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.
14.12.2020
Murrey Math Lines 14.12.2020 (EURUSD, GBPUSD)
EURUSD is still expected to correct towards 8/8, while GBPUSD may grow to reach 1.3427 again.
11.12.2020
Murray Math Lines 11.12.2020 (BRENT, S&P 500)
Oil quotations reached the overbought area, a correction to 7/8 is expected; for further growth of the S&P 500, bulls need to break through 7/8.
10.12.2020
Murrey Math Lines 10.12.2020 (USDCHF, GOLD)
USDCHF is trading in the oversold area, GOLD might rise to 1906.62.
09.12.2020
Murrey Math Lines 09.12.2020 (USDJPY, USDCAD)
USDJPY quotations might fall to 1/8, USDCAD keeps falling, the next goal is 0/8.
08.12.2020
Murrey Math Lines 08.12.2020 (AUDUSD, NZDUSD)
Both in AUDUSD and NZDUSD a breakaway of 6/8 might provoke further growth.
07.12.2020
Murrey Math Lines 07.12.2020 (EURUSD, GBPUSD)
EURUSD is trading in the overbought area, GBPUSD might decline to 6/8.
04.12.2020
Murrey Math Lines 04.12.2020 (BRENT, S&P 500)
Oil quotations are nearing a strong resistance level of 50.00, S&P 500 price can reach 3750.0.
03.12.2020
Murrey Math Lines 03.12.2020 (USDCHF, GOLD)
USDCHF quotations are nearing the oversold area, Gold might stop correcting at 3/8.