Murrey math lines and forecasts
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.
20.02.2019
Murrey Math Lines 20.02.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is trading above the 5/8 level.
19.02.2019
Murrey Math Lines 19.02.2019 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD is expected to break the 6/8 level and then continue falling towards the support at the 5/8 one.
18.02.2019
Murrey Math Lines 18.02.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, last Friday EURUSD rebounded from the support the 0/8 level and may later resume growing towards the resistance at the 3/8 one.
15.02.2019
Murrey Math Lines 15.02.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is still trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
14.02.2019
Murrey Math Lines 14.02.2019 (USDCHF, GOLD)
As we can see in the H4 chart, USDCHF has broken the 5/8 level; right now, it is trading above this level.
13.02.2019
Murrey Math Lines 13.02.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is trading above the 5/8 level.
12.02.2019
Murrey Math Lines 12.02.2019 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD is expected to test the resistance at the 7/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.
11.02.2019
Murrey Math Lines 11.02.2019 (EURUSD, GBPUSD)
As we can see in the H4 chart, EURUSD is still trading below the 3/8 level and may continue falling towards the support at the 0/8 one.