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.
19.06.2020
Murrey Math Lines 19.06.2020 (Brent, S&P 500)
Brent may grow towards 6/8, while S&P 500 is expected to trade downwards after leaving the “overbought area”.
18.06.2020
Murrey Math Lines 18.06.2020 (USDCHF, GOLD)
USDCHF may grow towards 5/8, while XAUUSD is expected to trade upwards to reach 8/8.
17.06.2020
Murrey Math Lines 17.06.2020 (USDJPY, USDCAD)
Both USDJPY and USDCAD may fall to reach 1/8.
16.06.2020
Murrey Math Lines 16.06.2020 (AUDUSD, NZDUSD)
AUDUSD is still moving inside the “overbought area”, while NZDUSD is trading to reach 7/8.
15.06.2020
Murrey Math Lines 15.06.2020 (EURUSD, GBPUSD)
EURUSD is still consolidating, while GBPUSD is expected to continue falling.
12.06.2020
Murrey Math Lines 12.06.2020 (EURUSD, GBPUSD)
There was a “false breakout” of the resistance level in EURUSD, while GBPUSD may fall to reach 5/8.
11.06.2020
Murrey Math Lines 11.06.2020 (USDCHF, GOLD)
USDCHF may fall to reach 0/8, while XAUUSD is still trading upwards.
10.06.2020
Murrey Math Lines 10.06.2020 (USDJPY, USDCAD)
USDJPY is consolidating, while USDCAD may fall to reach 0/8.