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 23.01.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 23.01.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar” After rebounding from 7/8 level last Friday, the EUR/USD pair is testing the 8/8 one. Possibly, in the nearest future the price may continue growing. ...

Murrey Math Lines 20.01.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 20.01.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating below the 4/8 level. In the nearest future, the price may reach a new local high, but later bears may try to t...

Murrey Math Lines 19.01.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 19.01.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair broke the H4 Super Trend to the downside, which means that it may start a descending correction. If in the nearest future the price f...

Murrey Math Lines 18.01.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 18.01.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair finally managed to fix above the 7/8 level, which means that the price may start a long ascending correction. In the nearest future, ...

Murrey Math Lines 17.01.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 17.01.2017 (EUR/USD, GBP/USD)

EUR USD, “Euro vs US Dollar” After rebounding from the H4 Super Trends yesterday, the EUR/USD pair is again moving above the 7/8 level. However, if the price breaks this ...

Murrey Math Lines 16.01.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 16.01.2017 (EUR/USD, GBP/JPY)

Analysis for January 16th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair failed to fix above the 7/8 level, which means that it may resume moving downwards to reach ...

Murrey Math Lines 13.01.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 13.01.2017 (EUR/USD, GBP/JPY)

Analysis for January 13th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair returned to the 7/8 level once again. If the price stays below this level and the H4 Super T...

Murrey Math Lines 12.01.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 12.01.2017 (EUR/USD, GBP/JPY)

Analysis for January 12th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is testing the 7/8 level once again. If the price fails to stay above this level and breaks ...

Murrey Math Lines 11.01.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 11.01.2017 (EUR/USD, USD/CAD)

Analysis for January 11th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 7/8 level for the third time, which means that the downtrend may resume. ...

Murrey Math Lines 10.01.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 10.01.2017 (EUR/USD, GBP/USD)

Analysis for January 10th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is testing the 7/8 level again; earlier, it rebounded from this level twice. If the price re...

Murrey Math Lines 09.01.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 09.01.2017 (EUR/USD, USD/CAD)

Analysis for January 9th, 2017 EUR USD, “Euro vs US Dollar” Last Friday, the EUR/USD pair rebounded from the 7/8 level again and returned to Super Trends, which earlier f...

Murrey Math Lines 06.01.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 06.01.2017 (EUR/USD, GBP/JPY)

Analysis for January 6th, 2017 EUR USD, “Euro vs US Dollar” After rebounding from the 5/8 level four times, the EUR/USD pair started an ascending correction and, as a result, Super ...

Murrey Math Lines 05.01.2017 (EUR/USD, NZD/JPY)
Murrey Math Lines 05.01.2017 (EUR/USD, NZD/JPY)

Analysis for January 5th, 2017 EUR USD, “Euro vs US Dollar” After rebounding from the 5/8 level several times, the EUR/USD pair started an ascending correction. The closest target i...

Murrey Math Lines 04.01.2017 (EUR/USD, USD/JPY)
Murrey Math Lines 04.01.2017 (EUR/USD, USD/JPY)

Analysis for January 4th, 2017 EUR USD, “Euro vs US Dollar” At the daily chart, the EUR/USD pair fixed below the 3/8 level and the daily Super Trend. As a result, in January the pri...

Murrey Math Lines 30.12.2016 (EUR/USD, GBP/JPY)
Murrey Math Lines 30.12.2016 (EUR/USD, GBP/JPY)

Analysis for December 30th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair tested the 7/8 level and rebounded from it. To confirm a new descending movement, the price has to bre...

Murrey Math Lines 29.12.2016 (EUR/USD, GBP/JPY)
Murrey Math Lines 29.12.2016 (EUR/USD, GBP/JPY)

Analysis for December 29th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. Yesterday, the price rebounded from the 5/8 level again and right now is mov...

Murrey Math Lines 28.12.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 28.12.2016 (EUR/USD, USD/CHF)

Analysis for December 28th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating between Super Trends. It’s highly likely that in the nearest future the market ...

Murrey Math Lines 27.12.2016 (EUR/USD, GBP/JPY)
Murrey Math Lines 27.12.2016 (EUR/USD, GBP/JPY)

Analysis for December 27th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating between Super Trends. In the nearest future, the market may test the 6/8 level....

Murrey Math Lines 26.12.2016 (EUR/USD, GBP/JPY)
Murrey Math Lines 26.12.2016 (EUR/USD, GBP/JPY)

Analysis for December 26th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 1/8 level twice and started a new ascending correction. Right now, the price is mov...

Murrey Math Lines 23.12.2016 (EUR/USD, AUD/USD
Murrey Math Lines 23.12.2016 (EUR/USD, AUD/USD

Analysis for December 23rd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 2/8 level, however, it is still moving between Super Trends. Consequently, in the n...


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.