One of the classic approaches to the currency market analysis, which is successfully applied to everyday investment 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.
16.05.2023
A breakout of 3/8 will indicate a decline in AUDUSD, NZDUSD might rise to the resistance level of 7/8.
15.05.2023
EURUSD quotes might rise to 3/8, GBPUSD is almost done correcting and is expected to grow.
12.05.2023
USDJPY might still rise to 7/8, USDCAD is completing a correction and ready to decline.
11.05.2023
AUDUSD is expected to continue growing; NZDUSD are in the overbought area.
10.05.2023
EURUSD is almost done correcting while the quotes are expected to grow, GBPUSD is nearing the overbought area.
05.05.2023
USDCHF is nearing the oversold area, gold quotes could correct to 4/8.
04.05.2023
USDJPY is nearly done correcting, a rebound from the support will indicate growth of USDCAD.
03.05.2023
AUDUSD quotes could return to 0/8, NZDUSD is expected to drop to the support at 2/8.