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.
11.11.2020
Murrey Math Lines 11.11.2020 (USDJPY, USDCAD)
USDJPY may continue growing to reach 7/8, while USDCAD is expected to correct towards 3/8.
10.11.2020
Murrey Math Lines 10.11.2020 (AUDUSD, NZDUSD)
Both AUDUSD and NZDUSD are expected to correct downwards and reach 6/8.
09.11.2020
Murrey Math Lines 09.11.2020 (EURUSD, GBPUSD)
EURUSD is expected to continue moving upwards, while GBPUSD may correct to reach 1.3061.
06.11.2020
Murrey Math Lines 06.11.2020 (Brent, S&P 500)
Brent has failed to break the key resistance; S&P 500 is expected to move upwards and reach 3554.7.
05.11.2020
Murrey Math Lines 05.11.2020 (USDCHF, GOLD)
Bears continue putting pressure on USDCHF, while bulls are making one more attempt to push XAUUSD towards 1937.50.
04.11.2020
Murrey Math Lines 04.11.2020 (USDJPY, USDCAD)
USDJPY may continue falling towards 103.90, while USDCAD is expected to rise.
03.11.2020
Murrey Math Lines 03.11.2020 (AUDUSD, NZDUSD)
The descending tendency in AUDUSD is speeding up; 5/8 prevents NZDUSD from growing and makes it start a new decline.
02.11.2020
Murrey Math Lines 02.11.2020 (EURUSD, GBPUSD)
The closest support area for EURUSD is at 1.1596; GBPUSD may fall to reach 1.2756.