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.
30.06.2020
Murrey Math Lines 30.06.2020 (AUDUSD, NZDUSD)
AUDUSD is still moving inside the “overbought area”, while NZDUSD is expected to trade downwards and reach 4/8.
29.06.2020
Murrey Math Lines 29.06.2020 (EURUSD, GBPUSD)
EURUSD may continue falling towards 3/8, while GBPUSD is expected to reach 6/8.
26.06.2020
Murrey Math Lines 26.06.2020 (Brent, S&P 500)
Brent may fall to reach 5/8, while S&P 500 is expected to continue trading downwards.
25.06.2020
Murrey Math Lines 25.06.2020 (USDCHF, GOLD)
In the case of USDCHF, there was a “false” breakout of 3/8; XAUUSD is trading inside the “overbought area”.
24.06.2020
Murrey Math Lines 24.06.2020 (USDJPY, USDCAD)
USDJPY is no longer trading inside the “oversold area”, while USDCAD may grow to reach 5/8.
23.06.2020
Murrey Math Lines 23.06.2020 (AUDUSD, NZDUSD)
AUDUSD is trying to break through the “overbought area”, while NZDUSD is expected to continue trading upwards.
22.06.2020
Murrey Math Lines 22.06.2020 (EURUSD, GBPUSD)
EURUSD is still falling towards 3/8, while GBPUSD is expected to reach 7/8.