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.
USDCHF is still trading sideways, while XAUUSD may rebound from 6/8 and finish the correction.
USDJPY may rebound from 3/8 and resume falling, while USDCAD is expected to correct towards 5/8.
AUDUSD is moving inside the “overbought area”, while NZDUSD is approaching the resistance at 8/8.
EURUSD is approaching the ”overbought area”, while GBPUSD is heading towards 7/8.
Brent may break 4/8 and complete the correction, while the S&P 500 index is approaching its all-time high again.
USDCHF may break 2/8 and continue moving upwards, while XAUUSD is still expected to grow and each 1812.50.
USDJPY may reach 110.15, while USDCAD is approaching the “oversold area”.
Both AUDUSD and NZDUSD may break 6/8 and continue trading upwards.