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.
26.04.2018
Murrey Math Lines 26.04.2018 (USDCHF, GOLD)
In the H4 chart, USDCHF is trading inside the “overbought zone” above the 8/8 level.
25.04.2018
Murrey Math Lines 25.04.2018 (USDJPY, USDCAD)
In the H4 chart, USDJPY is expected to continue growing and break the resistance at the 8/8 level.
24.04.2018
Murrey Math Lines 24.04.2018 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD is expected to test the resistance at the 5/8 level, rebound from it, and then resume falling towards the support at the 4/8 one.
23.04.2018
Murrey Math Lines 23.04.2018 (EURUSD, GBPUSD)
In the H1 chart, the pair has broken the 3/8 level and is no longer consolidating.
20.04.2018
Murrey Math Lines 20.04.2018 (EURUSD, GBPUSD)
In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels.
19.04.2018
Murrey Math Lines 19.04.2018 (USDCHF, GOLD)
In the H4 chart, USDCHF may break the 7/8 level and then continue growing to reach the resistance at the 8/8 one.
18.04.2018
Murrey Math Lines 18.04.2018 (USDJPY, USDCAD)
In the H4 chart, USDJPY is trading inside the “overbought zone” above the 8/8 level.
17.04.2018
Murrey Math Lines 17.04.2018 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD may break the 7/8 level and then continue falling towards the support at the 5/8 one.