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.
02.12.2020
Murrey Math Lines 02.12.2020 (USDJPY, USDCAD)
Bulls are not giving up: USDJPY quotations are trying to reach 5/8 again. USDCAD quotations have reached the oversold area.
01.12.2020
Murrey Math Lines 01.12.2020 (AUDUSD, NZDUSD)
AUDUSD and NZDUSD are trading in the overbought area. A correctional decline is expected.
30.11.2020
Murrey Math Lines 30.11.2020 (EURUSD, GBPUSD)
EURUSD might renew a year’s high, GBPUSD completed a correction. Growth to 8/8 is expected.
27.11.2020
Murrey Math Lines 27.11.2020 (Brent, S&P 500)
A “false” breakout in Brent indicates a correction; the S&P 500 continues trading upwards.
26.11.2020
Murrey Math Lines 26.11.2020 (USDCHF, GOLD)
USDCHF remains under pressure and is expected to test 0/8, while XAUUSD may correct towards 2/8.
25.11.2020
Murrey Math Lines 25.11.2020 (USDJPY, USDCAD)
The correction in USDJPY is over; USDCAD is trading back to 0/8.
24.11.2020
Murrey Math Lines 24.11.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are trading upwards and expected to continue their respective ascending tendencies.
23.11.2020
Murrey Math Lines 23.11.2020 (EURUSD, GBPUSD)
EURUSD may trade upwards to reach the resistance at 1.1962, while GBPUSD is expected to continue moving within the uptrend.