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.
30.05.2018
Murrey Math Lines 30.05.2018 (USDJPY, USDCAD)
In the H4 chart, USDCAD is expected to test the resistance at the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 one.
29.05.2018
Murrey Math Lines 29.05.2018 (AUDUSD, NZDUSD)
In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels.
28.05.2018
Murrey Math Lines 28.05.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level.
25.05.2018
Murrey Math Lines 25.05.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD may break the 0/8 level and grow towards the 1/8 one.
24.05.2018
Murrey Math Lines 24.05.2018 (USDCHF, GOLD)
In the H4 chart, USDCHF may break the 2/8 level and then continue growing towards the resistance at the 3/8 one.
23.05.2018
Murrey Math Lines 23.05.2018 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is expected to test the support at the 5/8 level, rebound from it, and then resume growing towards the 7/8 one.
22.05.2018
Murrey Math Lines 22.05.2018 (AUDUSD, NZDUSD)
In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels.
21.05.2018
Murrey Math Lines 21.05.2018 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD may test the 0/8 level, rebound from it, and then resume growing towards the 1/8 one.