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.
Brent may correct towards 4/8, while the S&P 500 index is expected to fall and reach 0/8 after changing the tendency.
USDCHF is trading within the “overbought area”, while XAUUSD is still expected to fall towards 0/8.
USDJPY has completed the correction and may resume growing; in the case of USDCAD, the price is expected to drop to 1/8.
Both AUDUSD and NZDUSD need correcting.
Both EURUSD and GBPUSD quotations might rise to 4/8.
Both Brent and the S&P 500 index are getting back to +1/8.
USDCHF is getting back to 8/8, while XAUUSD continues falling to reach the next target at 0/8.
USDJPY is starting a new correction, while USDCAD is no longer moving within the “oversold area”.