USDJPY is expected to continue growing into the “overbought zone” towards the +1/8 level.
27.11.2018
Murrey Math Lines 27.11.2018 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD is trading close to the 5/8 level and may fall towards the support at the 3/8 one.
26.11.2018
Murrey Math Lines 26.11.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD couldn’t break the 3/8 level last Friday and right now is trading below it.
23.11.2018
Murrey Math Lines 23.11.2018 (EURUSD, GBPUSD)
In the H4 chart, EURUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.