Forex Murrey Math Lines and Forecasts

About Murrey Math Lines

Being rather a new trading indicator, Murrey math lines become more prominent with each day.  Not only can it show supports and resistances, but also helps in determining the trends and trend changes. Using the respective indicator is quite simple, due to its resemblance to pivot points and Fibonacci retracements. Murrey math lines and forecasts were developed based on the research performed by William Gann, and therefore, represent an easy way to realize Gann.

 


Murrey Math Lines 24.02.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 24.02.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 4/8 level and started a new ascending correction. During the day, the market may test the 6/8 level. If the price ...

Murrey Math Lines 23.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 23.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 4/8 level and started a new ascending correction. Possibly, in the nearest future the market may continue moving u...

Murrey Math Lines 22.02.2017 (EUR/USD, NZD/USD)
Murrey Math Lines 22.02.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair resumed its decline and right now is getting closer to the 4/8 level. If later the price rebounds from this level, it may start a new...

Murrey Math Lines 21.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 21.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected below Super Trends. On Tuesday, the price may resume growing to reach the 7/8 level and the daily Super Tren...

Murrey Math Lines 20.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 20.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Although the EUR/USD pair rebounded from the 7/8 level and the daily Super Trend, in the nearest future the current correction is expected to continue...

Murrey Math Lines 17.02.2017 (EUR/USD, NZD/USD)
Murrey Math Lines 17.02.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar” After failing to fix below the 5/8 level, the EUR/USD pair started the current ascending correction. It’s highly likely that in the nearest future the...

Murrey Math Lines 16.02.2017 (EUR/USD, NZD/USD)
Murrey Math Lines 16.02.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair failed to fix below the 5/8 level and, as a result, started the current ascending correction. The closest target for bulls is the 7/8...

Murrey Math Lines 15.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 15.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Super Trends formed “bearish cross” and the market continued its decline, which was stopped by the 5/8 level. If the price breaks this level, the pair...

Murrey Math Lines 14.02.2017 (EUR/USD, NZD/USD)
Murrey Math Lines 14.02.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD continues falling. Earlier, Super Trends formed “bearish cross” and the market rebounded from the +1/8 level several times. In the nearest...

Murrey Math Lines 13.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 13.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Super Trends formed “bearish cross”, which means that the pair may continue falling. The closest target is at the 5/8 level. If later the price breaks...

Murrey Math Lines 10.02.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 10.02.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is trying to fix below the daily Super Trend. Earlier, the price rebounded from the +1/8 level twice and started the current decline....

Murrey Math Lines 09.02.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 09.02.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is consolidating between Super Trends. It’s highly likely that in the nearest future the market may test the 8/8 level. If the price ...

Murrey Math Lines 08.02.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 08.02.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is attempting to break the daily Super Trend. If later the price fixes below the 6/8 level, it may start a new descending correction ...

Murrey Math Lines 07.02.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 07.02.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair broke the 8/8 level and fixed below it. Consequently, in the nearest future the market may test the daily Super Trend and the 6/8 lev...

Murrey Math Lines 06.02.2017 (EUR/USD, EUR/JPY)
Murrey Math Lines 06.02.2017 (EUR/USD, EUR/JPY)

EUR USD, “Euro vs US Dollar” After rebounding from the +1/8 level earlier, the EUR/USD is testing the 8/8 one. If the price breaks the latter level, it may start a short-term decl...

Murrey Math Lines 03.02.2017 (EUR/USD, NZD/USD)
Murrey Math Lines 03.02.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar” After rebounding from the +1/8 level yesterday, the EUR/USD is testing the 8/8 one. If the price rebounds from this level, it may start a new descendi...

Murrey Math Lines 02.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 02.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD rebounded from the 8/8 level and the H4 Super Trend, which means that it may resume growing. The closest target for bulls is at the +2/8 l...

Murrey Math Lines 01.02.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 01.02.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Yesterday, after rebounding from the daily Super Trend, the EUR/USD pair broke the high and fixed inside the “overbought zone”; the +1/8 level provide...

Murrey Math Lines 31.01.2017 (EUR/USD, EUR/JPY)
Murrey Math Lines 31.01.2017 (EUR/USD, EUR/JPY)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is testing the H4 Super Trend again, which may provide resistance this time. If the price rebounds from it, the market may resume fal...

Murrey Math Lines 30.01.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 30.01.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 8/8 level, which means that the current descending correction may yet continue.  If the price fixes under the H4 S...


Using the Murrey Math Lines

Murrey math lines and forecasts come in pretty handy when striving for the 100% fulfilled Technical Analysis. The great contribution of T. H. Murrey was the development of a system of geometry that can be used to follow market price movements in time.

The indicator includes 9 lines that move parallel to one another. The first line from the bottom (0/8 - oversold) and the last one (8/8 - overbought) are the hardest lines to cross, and when it happens, the chances of the price reversal are pretty high. The normal trading range is considered to be between the lines 3/8 and 5/8. These lines are actually crucial in determining the state of the trading market. If the price stays near the line 5/8 for more than 8-9 days, it is advisable to sell in this zone. When the price is running down below the line 3/8, it will most likely continue falling to the next resistance level.

When the price appears between two lines, the upper one is regarded as resistance and the lower one - as support.

What Should the Trader Be Cautious Of?

Murrey Math lines are basically a set of support and resistance lines and like any such line are unpredictive. This means that while trading with the help of these lines, there's always a risk of price not moving in the direction suggested by Murrey. Therefore, the trading strategy that is based on Murrey math lines better have a good risk management to avoid losing capital.