Forex Murrey Math Lines and Forecasts


Murrey Math Lines 27.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 27.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair rebounded from the 7/8 level, which means that it may resume falling. Earlier, Super Trends formed “bearish cross”. again. As a result, i...

Murrey Math Lines 22.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 22.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is testing the daily Super Trend and the 7/8 level again. If the price rebounds from these levels, it may resume moving downwards. The cl...

Murrey Math Lines 21.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 21.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”Super Trends formed “bearish cross”, which means that the price may continue falling. Earlier, the EUR/USD pair rebounded from the +1/8 level. The closest...

Murrey Math Lines 20.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 20.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”It looks like after rebounding from the +1/8 level, the EUR/USD pair started forming the descending correction. The price is already moving below the 7/8 ...

Murrey Math Lines 19.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 19.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is still consolidating. Possibly, the price may test the 8/8 level on Monday. If the pair rebounds from this level, the market may contin...

Murrey Math Lines 16.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 16.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”After rebounding from the +1/8 level, the EUR/USD pair started plummeting. If the price fixes below the daily Super Trend, the market may continue moving ...

Murrey Math Lines 15.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 15.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”After rebounding from the +1/8 level, the EUR/USD pair started plummeting. If the price fixes below the daily Super Trend, the market may continue moving ...

Murrey Math Lines 14.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 14.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is still consolidating between Super Trends. The 8/8 level provide support. If the pair fixes below the 7/8 level in the nearest future, ...

Murrey Math Lines 13.06.2017 (EUR/USD, EUR/JPY)
Murrey Math Lines 13.06.2017 (EUR/USD, EUR/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is still moving between Super Trends. Yesterday, the price rebounded from the 8/8 level, which means that it may start a short-term decli...

Murrey Math Lines 12.06.2017 (EUR/USD, EUR/JPY)
Murrey Math Lines 12.06.2017 (EUR/USD, EUR/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is testing the 8/8 level again. If the price rebounds from it, the pair may resume falling towards the 6/8 level. If later this level is ...

Murrey Math Lines 09.06.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 09.06.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”The EUR/USD pair fixed below the 8/8 level and right now is testing the daily Super Trend. If the price breaks it, the pair may start a new descending mov...

Murrey Math Lines 08.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 08.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair rebounded from the 8/8 level, which means that it may resume moving upwards. Moreover, the price fixed above the H4 Super Trend. As a res...

Murrey Math Lines 06.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 06.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair rebounded from the 8/8 level, which means that it may reach a new local high. If later the price rebounds from the +2/8 level, the pair m...

Murrey Math Lines 05.06.2017 (EUR/USD, CHF/JPY)
Murrey Math Lines 05.06.2017 (EUR/USD, CHF/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is consolidating inside the “overbought zone”. In the nearest future, the market may test the 8/8 level and the H4 Super Trend. If the pr...

Murrey Math Lines 02.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 02.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair is still consolidating between the 8/8 level and the H4 Super Trend. In the nearest future, the market may grow towards the +1/8 level. I...

Murrey Math Lines 01.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 01.06.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”After rebounding from the 3/8 level, the EUR/USD pair fixed above the 4/8 one, which means that it may continue moving upwards. Possibly, on Thursday the ...

Murrey Math Lines 31.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 31.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”Yesterday, the EUR/USD pair failed to break the 3/8 level and the daily Super Trend, and, as a result, started a new ascending correction. On Wednesday, t...

Murrey Math Lines 30.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 30.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair rebounded from the 4/8 level several times and resumed moving downwards. If later the price breaks the 3/8 level and the daily Super Tren...

Murrey Math Lines 29.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 29.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar”The EUR/USD pair failed to fix above the 8/8 level, which means that it may start a new descending correction. The closest target for bears is at the 3/8 ...

Murray Math Lines 26.05.2017 (EUR/USD, GBP/JPY)
Murray Math Lines 26.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar"The EUR/USD keeps consolidating between the Murray levels. As long as price has failed to hold above the Super Trend H4-line, in the short-run it is possib...


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.

 

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.