Forex Murrey Math Lines and Forecasts


Murrey Math Lines 18.08.2017 (AUD/USD, EUR/JPY)
Murrey Math Lines 18.08.2017 (AUD/USD, EUR/JPY)

AUD USD, “Australian Dollar vs US Dollar”As we can see at the H4 chart, the levels have been redrawn. As a result, the support at the 0/8 level moved higher, which means that the asc...

Murrey Math Lines 17.08.2017 (AUD/CHF, EUR/JPY)
Murrey Math Lines 17.08.2017 (AUD/CHF, EUR/JPY)

AUD CHF, “Australian Dollar vs Swiss Franc”As we can see at the H4 chart, the AUD/CHF pair has broken the 5/8 level at 0.7629. If the price breaks this level to the downside again, i...

Murrey Math Lines 16.08.2017 (AUD/USD, EUR/GBP)
Murrey Math Lines 16.08.2017 (AUD/USD, EUR/GBP)

AUD USD, “Australian Dollar vs US Dollar”At the H4 chart, the AUD/USD pair is trading between the 3/8 and 5/8 levels. By now, it has rebounded from the 4/8 level at 0.7812. Possibly,...

Murrey Math Lines 15.08.2017 (NZD/USD, NZD/CAD)
Murrey Math Lines 15.08.2017 (NZD/USD, NZD/CAD)

NZD USD, “New Zealand Dollar vs US Dollar”As we can see at the H4 chart, the NZD/USD pair is trading between the 3/8 and 5/8 levels. By now, the price has rebounded from the 3/8 leve...

Murrey Math Lines 14.08.2017 (USD/CHF, USD/JPY)
Murrey Math Lines 14.08.2017 (USD/CHF, USD/JPY)

USD CHF, “US Dollar vs Swiss Franc”At the H4 chart, the USD/CHF pair is still moving to reach the target at the 8/8 level at 0.9765.As we can see at the H1 chart, the pair may break ...

Murrey Math Lines 11.08.2017 (USD/CHF, USD/JPY)
Murrey Math Lines 11.08.2017 (USD/CHF, USD/JPY)

USD CHF, “US Dollar vs Swiss Franc”At the H4 chart, the USD/CHF pair has almost reached its target at the 5/8 level at 0.9582. The price is expected to reach this level, rebound from...

Murrey Math Lines 10.08.2017 (NZD/USD, EUR/JPY)
Murrey Math Lines 10.08.2017 (NZD/USD, EUR/JPY)

NZD/USD, “New Zealand Dollar vs US Dollar”As we can see at the H4 chart, the NZD/USD pair reached the 3/8 level at 0.7263. The price is expected to rebound from this level and start ...

Murrey Math Lines 09.08.2017 (EUR/USD, USD/JPY)
Murrey Math Lines 09.08.2017 (EUR/USD, USD/JPY)

EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is trading at the 8/8 level. If later the price breaks this level to the downside, it may continue falling towards the ...

Murrey Math Lines 08.08.2017 (NZD/JPY, AUD/USD)
Murrey Math Lines 08.08.2017 (NZD/JPY, AUD/USD)

NZD JPY, “New Zealand Dollar vs Japanese Yen”At the H4 chart, the NZD/JPY pair is trading close to the resistance at the 0/8 level at 81.25. The price is expected to rebound from thi...

Murrey Math Lines 07.08.2017 (GBP/USD, USD/CHF)
Murrey Math Lines 07.08.2017 (GBP/USD, USD/CHF)

GBP USD, “Great Britain Pound vs US Dollar”As we can see at the H4 chart, the GBP/USD pair reached the target at the 5/8 level at 1.3000. The price is expected to rebound from it and...

Murrey Math Lines 02.08.2017 (GBP/USD, EUR/CAD)
Murrey Math Lines 02.08.2017 (GBP/USD, EUR/CAD)

GBP USD, “Great Britain Pound vs US Dollar”As we can see at the H4 chart, the GBP/USD pair broke the 5/8 level at 1.3183, just as expected. The next downside target is at the 5/8 lev...

Murrey Math Lines 03.08.2017 (NZD/USD, AUD/NZD)
Murrey Math Lines 03.08.2017 (NZD/USD, AUD/NZD)

NZD USD, “New Zealand Dollar vs US Dollar”At the H4 chart, the NZD/USD pair reached its first target at the 5/8 level at 0.7385. If the price rebounds from this level, it may grow to...

Murrey Math Lines 02.08.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 02.08.2017 (EUR/USD, GBP/USD)

EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is still trading inside the “overbought zone” close to the resistance at the +1/8 level at 1.1840. If the price rebound...

Murrey Math Lines 01.08.2017 (GBP/USD, AUD/USD)
Murrey Math Lines 01.08.2017 (GBP/USD, AUD/USD)

GBP USD, “Great Britain Pound vs US Dollar”As we can see at the H4 chart, the GBP/USD pair reached and broke the 8/8 level at 1.3183, just as expected. Right now, the price is expect...

Murrey Math Lines 31.07.2017 (EUR/USD, USD/JPY)
Murrey Math Lines 31.07.2017 (EUR/USD, USD/JPY)

EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is still trading close to the resistance at the 8/8 level at 1.1718. If later the price breaks this level to the downsi...

Murray Math Lines 28.07.2017 (EUR/USD, USD/JPY)
Murray Math Lines 28.07.2017 (EUR/USD, USD/JPY)

EUR/USDThe EUR/USD on its H4-chart has completed a false brekout of the resistance level 8/8. Yet another attempt to reach the 8/8 level (1.1718) is expected. When this level is achi...

Murray Math Analysis 27.07.2017 (XAU/USD, NZD/USD)
Murray Math Analysis 27.07.2017 (XAU/USD, NZD/USD)

XAU/USDThe H4-chart of XAU/USD shows the pair is at its resistance level 5/8 (1265.63). If price rebounds from this level, gold can move lower towards 4/8 (1250.00) and 3/8 (1234.38)...

Murray Math Lines 26.07.2017 (USD/CAD, NZD/USD)
Murray Math Lines 26.07.2017 (USD/CAD, NZD/USD)

USD/CADThe H4-chart shows that the USD/CAD pair is trading within the buying area between -1/8 and -2/8 levels. If price breaks through -1/8 level (1.2573), this can trigger a possib...

Murray Math Lines 25.07.2017 (AUD/CHF, EUR/USD)
Murray Math Lines 25.07.2017 (AUD/CHF, EUR/USD)

AUD/CHFThe AUD/CHF pair has rebounded from the 8/8 resistance level (0.7568) on its H4-chart. Currently it is moving towards 5/8 level (0.7385). It is not improbable that we will see...

Murray Math Lines 24.07.2017 (EUR/USD, AUD/USD)
Murray Math Lines 24.07.2017 (EUR/USD, AUD/USD)

EUR/USDThe H4 EUR/USD shows the price is moving close to the 8/8 resistance level (1.1718). A rebound from the 8/8 level and further downward move towards 3/8 level (1.1535) is expec...


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.