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.
08.02.2019
Murrey Math Lines 08.02.2019 (EURUSD, GBPUSD)
In the H4 chart, EURUSD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
07.02.2019
Murrey Math Lines 07.02.2019 (USDCHF, GOLD)
As we can see in the H4 chart, USDCHF is trading inside the “overbought zone”.
06.02.2019
Murrey Math Lines 06.02.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.
05.02.2019
Murrey Math Lines 05.02.2019 (AUDUSD, NZDUSD)
In the H4 chart, AUDUSD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 6/8 one.
31.01.2019
Murrey Math Lines 31.01.2019 (USDCHF, GOLD)
In the H4 chart, USDCHF is expected to rebound from the 5/8 level and resume growing towards the resistance at the 7/8 one.
30.01.2019
Murrey Math Lines 30.01.2019 (USDJPY, USDCAD)
As we can see in the H4 chart, USDJPY is trading at the 6/8 level and may resume falling towards the support at the 5/8 one.