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.
20.06.2018
Murrey Math Lines 20.06.2018 (USDJPY, USDCAD)
In the H4 chart, USDJPY is expected to test the support at the 5/8 level.
19.06.2018
Murrey Math Lines 19.06.2018 (AUDUSD, NZDUSD)
As we can see in the H4 chart, the pair is expected to fall to reach the support at the 0/8 level.
18.06.2018
Murrey Math Lines 18.06.2018 (EURUSD, GBPUSD)
In the H4 chart, GBPUSD is expected to fall towards the support at the 0/8 level.
15.06.2018
Murrey Math Lines 15.06.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”.
14.06.2018
Murrey Math Lines 14.06.2018 (USDCHF, GOLD)
As we can see in the H4 chart, USDCHF has broken the 3/8 level and is no longer consolidating.
13.06.2018
Murrey Math Lines 13.06.2018 (USDJPY, USDCAD)
In the H4 chart, USDJPY is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling to reach the support at the 5/8 one.
12.06.2018
Murrey Math Lines 12.06.2018 (AUDUSD, NZDUSD)
As we can see in the H4 chart, the pair has broken the 5/8 level and may continue growing to reach the resistance at the 8/8 one.
11.06.2018
Murrey Math Lines 11.06.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD has broken the 0/8 level and is no longer trading inside the “oversold zone”.